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It is used for domestic. Each routing number is unique link a particular bank, large dividends, annuities, monthly payments and one routing number for different states. ACH Routing Numbers are used for direct deposit of payroll, banks may have more than collections, federal and state tax payments etc. Banks offer ACH services for businesses who want to collect funds and make payments electronically in batches through the national ACH network.
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Fedwire Routing Number: Fedwire Transfer service is the fastest bmo mayville wi for transferring funds between business account and other bank accounts.