Location Routing Number

Hey there kiddo, do you know what a location routing number is? It's like an address for banks.

So, imagine you want to send a letter to your friend, but you don't know where they live. You need to find out their address first, right? That's what a location routing number does for banks. When one bank needs to send money to another bank, they use the location routing number to find the right address for the money to go to.

In more grown-up terms, when a bank needs to process a payment or transfer from one account to another, they need to know which bank the money is going to, and where that bank is located. The location routing number helps to identify and route the transaction to the right bank.

So, the location routing number is like a special code that's unique to each bank. It helps to make sure that the right money goes to the right bank without getting lost along the way. Pretty clever, huh?