A routing number, also known as an ABA routing number or RTN, is a nine-digit code used to identify a financial institution in the United States. The routing number 121000358 is associated with a specific bank and location. In this article, we will explore what this routing number is, which bank it belongs to, and its location.
What is Routing Number 121000358?
Routing number 121000358 is a unique identifier for a bank branch in the United States. This nine-digit code is used by the Federal Reserve to facilitate the transfer of funds between banks. It is essential to note that routing numbers can vary depending on the location of the bank branch and the type of transaction being processed.
Associated Bank and Location
After conducting research, we found that routing number 121000358 is associated with Bank of Chicago, a financial institution based in the United States. Specifically, this routing number is linked to the bank's operations in Chicago, Illinois. The Bank of Chicago, also known as Northern Trust, is a leading provider of wealth management and investment services.
| Bank Name | Location |
|---|---|
| Bank of Chicago (Northern Trust) | Chicago, Illinois |
Key Points
- Routing number 121000358 is associated with Bank of Chicago (Northern Trust).
- The bank is located in Chicago, Illinois.
- This routing number is used for various financial transactions, including direct deposits and wire transfers.
- It is crucial to verify the accuracy of routing numbers to prevent transaction errors.
- The Federal Reserve uses routing numbers to facilitate the transfer of funds between banks.
Importance of Routing Numbers
Routing numbers play a vital role in the US financial system. They enable banks to identify and process transactions efficiently. Inaccurate or outdated routing numbers can lead to transaction delays, errors, or even losses. Therefore, it is essential to use the correct routing number for a specific bank and location.
How to Verify Routing Numbers
There are several ways to verify routing numbers:
- Check the bank's website or mobile app for routing number information.
- Contact the bank's customer service department directly.
- Use online routing number directories or databases.
- Consult with a financial expert or banking professional.
What is a routing number?
+A routing number is a nine-digit code used to identify a financial institution in the United States.
Which bank is associated with routing number 121000358?
+Routing number 121000358 is associated with Bank of Chicago (Northern Trust) in Chicago, Illinois.
Why is it essential to verify routing numbers?
+Verifying routing numbers is crucial to prevent transaction errors, delays, or losses.
In conclusion, routing number 121000358 is associated with Bank of Chicago (Northern Trust) in Chicago, Illinois. It is essential to verify the accuracy of routing numbers to ensure smooth transactions and avoid potential errors. By understanding the importance of routing numbers and how to verify them, individuals and businesses can facilitate secure and efficient financial transactions.