Routing numbers are a crucial component of the financial ecosystem. Banks use these numbers to identify other banks during wire transfers, which help them process funds. Using the wrong routing number can mean your funds go to the wrong account. Many people use routing numbers, for example, to get their tax refunds.
This guide will explain what you need to know to use your Zions Bank routing number to transfer funds to or from your account.
Your Zions Bank Routing Number
For Zions Bank, the routing number is 124000054.
When you’re setting up a wire transfer between a Zions Bank account and another bank, you’ll use 124000054 to identify Zions as either the source or destination of funds.
What Is a Routing Number?
A routing number is a nine-digit code that identifies a bank for the purpose of transferring funds between financial institutions. Another way to think about it is that banks use routing numbers to “talk” to each other. The American Association of Bankers came up with this concept in the early 1900s, which is why you also see routing numbers referenced as ABA numbers.
Can Banks Have Multiple Routing Numbers?
Yes, larger banks, such as Wells Fargo, have multiple routing numbers. These different numbers are usually broken down by region. It’s still important to know which routing number to use, as banks will use that number to confirm which bank holds your account. In that sense, having a smaller bank like Zions simplifies the process in that you just need to know the one number.
How Do You Find a Routing Number on a Check?
Your bank’s routing number can be found in the lower left-hand corner of your check. The number is displayed using magnetic ink character recognition encoding, which helps banks process the check faster. The routing number is usually displayed alongside your personal account number.
What Is the Routing Number for International Transfers?
Banks executing an international wire transfer use SWIFT codes, which is short for Society of Worldwide Interbank Financial Telecommunication. Also known as Bank Identifier Codes, these number-letter combinations function the same way as routing numbers but on a worldwide scale.
Below is the Zions Bank SWIFT code:
|Zions Bank SWIFT Code|
Using routing numbers is fairly straightforward. When setting up a transfer, you’ll need both banks’ routing number information to ensure the funds are deposited to the correct account.
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