Check Routing Symbol

AAA

DEFINITION of 'Check Routing Symbol'

A set of numbers appearing as the denominator of a fraction that is printed in the upper right corner of any check that is paid through the federal reserve system. The check routing symbol contains three or four digits and provides three pieces of information: the district of the paying bank, the facility that processed the check and the funds' availability status assigned by the Fed. The upper number in the numerical fraction is the ABA transit number.

INVESTOPEDIA EXPLAINS 'Check Routing Symbol'

Any check that the Fed deems immediately available is given a check routing number that ends in 0. They are payable the same day as they are presented at any federal reserve bank. A check with a routing symbol that ends in any other number is referred to as a deferred availability check.

RELATED TERMS
  1. Clearing House Funds

    Money that passes between Federal Reserve Banks in the form of ...
  2. Deferred Availability

    A delay in the availability of funds to the holder of a commercial ...
  3. Bank

    A financial institution licensed as a receiver of deposits. There ...
  4. Check

    A written, dated and signed instrument that contains an unconditional ...
  5. Money Order

    A certificate that allows the stated payee to receive cash on-demand, ...
  6. ABA Transit Number

    A unique number assigned by the American Bankers Association ...
Related Articles
  1. Your First Checking Account
    Insurance

    Your First Checking Account

  2. Choose To Beat The Bank
    Options & Futures

    Choose To Beat The Bank

  3. All About Banking
    Savings

    All About Banking

  4. When Good People Write Bad Checks
    Budgeting

    When Good People Write Bad Checks

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center