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

Hot Definitions
  1. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  2. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  5. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  6. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
Trading Center