A routing number is a nine-digit code that identifies your specific bank and division. Think of it as your bank's ZIP code—it along with your account number tells other financial institutions exactly where to send money. All customers at the same bank typically share the same routing number.

You'll find your routing number on the bottom left of your checks just before you account number, and you'll need it for direct deposits, automatic bill payments, wire transfers, and moving money between banks. Unlike your account number, routing numbers are public information that you can easily find online. Having both your routing and account numbers available makes managing your finances much smoother.