Only financial institutions that meet this requirement and have a federal or state charter can apply for a routing number with the ABA. If your bank or credit union maintains an account with the Federal Reserve Bank, it has an ABA routing number. It extends to banks that participate in other activities, such as Automated Clearing House (ACH) payments, electronic funds transfers and online banking. The ABA routing number system covers federally and state-chartered banks and financial institutions that process check transactions. The American Bankers Association developed the ABA routing number system in 1910 as a way to tell one bank from another. This number may be called an ABA number, ABA routing number, bank ABA number or transit ABA number. A routing number is a nine-digit number that identifies a financial institution.
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