If you want to reach a certain place then you have to find a route for it. Bank routing numbers work in a similar way. By recognising particular financial institutions like banks, routing numbers make sure that where funds are getting from and going to. Routing numbers easily serve the facility to transfers across the whole world each and every day. In this following article we are going to discuss Synovus Bank’s routing number,how to use it, where we can find it etc.
Synovus Bank Routing Number
Synovus has only one routing number, which you’ll use for domestic wire transfers. Here’s the info on Synovus Routing Number: 061100606
What Is a Routing Number?
A routing number is made up of nine digit code that is used by the banks to identify each other during wire transfers safely. Routing numbers are also commonly called as ABA numbers, where ABA stands for American Bankers Association.
The American Bankers Association had discovered routing numbers more than a century ago. At first, they were only used to recognize the last processing point of checks but eventually expanded to cover a number of things like online payments.
Can Banks Have Multiple Routing Numbers?
Yes, banks can have multiple routing numbers. Usually bigger banks have many routing numbers. Banks like Wells Fargo and Citibank, have many routing numbers for different states and each routing number is different from each other.
What Is the Routing Number for International Transfers?
For any international transactions, Banks use SWIFT codes in place of routing numbers to recognize each other. Here’s the SWIFT code for Synovus
Synovus Bank SWIFT Code: FICOUS44
One thing to know is that Synovus Bank uses Bank of America as its main correspondent bank ,and it is completely dependent on the currency being transferred. A correspondent bank works as a mediator at the time of transfer of funds between two banks.
For currency of the U.S., the swift code for the mediator bank is BOFAUS33. For a complete list, contact Synovus Bank at 888-796-6887. Don’t miss out! Check our previously published article on Your Webster Bank Routing Number.
Which Synovus routing number should you use?
The Synovus routing number that you should use during your transaction depends on the state in which you had opened your account and the type of transaction you are going to do. Each State has its unique routing number.
How to find Synovus Bank’s routing number
Check Your Checkbook: Your routing number is present on the corner of the lower -left of your check issued by the bank followed by your account number. Keep in mind that a routing number consists of 9 digits and account numbers contains between ten and twelve digits.
Online Banking: If you use the online app of Synovus Bank, then sign in into your account. You can usually find your routing number on your account page or under the account information area.
Bank Statements: you can also check your routing number on your monthly cycle of bank statements from Synovus Bank. It’s mainly present on the very first page of the bank statement.
Synovus Bank Website: go to the official website of Synovus Bank. They provide you a routing number lookup tool or have a column where this detail is easily available for their users.
Contact Customer Service: If you’re facing a problem while searching for your routing number through these above-mentioned ways, you can then contact Synovus Bank’s customer service and ask them. Have you seen it yet? Check our previously published article on Umpqua Bank Routing Number.
ACH vs Wire transfers
Confused about ACH transfers and wire transfers? Both methods electronically move money, but they differ in speed and cost.
ACH stands for Automated Clearing House transfers, which enables you to send a check digitally. They take some working days to fulfill as they go via a central network for the verification purpose. The upside? They’re generally free or very low-cost. Perfect for regular bill payments or direct deposits.
Wire transfers, on the other hand, are speedier. They dart directly between banks, frequently on the same working day, sometimes even immediately. Looking for more insights? Check our previously published article on Axos Bank Routing Number.
Frequently Asked Questions
The limit of withdrawal for ATMs of Synovus Bank changes depending upon the type of account and the banking transactions of the customer and his/ her banking relationship with the bank. Usually, banks set daily ATM withdrawal limits for security purposes and manage fund accessibility. To know the limit of withdrawal for your Synovus account, then contact directly with the bank or check your account terms and conditions.
Actually ,Debit cards and Credit cards don’t use routing numbers. The financial institution like banks relates or link your ATM debit card to your bank account through its banking system.
Conclusion
Routing numbers work as a unique recognizer for financial institutions such as banks. Nowadays ,the work of routing numbers has become very important with the increase of paper check processing. The use of routing numbers made it simpler to identify which banks were issuing payments on checks, streamlining the transaction process.
The routing number system played a crucial role in ensuring accurate and efficient financial transactions. This improved the efficiency and accuracy of financial transactions, especially when paper checks were the primary non-cash payment method.