Category: General Knowledge | Last updated: 2026-09-18

What is the primary purpose of a bank's routing number?

A) To identify a specific customer's account balance.
B) To uniquely identify the financial institution in a transaction.
C) To indicate the date a transaction occurred.
D) To serve as the individual's debit card number.

Explanation

A routing number is a nine-digit code used to identify the financial institution (bank or credit union) for payments and transfers, ensuring funds go to the correct bank.

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