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Comparison Of Routing And Transit Numbers

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Routing and transit numbers are similar to postal address and zip codes. They act as compass points for getting checks from the Credit Union or bank of deposit through a clearinghouse or other intermediary and back to the issuing institution. There are approximately 26,895 active routing and transit numbers currently in use (www.fededirectory.frb.org). These numbers can help you identify the issuing institution and detect counterfeit or altered checks. The MICR routing number consists of nine
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