As the world embraces the digital age, it is crucial to take note of your Woodforest National Bank routing number. It is necessary if you have plans to sign up for an account that will let you make automatic deposits, send a wired money transfer, or make a payroll payment.
The Woodforest National Bank routing number is also necessary you are a new or long-term Woodforest customer or if you intend to send money to an existing Woodforest account.
Routing Number: What Is It?
The routing number is also referred to as the ABA number, ABA routing number, or the routing transit number. It is composed of a unique nine-digit combination provided to a bank or any financial establishments by the American Bankers Association. The number will point out where a payment must be processed or gathered from.
All financial institutions can possess several routing numbers depending on the state where you opened your bank account.
Some counties also have multiple routing numbers.
What Are Included In Your Woodforest Routing Number?
There are three components in a Woodforest Routing Number.
The first four numbers indicate the routing symbol of the Federal Reserve. The first and second digits in this group of numbers range from 00 up to 99. It provides information about the institution that it belongs to. Some of the classifications include whether it is an agency, a bank, a traveler’s check, a thrift institution, or a US government institution.
The second set of four digits represents the ABA institution’s identifier, while the ninth and final number is known as the check digit.
What Is The Difference Between ABA And ACH Routing Numbers?
Strictly speaking, the ABA routing numbers like the Woodforest National Bank routing numbers usually refer to paper checks. It is commonly referred to as the bank’s “check routing number.” Meanwhile, the ACH routing numbers talk about withdrawals and electronic transfers. It is the reason why it is referred to as the “electronic routing number.”
Nowadays, most major banks designate the same routing number for both purposes. However, it is not surprising to see distinct ABA and ACH routing numbers for the regional lending institutions.
You may double-check with the bank if they use the same numbers for the ABA and ACH or if they provide separate sets of digits for the two different purposes.
The Woodforest National Bank routing number can be found on the lower left side of the check.
What Is The Difference Between Routing Number And Account Number
The routing numbers like the Woodforest National Bank are the set of numbers required by banks when reordering for checks, establishing a direct bank deposit, payment of customer bills, or for all the tax payments.
On the other hand, the account number indicates a person’s bank account. If you have more than one bank account, you will most likely have the same routing numbers for both accounts. However, you will be assigned different account numbers for each one.
You may call your bank to get your Woodforest National Bank routing number or look for it on the left side of your check.
