Fractional Routing Number Converter BETTER


Fractional Routing Number Converter BETTER





             

Fractional Routing Number Converter


when you deposit a check, the bank sends your deposit to the bank where you wrote the check. if the check is dishonored, your bank sends the bank on the check the amount of the check to process the check. if you don't have the original routing number, the bank uses the fractional routing number to match the original bank to your deposit.

the original routing number was your bank's unique identifier. fractional routing numbers are used to help match the original routing numbers with the bank that processed the check. when you deposit a check, the bank sends your deposit to the bank where you wrote the check. if the check is dishonored, your bank sends the bank on the check the amount of the check to process the check. when you present a check to a merchant, the merchant matches the check to your account. if the merchant doesn't have the original routing number, the merchant uses the fractional routing number to match the original bank.

matching checks is a valuable time-saving service to your merchant. your bank typically matches the check to the account for a fee. if your bank doesn't offer this service, you'll need to buy a check scanner. when you buy a check scanner, you assign the first three digits to identify your bank. the next three digits identify the account number of the person who sold you the check. the last three digits are the routing number.

when you buy a check scanner, the bank sends your scanner to the bank where you wrote the check. the scanner routes the check through the scanner's internal routing network. the scanner compares the check to the database of stored checks. when the scanner finds a match, the scanner sends the data of the check to the scanner's software. your scanner sends the data to your bank for processing.


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