Bank of America History
Did you know that Bank of America got its start in a former saloon? The name Bank of America first came about in 1923 in California. Before that, it has been known as “Bank of Italy.” Amadeo Giannini was a prominent Italian American in San Francisco at a time where Italian immigrants struggled to find their place in the United States. Amadeo Giannini founded the bank to provide banking services, like loans, to immigrants, farmers, and middle-class Americans who needed them but were being denied service at other major financial institutions.
They are known for a long history of acquiring other banks, which has been part of their expansion process. These days, they are known for making advances in services like mobile banking.
Many of these services that make their customers’ lives so much easier, like direct depositing your paycheck into your account for you, require that you know your routing number to set them up. While Bank of America can be a little trickier than some other banks when it comes to an understanding your routing number, it is still reasonably easy to figure out.
Finding Your Bank of America Routing Number
When you open a checking account with Bank of America, your mind is assigned two different numbers. One is your account number. The other is your routing number.
Even people who keep their banking habits simple have reason to know these numbers. You will need your routing number when you go to perform a variety of banking tasks, such as direct deposit, automatic bill payments, wire transfers, and ordering new checks.
Routing numbers are sometimes also known as an American Bankers Association (ABA) number, or as a routing transit number. They are comprised of nine digits. They function as a way for your bank, or credit union, to send and receive money from other banks. The routing number tells them where to send the money to.
Financial institutions began using routing numbers instead of official bank names because bank names are often so similar. It would be easy to mistakenly send money to an account at American Bank instead of Bank of America without the use of these nine-digit routing numbers to make things simple.
While most banks have only one routing number, Bank of America does things differently. Your routing number is determined by the physical location of where you initially started your account. So if you live in Lincoln, Nebraska, but you opened your account when you lived in San Francisco, your Bank of America routing number will be for San Francisco.
In some states, the routing number covers the entire state. For others, it includes a region. Illinois, for example, has been broken into areas with four different routing numbers.
If you’re performing a wire transfer, there is luckily only one routing number for that task. The number for Bank of America wire transfers is 026009593.
There are a variety of ways you can find your BofA routing number.
If you have a checkbook, the routing number is printed on the bottom of your checks. There are a few different numbers listed there. The routing number is the first number printed on the bottom left side of the check. Remember, it will be nine digits long.
Your account number will be the next set of numbers on the check. Anytime you need to use your routing number; you will probably also need your account number. There will also likely be the third number; this is the check number. If you flip through the book, you will see the check number is unique to each check. This number is assigned to each check in your book to help you keep track.
If you don’t have your checkbook, you can always visit a Bank of America branch and speak to a teller. They will easily be able to give you all the numbers you need.
You also have the option of calling Bank of America. You can phone your local branch and they will be able to help you. Alternatively, you can call their toll free nationwide number for customer support at 1-800-432-1000.