Money, sales tax and addresses · A term for founders abroad
What is a routing number?
The nine-digit number that identifies a US bank for ACH and wire transfers; given with the account number so US clients can pay you.
Checked against the IRS's instructions and the states' own rules. Reviewed by Saais Patel, compliance reviewer.
Term 85 of 105 in the glossary, filed under R.Every term, A to Z
Routing number, for a founder abroad.
A routing number, also called an ABA number, identifies the bank behind an account. Together with the account number, it's everything a US client needs to pay your company by ACH. Fintechs such as Mercury give you their partner bank's routing number.
Some banks use a different routing number for wires than for ACH, so copy both from the bank's own account details page. Payments from outside the US need a SWIFT code instead.
Read next · guide · 3 minGetting paid by US clients through a US LLC: invoices, the tax form, and the railsWhat founders ask next.
- Where do I find my company's routing number?
- On your bank's account details page, next to the account number, and sometimes separately for wires.
03 · See also
- Money, sales tax and addressesACHThe US network for bank-to-bank transfers inside the US, usually arriving in one to two business days, and how most US clients pay suppliers.Read the term
- Money, sales tax and addressesSWIFT codeThe 8- or 11-character code that identifies a bank for international wires; what a payer outside the US needs to send dollars to your US account.Read the term
- Money, sales tax and addressesNexusThe link with a state that obliges a seller to collect its sales tax, created by a presence there or by sales above the state's threshold.Read the term
- Money, sales tax and addressesEconomic nexusSales into a state above its threshold, usually $100,000 a year, which makes a seller elsewhere collect that state's sales tax with no presence there.Read the term
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