Routing numbers come into play when you transfer money between banks. They basically let banks identify each other, so they know where to deposit funds. You might also need a routing number if you’re trying to set up recurring payments or making one-time payments. Keep reading to learn what First Republic Bank’s routing number is.
First Republic Bank Routing Number
First Republic Bank only uses one routing number.
|First Republic Bank Routing Number|
This is the routing number you’ll use for banking transactions, such as wire transfers, automated clearing house transactions and ordering checks.
What Is a Routing Number?
A routing number is basically a bank identifier. These nine digits identify the banks they’re assigned to when those banks are involved in some sort of money transfer. The number confirms that a state or federal government charters the bank and that the bank has a Federal Reserve account.
Historically, routing numbers have been used for more than a century, although they previously existed in a diminished capacity. The American Bankers Association only used routing numbers to identify check processing endpoints. Nowadays, routing numbers serve a variety of needs, such as check ordering, online bill pay and, of course, wire transfers.
Can Banks Have Multiple Routing Numbers?
Yes, banks can and do use multiple routing numbers. First Republic Bank only has one routing number for its customers in all states, versus bigger banks like Wells Fargo and Citibank, which have different routing numbers depending on the state customers live in.
How Do You Find a Routing Number on a Check?
You can find the routing number on your check by looking in the bottom-left corner of the check. It’s the first string of numbers followed by your bank account number. Don’t confuse the routing number with your account number — remember that the account number is 10 to 12 digits, and the routing number is only nine.
Now Learn: How To Write a Check in 6 Easy Steps
What Is the Routing Number for International Transfers?
Instead of routing numbers, banks use SWIFT codes for international wire transfers.
|First Republic Bank SWIFT Code|
SWIFT codes function like routing numbers in that banks use them to identify the other party involved in a transaction.