ELI5: Explain Like I'm 5

ABA routing transit number

When you want to send money from one bank to another bank, you need to make sure you share the correct identification numbers for both banks. ABARouting Transit Number is like a special code that every bank in the United States has. It tells the other bank your bank's location and helps to make sure the money goes to the right place.

It's like when you play with blocks and you have to match the shapes to make a tower. The ABA routing transit number is like the shape that matches exactly with your bank, so the money can be sent safely and securely. It's important to remember that you need to have the correct routing number for your bank, so the money is sent to the right place.