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. ABA Transit Number

    A unique number assigned by the American Bankers Association ...
  4. American Bankers Association - ...

    The American Bankers Association (ABA) is the largest banking ...
  5. Money Order

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

    A financial institution licensed as a receiver of deposits. There ...
RELATED FAQS
  1. How does online banking assist with budgeting?

    Setting up online banking can make a personal budget easier to manage through the use of multiple accounts or expense categories ... Read Full Answer >>
Related Articles
  1. Insurance

    Your First Checking Account

    This owner's manual will show you what to expect from your bank.
  2. Options & Futures

    Choose To Beat The Bank

    From internet banking to credit unions, it's in your power to cut fees and maximize service.
  3. Savings

    All About Banking

    This tutorial will tell you everything you need to know about how checking and savings accounts work.
  4. Budgeting

    When Good People Write Bad Checks

    Overdraft protection can help when you overestimate your balance, but it will cost you.
  5. Economics

    What Do You Need To Know About Inflation?

    When it comes to inflation, there is no shortage of opinions: one side argues the Fed should raise rates, and the opposition says the Fed should stay put.
  6. Economics

    Worried About The Fed Hike?

    With the Nasdaq crossing the threshold and the broader equity bull market entering its 7th year, many investors are anxious that stocks are in a bubble.
  7. Bonds & Fixed Income

    How Rate Hikes Will Affect Your Investments?

    An interest rate hike by the Fed, which will happen either during their June or September meeting, could impact your fixed income investments.
  8. Economics

    What's The Impact On Equities If The Rates Hike?

    The Fed is on course for raising interest rates. True, that leaves the question of when (most likely June or September, but could be later) and how much.
  9. Investing

    Are You Ready To Invest In The Tech Sector?

    Tech stocks, particularly those of mature tech companies, are well positioned and offer meaningful upside potential in the near-term.
  10. Investing

    The Impact Of A Stronger Dollar In The Markets

    The economy continues to improve, but also demonstrated that some areas of the stock market are more vulnerable to an increase in interest rates.

You May Also Like

Hot Definitions
  1. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  2. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  3. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  4. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
  5. Accrued Interest

    1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, ...
  6. Absorption Costing

    A managerial accounting cost method of expensing all costs associated with manufacturing a particular product. Absorption ...
Trading Center