Agriculture private equity
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Mis-routings to an incorrect bank are thus greatly reduced. Providing the recipient's routing and account numbers allows the payment processor to route the funds to the correct bank and account. If you ever wondered whether the same bank or financial institution can have multiple ABA Routing Numbers, the answer is yes. No account opening fee, no initial deposit. Whether you need to initiate transfers, set up direct deposits, make online payments, or verify the legitimacy of recipients, knowing your bank's Routing Number is essential.