ABA Transit Number

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ABA Transit Number

A nine-digit code at the bottom of a check indicating the bank that issued the check. The ABA transit number is issued and published by the American Bankers Association. It is also called the routing transit number or the association number.
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By taking advantage of the shortened collection time imposed on the financial industry by the Expedited Funds Availability Act and by being imaginative with transit numbers, it is possible to conjure up huge balances that do not really exist anywhere but in the financial institution's records.
We have many grantees with very similar names, and if they happen to use the same bank, the transit numbers can look the same to a human scanner, with few clues to pick up the error before the funds are deposited.
To originate more accurate ACH payments, BankServ's Internet eCheck service now employs TFP's EPICWare filter to verify and modify, as appropriate, the ABA (American Bankers Association) routing and transit numbers and account structures.
Passengers who used the airport to transit numbered roughly 2.5 million.
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