The bank routing number 067092886 belongs to Customers Bank in Connecticut. This specific routing number is essential for facilitating various electronic financial transactions.
Understanding Routing Numbers
A routing number, also known as an ABA routing transit number (RTN), is a nine-digit code used by financial institutions in the United States to identify specific banks and credit unions. Its primary purpose is to ensure that funds are transferred to the correct institution during transactions such as:
- Direct Deposits: For paychecks, government benefits, or tax refunds.
- Automatic Bill Payments: Setting up recurring payments from your bank account to service providers.
- Wire Transfers: Sending or receiving money quickly, both domestically and sometimes internationally (often in conjunction with SWIFT/BIC codes for international transfers).
- ACH Transfers: Automated Clearing House transactions, which encompass electronic funds transfers (EFTs) like direct deposit and direct debit.
Each financial institution can have multiple routing numbers, often tied to different regions or types of transactions (e.g., one for specific branches or one for wire transfers versus standard ACH transactions).
Details for Routing Number 067092886
The routing number 067092886 is specifically assigned to Customers Bank located in Connecticut. This particular routing number supports both ACH (Automated Clearing House) and Wire transfers, making it versatile for a wide range of electronic banking needs.
| Routing Number | Bank Name | Location (State) | Supported Transactions |
|---|---|---|---|
| 067092886 | Customers Bank | Connecticut (CT) | ACH, Wire Transfers |
Importance of Using the Correct Routing Number
Accuracy is paramount when dealing with routing numbers. Using an incorrect routing number can lead to several issues, including:
- Transaction Delays: Your payment or deposit may be held up or require manual intervention to correct.
- Funds Being Sent to the Wrong Account: While rare, if the incorrect routing number corresponds to another valid bank or account, funds could be misdirected.
- Returned Payments: The transaction may be rejected by the bank, potentially incurring fees from your financial institution or the recipient's.
Always verify the routing number with your bank or the recipient to ensure a smooth and secure transaction. You can typically find your bank's routing number on their official website, within your online banking portal, on your mobile banking app, or on the bottom left of your checks.
