A routing number for Wells Fargo checking, also known as an ABA (American Bankers Association) number, is a nine-digit code that identifies the financial institution and the location where the account is held. For instance, the routing number for Wells Fargo accounts in New York City is 026009593.
Routing numbers are essential for processing electronic payments, such as direct deposits, wire transfers, and ACH payments. They ensure that funds are sent to the correct bank and account. Historically, routing numbers were assigned based on the Federal Reserve’s geographic regions. However, with the advent of electronic banking, routing numbers have become more standardized.
