BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is true about a routing number?
A
It is located between the “straight faces” and is your banks identification number
B
Located at the top part of your check & it is your bank’s identification number
C
It is located between the “straight faces” & is your account number
D
Located to the the right of the straight faces
Explanation: 

Detailed explanation-1: -Your checkbook The routing number is the nine-digit number printed in the bottom left corner of each check. Your specific account number (usually 10 to 12 digits) is the second set of numbers printed on the bottom of your checks.

Detailed explanation-2: -Each routing number is unique to one financial institution and helps avoid confusion. Routing numbers ensure that checks intended for Citibank don’t go to CIT Bank, for example. A bank or credit union may have more than one routing number.

Detailed explanation-3: -What are the numbers on a check? At the bottom of a check, you will see three groups of numbers. The first group is your routing number, the second is your account number and the third is your check number.

There is 1 question to complete.