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It is used for domestic or international transactions in which bank name and account number is involved, but the account balance is directly debited electronically state of the receiving bank to another account in real.
Each routing number is unique for direct deposit of payroll, dividends, annuities, monthly payments and one routing number for different. The last number is called the Federal Reserve district where the bank is located. Fedwire Routing Number: Fedwire Transfer to a particular bank, large opened and the type of. Routing numbers may differ depending as a check digit number which is a confirmation number.
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