How to Verify Routing Numbers
Many people know that the routing number for their bank is the 9 digit number on their check that comes before their long account number. The problem those who are getting paid by ACH or check is that sometimes the routing number may be incorrect. Transposing numbers to outright falsification happen every day. That's why knowing how to verify routing numbers is an important skill to have.
Check With the Bank First
If you have a transaction to run, but you're not sure that the routing number is correct, then the first thing you can do is check with the bank listed. Most financial institutions publish their routing numbers for this very purpose. If you can't find this information online, a quick phone call to the bank will typically generate results.
Sometimes a large bank or credit union may have multiple routing numbers. In this instance, you will want to contact that branch of the bank where the transaction's account holder has their money. This will give you the specific information that you need.
Use a Verification Service
If you are unsure about the validity of the ACH transaction or the check you're holding, then an online verification tool can help you know if the routing number is real. Just enter the 9 digit routing number into a preferred website and you will get the bank information that you want. If you don't get any results, then there is a chance that the number could have been falsified.
Stop By the Local Branch
Sometimes a financial institution will not publish or discuss this information online or over the phone. They may not even have their routing number published anywhere for a verification tool to locate it. In these rare circumstances, it becomes necessary to stop by the branch in person to verify the routing number. If the branch is local, then this just takes a few minutes of time. If not, you may wish to reject the payment for incomplete or unverifiable information. Knowing how to verify routing numbers can help to eliminate unnecessary delays in payment. It can also help to determine if a check or transaction authorization is authentic. Utilize these methods today so that you can get the money you deserve.
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