A routing number is a unique nine-digit code that identifies a financial institution. Every bank and credit union in the United States has its own routing number, which is used to facilitate electronic fund transfers between accounts. For example, Suncoast Credit Union’s routing number is 263181033.
Routing numbers play a vital role in the financial system, ensuring that funds are transferred securely and efficiently. They are particularly important for direct deposits, automatic payments, and wire transfers. Historically, routing numbers were printed on checks, but with the advent of electronic banking, they are now often transmitted electronically.
