Just as any other bank Wells Fargo also has an ABA Routing number. Wells Fargo is well established financial institute whose history started more than 160 year ago. Wells Fargo was founded on 8th March 1852 by Henry Wells and William Fargo. In the beginning it offered its services in the form of buying and selling gold and rapid delivery of valuable items.
These valuable items were taken across the American West by a six-horse stagecoach, which is now the prominent symbol of the company. These stagecoaches had a dark green Treasure Box which held the items and were guarded by Wells Fargo’s short gun messengers.
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What is ABA Routing Number?
It is a 9 digit code which appears at the bottom of check, draft or other negotiable instruments. It is issued by American Bank Association or ABA to any financial institute to identify form where it belongs. In this case the Wells Fargo. No two banks can have the same routing number.
Wells Fargo was just a delivery company which after 1869 expanded its network through railroad. It connected over 2500 communities in 25 states. Wells Fargo did not have any Routing number till then but as it gained popularity in the 1920s, Wells Fargo become an independent commercial bank in San Francisco and thus gained its Routing Number form ABA.
Why is it important to have Wells Fargo Routing Number?
In the 1900s bank made transaction without any Routing Numbers so they didn’t know whether the bank or the person making the transaction is a fraud or a genuine person. Even after that people used forged check with changing routing number to cash checks.
ABA instructed Wells Fargo to introduce electronic checking cash network. In this the banks were able to make electronic copies of transactions rather than paper copies. This not only boosted the process but also decreased the risk of check forgery.
But now Wells Fargo has developed the Routing Numbers in such a way that no one can forge checks and claim the identity of another. Routing numbers can be used to identify the location of your Wells Fargo branch in which your account has been opened. Now transactions between banks can be more safe and fraud free. Banks can identify the branch and bank by simply looking at the routing number on check issued by Wells Fargo.
Where will you find ABA Routing Number on Wells Fargo?
As in the 1960s the electronic checking cash network was introduced, Wells Fargo had established many branches in California and had become its regional bank. Because of the check forgery scams Wells Fargo tried to educate the people about the Routing Numbers on the checks, so that they might know where to find Routing Numbers.
Everyday millions of people cash checks or make deposits. When they are filling a check they don’t bother to take a look at the 9 digits at the bottom left of the checks. Let us look at what these numbers represent on Wells Fargo’s check.
The first 4 digits are the Federal Reserve identifier, the first two digits represent the district and the other two the branch number.
Second 4 numbers are associated with your bank identification, here Wells Fargo.
And the last number is the negotiable instrument identifier; the number is different for every negotiable instrument.
The Routing Number in a business check comes in the middle.
The Use of Magnetic Ink:
Before the 1940s checks were processed manually and the ink used was ordinary one. But when con artists started forging checks, the ABA stood up to make some changes in the to make the check processing safe. So it introduced magnetic ink. This ink was not any ordinary ink; it could not be erased, smudged or tempered with. The very first magnetic ink check was issued in 1959.
Like other banks Wells Fargo also started using this technology for Routing Numbers to make its banking more safe and continent for its customers.
How to find Wells Fargo’s Routing Number?
Wells Fargo is now an established bank and financial institute which helps people in their retirement. They can plan their retirement program; manage the money and the basic requirements for applying for a retirement program. But if you don’t remember your Wells Fargo Routing number then how will you live out your retirement?
There are several simple ways by which you can find the Wells Fargo Routing Number:
- You can visit the Wells Fargo website and on the personal tab click the banking option. In the popular link section hit the Routing Number. On the next page you need to check some information that will ultimately lead you to the Routing number.
- Online Login is also one option. You need to first sign on through online. Then enroll yourself and open an account. When you will make transactions through your online account then you can have access to Wells Fargo Routing Number. You can find the Routing Number on the account details page.
- Wells Fargo has introduced Mobile Apps for the customers so that they might feel easy in handling their accounts from anywhere they want. Wells Fargo gives three downloading options; Google Play Store, Apple App Store and Amazon App.
- Wells Fargo checks are the easiest way of finding the Routing Number. The customer has to look at the bottom left corner of the check to find 9 digit code.
- Sometimes Wells Fargo types the Routing Numbers on the bank statements that it sends to its customers. At other circumstances the account number has the routing number in it.
- Use any search engine to type “find Wells Fargo Routing Number” and numerous websites will be there to help you guide in this matter.
If you’re still confuse, you can visit http://allroutingnumber.com to find the RTN of the state you’re looking for.
How is SWIFT different form Routing Number?
SWIFT which stands for Society for Worldwide Interbank Financial Telecommunications, is a system which transfers money internationally form on bank to another. Over 10,800 banks and companies are members of SWIFT. SWIFT codes are 8-11 alphanumeric identifiers which are constructed by using; a bank or institution code, a country code, a location code, and a branch code.
On the other hand a Routing Number of Wells Fargo is the local US system of banking. This a 9 digit code used for banking transactions inside the US. Generally the Routing Number is printed at the bottom left side of the check or other negotiable instruments.
When you are trying to boost up your business and you apply for small business loan through Wells Fargo. Your client will only check for the Wells Fargo Routing Number on the check you will give him if you are doing business locally.
ACH Routing Numbers verses ABA Routing Numbers:
ACH Routing Numbers or Automated Clearing House routing numbers are almost same as ABA Routing Numbers but there is some difference between them. ACH routing numbers are unique so they can only be identified by the financial institute receiving it.
Wells Fargo Routing number can be many but ACH routing number will be only one. ACH routing numbers are used for electronic transfers but Wells Fargo Routing Number is for paper and checks. The first two digits of Wells Fargo Routing Number can range from 00-32, whereas, ACH routing numbers range from 61-72.
Wells Fargo has many branches scattered all over the US, so it has multiple Routing Numbers. So you need to make sure that if you are applying for a loan to renovate your house then use the correct Routing Number of the Wells Fargo branch.
How is an account number different from Wells Fargo Routing Number?
A bank account is 8-10 digit code which is an identification of your account, whereas, the Routing Number is simply the digital address of the bank. If you have multiple accounts in the same bank then Routing Number will be same but the account numbers will be different.
Both account number and Routing Number are located at the bottom left of the check. The first series of digits is the Routing Number and the other is the account number. Both are embedded with magnetic ink so that the processing equipment in the bank can read it.
Whenever you receive a check from Wells Fargo make sure to check the Routing Number and also the account number. At many times the imposters can trick you by forging the account number and it will be very inconvenient for you.
Validate Routing Number of the bank:
When you acquire a check or draft form someone stranger to you, you need to check the validity of the bank form which it is send. Although Wells Fargo is a well reputed bank and has a valid Routing Number, but Wells Fargo wants the customers to be aware of the imposters that are all around. So by using the following ways you can check if the Routing Number is true or false.
You can go to any website the facility of checking the Routing Number of the bank. Enter the number and click “submit”. In a few moments you will know the truth.
By using Checksum Algorithm the validity of the Routing Number can be checked. Whatever your Routing Number is; multiply 1st, 4th and 7th number by 3, 2nd, 5th and 8th by 7 and 3rd, 6th and 9th digit by 7. If the total can be divided by 10 then the Routing Number is valid.
There are several apps on Google Play Store, Apple App Store and Amazon App to check, validate and find Routing Numbers.
Why is verification of Wells Fargo Routing Numbers important?
You must have noticed that when you give a check to Wells Fargo they take time to verify the check, put the check through a machine and also check via computer. They do all this to validate the Routing Number of Wells Fargo.
Have you ever thought why going through all this fuss? The main reason is to eliminate any chance of fraud or error. If the check holder has a forged check then it will be determined by the Routing Number.
Other reasons include the smooth running of the banking transactions. If the Routing Number is correct then the process will proceed without any hindrance.
For inter bank transactions it is most important that one should verify the validity of Wells Fargo Routing Number as a wrong number will affect the good will of the person in front of Wells Fargo.
Different Routing Numbers for Wells Fargo:
As discussed earlier that Wells Fargo has many branches and a wide spread business so it has different Routing Numbers. These Routing Numbers depend upon many different factors. These Routing Numbers are different in many ways.
Wells Fargo Routing Numbers depend on the area in the city where you live or where you have opened your Wells Fargo account. Each state and region has its own Routing Number so the number will be according to that place.
The mode of transaction can also affect the Wells Fargo Routing Number. For every transaction there is a different Routing Number of Wells Fargo. Routing Numbers for Wire transfer locally is different than if money is transferred internationally.
Different Routing Numbers are issued by Wells Fargo for various cards like; postpaid cards, easy pay cards and others included.
If many individuals have opened an account in the same branch of Wells Fargo then the Routing Number issued to them will be the same, whereas, the account numbers will be totally different from each other.
In the days of the California Gold Rush in 1848, Henry Wells and William Fargo took keen interest in the economy of California. They both were very far sighted as they knew that safe transportation of gold will be a necessity. So they founded Wells Fargo.
Now Wells Fargo is the 3rd largest bank in the US and it is gaining popularity has given the bank more opportunities to open new branches across the US. And the demand of Routing Number is growing day by day as Wells Fargo would need more Routing Numbers for its new branches.