Routing numbers are what financial institutes use to verify one another when transferring money. Commerce Bank offers their customers several different money transfers to pick from. Normally, people use wire transfers almost all the time, so knowing your banks routing number is important. Read below for more information on what it is and where to find it.
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Routing Number 101
A routing number is a nine-digit code that helps banks and credit unions identify each other. Normally, it shows where you opened your account and where your bank is located. There are many instances where you’ll need to know your financial institutes routing number. When you need to pay a bill online or over the phone, set up a recurring payment, or even processing checks. All of these require you to provide the right code to be able to move forward in the process.
Banks and credit unions have been using routing numbers since 1910. The American Bankers Association (ABA) originally created this code to see where checks were processed. However, over the years, the role that this nine-digit code plays has widened.
Where to Find It
Typically, you’ll be able to find this number on the back of a check, online, or by contacting your financial institute. If you’re looking at a check, it will be found at the bottom left corner next to your account number. However, if you don’t have one to look at don’t fret. You’ll be able to go to your banks website and it will most likely provide their code for you. Or, you can call customer support if all else fails.
Be sure that you have the right number before you send your money. If you do not have the right code, the transaction may be delayed, sent to the wrong place, or declined. Commerce Bank‘s Routing Number is: 101000019. This is the number that you’ll use when you make wire transfers with Commerce Bank and other financial institutes.
Multiple Routing Numbers
It is possible for a bank or credit union to own more than one routing number, so keep an eye out for that. For example, bigger banks like Wells Fargo and Citibank have multiple codes to suit the many different states they are located in. Part of this is because of size and from other institutes the bank can merge with. In other words, having more than one routing number will make it much simpler for their customers.
However, if you want to make an international transfer, it’s similar to making a normal wire transfer. The only difference is that you’ll be sing a SWIFT code rather than a routing number. A SWIFT code operates the same way as the routing number, just for international purposes. Commerce Bank‘s SWIFT Code is: CBKCUS44.
Conclusion
Everyone moves money around from bank account to bank account. So knowing what your banks specific routing number is highly required to make a smooth transaction. In other words, once you provide this code, you’ll be ensured that your money will make it to the right place majority of the time. Keep in mind that you need to give them the right number to be able to send money to a different spot. Fortunately, Commerce Bank has two numbers to know that’s provided in this article.
