Routing Number is a unique nine-digit code used by banks in the United States to identify a specific financial institution. It is a crucial tool used to facilitate electronic transactions such as direct deposit and ACH payments. The routing number acts as an identifier and allows financial institutions to identify where the funds originated from and the intended recipient. As such, it is essential to ensure accuracy when providing routing numbers, as incorrect numbers can lead to delayed or failed transactions. Additionally, different routing numbers may apply to different transactions, such as wire transfers, international payments, and paper checks. Overall, the routing number plays a crucial role in enabling efficient and accurate electronic transactions between different financial institutions.