Its mortgage and other services extend to all states in the United States. (AIAC), which provides life, health, accident, and annuity insurance. Other services Ībacus has a wholly owned insurance subsidiary, the Abacus Insurance Agency Corp. The bank has locations in New York, New Jersey, and Pennsylvania. The aggressive prosecution of Abacus, in contrast to the relatively lenient treatment received by the large banks, was questioned and criticized by various media outlets.Ī documentary about the prosecution and exoneration of Abacus, Abacus: Small Enough to Jail, was nominated for the 2018 Academy Award for Best Documentary Feature. bank prosecuted in relation to the 2008 financial crisis it was exonerated of all charges following a jury trial in 2015. To complete a wire transfer, the sender must provide his bank name and account number of the recipient, the receiving account number, the city and state of the receiving bank and the bank's routing number.Abacus Federal Savings Bank ( Chinese: 國寶銀行) is an American bank founded in December 1984 by a group of business leaders from the Chinese American community in New York City.Ībacus was the only U.S. It is used for domestic or international transactions in which no cash or check exchange is involved, but the account balance is directly debited electronically and the funds are transferred to another account in real time. ACH Routing Numbers are used for direct deposit of payroll, dividends, annuities, monthly payments and collections, federal and state tax payments etc.įedwire Routing Number: Fedwire Transfer service is the fastest method for transferring funds between business account and other bank accounts. The last number is called as a check digit number which is a confirmation number. The next four numbers identify the specific bank. The first four digits identify the Federal Reserve district where the bank is located. ACH routing number is a nine digit number. Banks offer ACH services for businesses who want to collect funds and make payments electronically in batches through the national ACH network. ACH helps to improves payment processing efficiency and accuracy, and reduce expenses. This routing number is used for electronic financial transactions in the United States. Routing numbers may differ depending on where your account was opened and the type of transaction made.Įach routing number is unique to a particular bank, large banks may have more than one routing number for different states.ĪCH Routing Number: ACH Routing Number stands for Automated Clearing House (ACH). This number identifies the financial institution upon which a payment is drawn. The ABA routing number is a 9-digit identification number assigned to financial institutions by The American Bankers Association (ABA). This unique NUMBER is assigned by the FDIC and is used to identify institutions and for the issuance of insurance certificates by FDIC.ĪBA Routing Number: Routing numbers are also referred to as "Check Routing Numbers", "ABA Numbers", or "Routing Transit Numbers" (RTN). The FDIC Certificate Number for Philadelphia Branch office of Abacus Federal Savings Bank in Philadelphia, PA is 32257. This unique identifier for Abacus Federal Savings Bank is 762773.įDIC CERT #: The certificate number assigned to an institution for deposit insurance. RSSD: The unique number assigned by the Federal Reserve Board (FRB) to the top regulatory bank holding company. This total does not include off-balance-sheet accounts. Total Assets: The sum of all assets owned by the institution including cash, loans, securities, bank premises and other assets. You can find the routing number for Abacus Federal Savings Bank in Pennsylvania here. Usually all banks have different routing numbers for each state in the US. Routing numbers differ for checking and savings accounts, prepaid cards, IRAs, lines of credit, and wire transfers. Routing numbers are also known as banking routing numbers, routing transit numbers, RTNs, ABA numbers, and sometimes SWIFT codes (although these are quite different from routing numbers as SWIFT codes are solely used for international wire transfers while routing numbers are used for domestic transfers). A routing number is a 9 digit code for identifying a financial institute for the purpose of routing of checks (cheques), fund transfers, direct deposits, e-payments, online payments, etc.
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