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Routing numbers are 9-digit numbers that help to identify a bank from other financial institutions.
Equity Bank Routing Number
Equity Banks routing number is 101105354.
Every Equity Bank account has the same number, regardless of location.
You must also provide your bank account number for ACH andwire transfersto ensure the funds arrive in your account.
you could find this information at the bottom of your check.
However, there are other options for finding your banks routing number.
Customers can also reach out to a banks customer support team to ask about the routing number.
A representative can quickly let you know the banks routing number.
While those are good methods to find a banks routing number, the quickest path is the banks website.
Thats certainly the case for Equity Bank.
The financial institution lists its routing number at the footer of every page.
Scrolling to the bottom of Equity Banks website will display the routing number, copyright and other information.
Your employer will need your routing number to send direct deposits to your checking orsavings account.
Its also necessary for automated transfers, such as moving funds from your checking account to your brokerage account.
ACH transfers are slower and can take up to three business days to arrive in your bank account.
However, these transactions are free and are optimal for non-urgent expenses.
Wire transfers are quicker and are more suitable if you have to pay something right away.
Funds from a wire transfer can arrive in your account within a few hours, but theyre expensive.
Equity Bank has a manageable $10 fee for incoming domestic wire transfers.
The banks $20 fee for outgoing domestic wire transfers is average.
Thats why many people prefer ACH transfers, even though they take a little longer.
Routing Numbers vs.
SWIFT Codes for International Transfers
Routing numbers and SWIFT Codes help distinguish financial institutions from each other.
However, routing numbers are for domestic transactions, while Swift Codes are forinternational transactions.
Its common for small regional banks and online banks to have only one routing number instead of several.
FAQ
Information is accurate as of Sept. 24, 2024.
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