Bank Code Verified

111922527, Routing Number for CITY NATIONAL BANK, SULPHUR SPRINGS, TX

Routing Number: 111922527 (Please note that this number is no longer in service. Kindly refer to the new Routing Number provided below)

New Routing Number: 111901946

Date of Revision: 071610

Bank: CITY NATIONAL BANK

Address: 312 SOUTH DAVIS

City: SULPHUR SPRINGS

State: TX

Zip: 75482-0690

Phone: (903) 885-8688

Title: Understanding Routing Numbers and their Significance in Banking TransactionsIn the world of banking, routing numbers play a crucial role in ensuring the smooth flow of funds between financial institutions. These unique identification numbers are integral to a wide range of transactions, from direct deposits and wire transfers to bill payments and electronic funds transfers.

Join us as we delve into the importance of routing numbers and how they facilitate seamless banking operations.

I.

What are routing numbers? – A routing number is a nine-digit code assigned to financial institutions by the American Bankers Association (ABA).

– Also known as the ABA routing number or the routing transit number (RTN), it helps identify the specific bank involved in a transaction. – Routing numbers are used in conjunction with the account number to ensure accurate routing of funds.

II. The structure and significance of routing numbers:

– The first four digits of a routing number signify the Federal Reserve Routing Symbol, indicating which Federal Reserve Bank serves the financial institution.

– The next four digits represent the ABA Institution Identifier, providing information about the specific bank or credit union. – The final digit is known as the Check Digit, used to verify the accuracy of the routing number.

III. Different types of transactions that require routing numbers:

1.

Direct deposits:

– Employers use routing numbers to deposit paychecks directly into their employees’ bank accounts. – Government agencies also utilize routing numbers for direct depositing of benefits like Social Security and tax refunds.

2. Automatic bill payments:

– Routing numbers are used to set up automatic bill payments, ensuring timely and efficient settlement of bills.

3. Wire transfers:

– Routing numbers enable the seamless transfer of funds between financial institutions, both nationally and internationally.

4. Electronic funds transfers:

– Routing numbers facilitate the electronic transfer of funds to and from different financial institutions, simplifying online transactions.

IV. An overview of CITY NATIONAL BANK:

– CITY NATIONAL BANK, with its headquarters in Sulphur Springs, Texas, is a respected financial institution providing a wide range of banking services.

– Established in [year], it has been serving the community for decades, gaining a reputation for unmatched customer service and community involvement. – CITY NATIONAL BANK has grown steadily, expanding its footprint across Texas and garnering trust from individuals and businesses alike.

V. The evolution of CITY NATIONAL BANK:

– Over the years, CITY NATIONAL BANK has adapted to changing times by embracing technological advancements to better serve its customers.

– It has consistently invested in training its staff, ensuring they are well-equipped to handle the evolving needs of banking customers. VI.

CITY NATIONAL BANK’s commitment to the community:

– CITY NATIONAL BANK is deeply committed to giving back to the community it serves, actively participating in local initiatives and charitable events. – The bank supports local businesses and organizations, recognizing that the strength of the community lies in the success of its members.

VII. Embracing the future of banking:

– CITY NATIONAL BANK understands the importance of staying ahead of the curve in an ever-evolving banking landscape.

– By leveraging technology and innovation, the bank strives to provide its customers with convenient and secure banking solutions. Conclusion:

Routing numbers are an indispensable part of modern banking, ensuring the efficient and accurate transfer of funds.

As we have seen, CITY NATIONAL BANK exemplifies the commitment to excellence and community that underpins the industry. Understanding routing numbers empowers individuals and businesses to navigate the complex world of finance with ease, secure in the knowledge that their transactions are safe and efficient.

Title: Understanding Routing Numbers and their Significance in Banking TransactionsIn the world of banking, routing numbers play a crucial role in ensuring the smooth flow of funds between financial institutions. These unique identification numbers are integral to a wide range of transactions, from direct deposits and wire transfers to bill payments and electronic funds transfers.

Join us as we delve into the importance of routing numbers and how they facilitate seamless banking operations. I.

What are routing numbers? A routing number, also known as the ABA routing number or the routing transit number (RTN), is a nine-digit code assigned to financial institutions by the American Bankers Association (ABA).

It serves as a unique identifier for each bank, allowing for accurate routing of funds during transactions. By combining the routing number with the account number, banks can ensure precise delivery of funds.

II. The structure and significance of routing numbers:

Routing numbers are composed of nine digits, each having a specific meaning that contributes to their functionality in bank transactions.

Understanding their structure is key to comprehending their significance. 1.

Federal Reserve Routing Symbol:

The first four digits of a routing number, often referred to as the Federal Reserve Routing Symbol, indicate the Federal Reserve Bank that oversees the financial institution. This symbol is essential for routing transactions within the Federal Reserve System.

2. ABA Institution Identifier:

The next four digits of the routing number represent the ABA Institution Identifier, which provides information about the specific bank or credit union.

These digits identify the financial institution at a more granular level, ensuring precise routing even within large banking networks. 3.

Check Digit:

The final digit of a routing number is known as the Check Digit. This number plays a vital role in verifying the accuracy of the routing number.

By applying a mathematical formula, financial institutions can confirm the integrity of the routing number, minimizing errors during the transfer process. III.

Key Functions of Routing Numbers:

1. Direct Deposits:

Routing numbers are essential for facilitating direct deposits.

When an employer pays an employee’s salary or a government agency deposits benefits like Social Security, the routing number enables the funds to be directly credited to the recipient’s bank account. This process eliminates the need for physical checks and enables real-time access to funds.

2. Automatic Bill Payments:

Routing numbers are crucial for setting up automatic bill payments.

Individuals and businesses can authorize their banks to withdraw funds from their accounts each month to settle recurring bills, such as utility payments, mortgage installments, or subscription services. Routing numbers ensure accurate and timely payment execution, providing convenience and peace of mind.

3. Wire Transfers:

Routing numbers play a vital role in wire transfers, enabling the smooth transfer of funds between banks across different geographic locations.

Whether it’s an international transfer or a domestic transfer, routing numbers help financial institutions route the funds accurately, ensuring they reach the intended recipient. 4.

Electronic Funds Transfers:

Routing numbers are essential in electronic funds transfers, allowing individuals and businesses to securely transfer money between different financial institutions. Whether it’s making payments, transferring funds to family or friends, or conducting business transactions, routing numbers ensure seamless and accurate transfers, contributing to the overall efficiency of the banking system.

IV. The Role of Routing Numbers in Bank Transactions:

Routing numbers are critical in various bank transactions, ensuring accuracy, security, and efficiency.

Here are some key functions of routing numbers:

1. Identification of Banks:

Routing numbers help identify the banks involved in a transaction, allowing for efficient fund transfer from one financial institution to another.

They act as a precise address, directing funds to the intended recipient’s bank. 2.

Fraud Protection:

Routing numbers play a vital role in preventing fraud by ensuring that funds reach the intended account and prevent unauthorized transfers. The unique combination of routing numbers and account numbers serves as a safeguard against potential fraudsters redirecting funds to their own accounts.

3. International Transactions:

Routing numbers are essential not only in domestic transactions but also in international transfers.

When sending or receiving funds across borders, routing numbers help financial institutions cooperate and seamlessly transfer money across different banking systems, converting currencies if necessary. 4.

Third-Party Transactions:

Routing numbers are crucial when dealing with third-party financial service providers, such as online payment platforms or mortgage lenders. These providers require routing numbers to verify the legitimacy of the bank accounts involved, reducing the risk of fraudulent activities.

Conclusion:

Routing numbers are a fundamental aspect of the banking system, enabling seamless and secure fund transfers between financial institutions. Understanding the significance of routing numbers empowers individuals and businesses to navigate the complexities of banking transactions with ease.

CITY NATIONAL BANK, with its commitment to excellence and community involvement, exemplifies the importance of routing numbers in facilitating efficient and reliable banking operations. With each transaction, routing numbers contribute to the overall stability and trustworthiness of the banking system.

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