The most basic use of routing numbers comes when we transfer money between two banks. They essentially help banks to recognize each other, so they know where to credit money securely. Also, routing numbers are important during setting up recurring bill payments or making any payment. Keep reading to learn the routing number for Valley National Bank.
Valley National Bank Routing Number
As we know, the large banks have multiple routing numbers. But in the case of Valley National Bank, it has only one routing number, 021201383. This is because Valley National Bank is a small bank. This routing number is used for banking transactions, like wire transfers, automated clearing house transactions and ordering checks.
What Is a Routing Number?
Routing number used during setting up money wires or transactions and making payments to and from your Valley National account.
A routing number is a code that banks use to recognize each other during any transaction between them securely. Routing numbers made up of nine digits code that consists of some details to validate the identities of the financial institutions such as banks involved in that banking transactions.
The American Bankers Association firstly launched these routing numbers in 1910. When routing numbers were first discovered they were only used to recognize check processing endpoints initially, but at present times, the routing number provides various services such as routing your pay when you sign up for direct deposit. Don’t miss out! Check our previously published article on Your Synovus Bank Routing Number.
Can Banks Have Multiple Routing Numbers?
Yes, larger banks use multiple routing numbers depending upon the states. Large Banks such as Wells Fargo and Citibank use multiple routing numbers. Each state has different routing numbers that can perform different functions.
How Do You Search a Routing Number on a Check?
Usually the routing number is present on the bottom left corner of the check followed by the account number. Routing number consists of nine digits while the account number consists of ten to twelve digits, so don’t get confused between them.
How to find your Valley National Bank routing number
Log into Online Banking: To find Valley National Bank routing number, start by opening your Valley National Bank online banking account present on your mobile device.
Check Your Account: After signing in, visit the account overview page where you can see all your account information.
Access Account Details: After that, choose the account that you wish to check the routing number for. The type of account is checking, savings, or any other kind of account.
Locate Account Information: Under the section of your account information, check for a section marked as ‘Account Information’. You can see your Valley National Bank routing number here.
Note Your Routing Number: The routing number for Valley National Bank is typically a 9-digit number. This is essential for transactions such as wire transfers, direct deposits, and setting up automatic payments.
Verify for Accuracy: Always double-check the routing number to ensure it is correct. This prevents any errors in your financial transactions.
Take assistance in case of any query: If you are facing any problem or queries, you can contact Valley National Bank customer service and tell your problem, they will help you in solving your queries. Have you seen it yet? Check our previously published article on Webster Bank Routing Number.
What Is the Routing Number for International Transfers?
In case of doing international transactions, Banks use SWIFT codes. The Valley National Bank SWIFT Code is MBNYUS33.
SWIFT codes work like the routing numbers do. They both used to recognize financial institutions like banks during specific transactions. But the main difference between them is that the routing number used during domestic transactions but SWIFT codes are used in international transactions. For example, every bank in the U.S. will have “US” somewhere in its SWIFT code.
ACH vs Wire transfers
Confused about ACH transfers and wire transfers? Both are used in moving money electronically, but they had a difference between them because of 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 sprint directly between banks, often on the same day of working, sometimes even sooner. Have you seen it yet? Check our previously published article on Umpqua Bank Routing Number.
Frequently Asked Questions
During transactions across the same country, Valley National Bank takes only one business day. But in international transactions, they take up to two to five working days.
Valley National Bank presents business customers the potential to plan regular wire transfers, which is specifically helpful for managing happening international transactions or payment services.
Conclusion
So, basically we can say that Valley National Bank has only one routing number which is used to recognize banks during financial transactions. Also, if you want to do transactions outside the country, you have to use the SWIFT code of Valley National Bank. Also know: First Republic Bank Routing Number.