American Bankers Association (ABA) has launched a new tool it hopes will help bankers and consumers alike: Routing Number Lookup.
The tool is very simple to use. Enter the routing number to search for bank names and locations, or enter bank name, city and state to retrieve the routing number. I took it for a test drive and here were the results.
I entered in a routing number and verified that I was not a robot. My search result came back with an error.
I, then, entered in the bank name and location. The bank name I entered wasn’t some official legal name, I just typed in a commonly used name. And I picked a city and state – address not required – where I knew the bank had a branch. The result was a solid list of branches of that bank in that zip code.
Conclusion: the system is not ready for prime time but it sort of works.
It is powered by Accuity, the UK-based technology solutions company that focuses on financial services.
About the Author: Marcus Maltempo is a compliance professional with more than a decade of experience helping banks, law firms and clients manage investigations and regulatory responses.