Ent Credit Union Routing Number
Written by
Marc Guberti
Edited by
Melanie Grafil
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Banks and credit unions have been using routing numbers since 1910 to simplify the financial system. This 9-digit number helps to identify which bank will send or receive funds. You will need a routing number to conduct many types of money transfers. While some banks have different routing numbers for each region, Ent Credit Union keeps it simple with a single routing number for all of its customers.
Your Ent Credit Union Routing Number
Ent Credit Union’s routing number is 307070005. You will need this number and your bank account number to conduct ACH and wire transfers.
ACH vs. Wire Transfers
ACH and wire transfers allow you to send or receive money from a checking account or a savings account. Wire transfers are faster than ACH transfers and can be completed within a few hours. However, wire transfers cost money, and the total fees depend on the financial institution.
Ent Credit Union charges a $25 fee for outgoing domestic wire transfers. It’s a bit more expensive for outgoing international wire transfers. That fee comes to $55 per transaction. While these fees are higher than other banks’ outgoing wire transfer fees, Ent Credit Union compensates for this by not charging any incoming wire transfer fees.
Luckily, wire transfers aren’t the only way to move money between bank accounts. You or the other party can also initiate an ACH transfer. The processing times for ACH transfers can last up to three business days. The main benefit of ACH transfers is that they are free from anywhere in the world. ACH transfers are the better choice in most scenarios. However, if you have an urgent need to send or receive money, a wire transfer is the better option.
Where Is a Routing Number on a Check?
You can find your bank’s routing number on the bottom left corner of your check. Every check lists your routing number, bank account number and check number, in that order. You can find this information on any Ent Credit Union check.
Where Else Can You Find Your Routing Number?
You don’t need your checkbook readily available to find a bank’s routing number. These are some of the other ways you can find a financial institution’s nine-digit number:
- Bank account statements: Each monthly bank account statement lists your bank account number, routing number and transactions that took place during the statement cycle.
- The bank’s website: This is usually the quickest way to discover your bank’s routing number. Many banks list the routing number in their FAQs or at the bottom of their websites. Ent Credit Union lists the routing number at the website’s header in the upper right corner. Ent Credit Union’s routing number is also listed in the Support section.
- Contact customer support: You can also speak with a representative and request the routing number. Many banks let you choose between phone, email and live chat. However, it’s often easier to search on the website for a minute to find the routing number.
Routing Number vs. SWIFT Codes
Consumers can use routing numbers and SWIFT codes to identify banks and credit unions. However, the key difference between these two numbers is when they get used. Routing numbers are for domestic money transfers, while SWIFT codes, also known as Bank Identification Codes, or BICs, are for international transfers. SWIFT codes are essentially the international version of a routing number.
Routing Number vs. IBANs
While routing numbers identify the bank, IBANs, which are short for International Bank Account Numbers, identify the individual rather than the financial institution. While routing numbers are still the primary choice for domestic money transfers, IBANs are gaining momentum in international markets, especially in Europe.
Why Do Some Banks Only Have One Routing Number?
It’s common for smaller financial institutions to only have one routing number. While financial institutions with thousands of locations, like Chase, tend to have regional routing numbers, Ent Credit Union doesn’t have as many branches. The credit union has a little less than 100 branches. Ent Credit Union’s focus on Colorado also doesn’t justify multiple routing numbers since its branches aren’t spread across the country.
When You Will Need Your Routing Number
You will need a routing number for any ACH or wire transfer. Employers will request your routing number and bank account number so they can send direct deposits. A routing number can also come in handy for growing your stock portfolio. Brokerage firms will request your bank account number and routing number before you can enable automatic investments into stocks, ETFs or mutual funds. If you have accounts with different banks, you may have to provide the routing numbers for each account to facilitate those transactions.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
