Q:

How many digits are in a checking account number?

A:

Although the number of digits in a checking account varies by bank, most use from nine to 12, according to U.S. Bank. Banks print the checking account number as the second set of digits in the series of magnetic numbers at the bottom left of the check.

The bank routing number and checking account direct the check through the banking clearinghouse that returns the instrument to the customer's bank. Citizen's Bank indicates financial institutions require these numbers when a checking account holder sets up direct deposits or electronic withdrawals using his checking account. The routing number is unique to the checking institution, while the account number is unique within the bank for the particular account.


Is this answer helpful?

Similar Questions

  • Q:

    How many digits are in a bank account number?

    A:

    According to Check Advantage, bank account numbers differ from bank to bank. A bank account number can contain up to 18 digits. The bank account number is located at the bottom of the check, immediately following the routing number, which identifies the bank within the financial system.

    Full Answer >
    Filed Under:
  • Q:

    What is a fiduciary bank account?

    A:

    A fiduciary bank account is a checking or savings account in which the funds are owned by an individual or group and managed by another individual or group for the benefit of the owner, according to the U.S. Department of Veterans Affairs. Fiduciary accounts assume that the party managing the account will look out for the best interests of the fund owners.

    Full Answer >
    Filed Under:
  • Q:

    What happens when your bank account is overdrawn?

    A:

    According to BALANCE, a financial fitness program, when a charge hits your bank account and there are insufficient funds to cover it, either your bank may refuse the charge or allow your account to go into a negative balance. If the bank allows an overdraft, it typically applies a charge for each item that overdraws the account, and these fees can stack up.

    Full Answer >
    Filed Under:
  • Q:

    How long can creditors freeze a bank account?

    A:

    Creditors can legally require a bank to freeze a bank account for a few weeks or until the debt is paid. Nolo explains that any funds that are in the account at the time of the levy are used to satisfy the debt, which can lead to bounced checks and additional bank fees. Bank garnishments that result in account freezes are activated when a creditor wins a court judgement.

    Full Answer >
    Filed Under:

Explore