I was having a discussion with Tony about the long string on numbers at the bottom of our checks. I knew that some part of it was the account number, but wasn't exactly sure about the rest. It turns out the collection is very logical.
The second set of numbers is the account number, and the third set is the individual check number.
After we figured that out, we moved on to a related question: why is the first set of numbers on the deposit slip different from the one on the check if it's going to the same account? It turns out that question has a logical answer, too. If a bank has a dedicated location that only process deposits, it will have a different routing number.
Now I know.
I knew this but only because I worked at a company that did catalog sales. People would often pay this way!
ReplyDeleteMy mum is a former bank manager/current financial adviser - I've known these code since I was little. Everyone thought I was a supergeek for knowing...
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