Wachovia Routing - Understanding the Importance of a Routing Number

Anytime you open a checking account with the Wachovia Bank you will notice that there are two different numbers on the bottom of your check. The first number is going to be your checking account number. This number is unique to you and your personal account. The second number is call a routing number and is unique to your bank. All checking accounts whether they are for personal use or for business use must have these numbers printed on the checks in order for them to be processed.

What the Numbers are used for

Your branch of the Wachovia bank may have thousands of members who have accounts there or it may be very small and only have a few hundred. The bank routing number is used be the financial clearing houses to decipher not only which banking system you use, such as Wachovia, but also to determine exactly which branch you bank with.

Each branch of the bank has its own unique routing number and while a small part of the number identifies the bank as a whole, the rest of the number highlights the branch that you opened your account with. This is done to help speed up the task of processing your checks; the numbers are printed in a particular format that allows computerized scanners to read them along with your account number.

How does this Apply to Me?

As Wachovia is only one of hundreds of banks in the country that are used by millions of people every day, the routing number on your checks is as important as your individual account number. This number makes it possible for the computerized clearing houses to process hundreds of checks per minute. Without this number the work would still have to be done by hand which would slow down the processing of any payments you made by check.

Each of the nine numbers in this routing number represents a different part of your banks address and the type of account you have. The first four digits in the number the specific US Federal Reserve check clearing center that your bank uses, the following four digits identify your particular bank and the ninth digit is used to verify that the check is valid. It is computed using a special formula that works with the other eight digits in the number.

Today you can use the bank routing number on any Wachovia checking account to pay many of your bills online instead of having to mail out the checks. This can save you both time and money as well as ensuring that the bills will be paid on time instead of having to worry about whether or not the check you send in the mail will arrive on time.

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