Routing numbers are useful banking devices that designate where funds come from and where they go during an ACH or wire transfer. When moving money between your Santander account and another bank ...

When making ACH direct payments, you typically need the recipient's bank account and routing number, account type (checking or savings), and whether it's an individual or business account.

ACH and wire transfers are both ways to send money to other people or institutions. Wire transfers are usually faster but cost more than ACH transfers.

They follow a structured process: Transaction initiation: A business (payer) authorizes an ACH payment by providing its bank with details such as the payee's account number and routing number.

Automated Clearing House (ACH): Generally refers to payments made via direct ... including bank name, account name, account number, routing number, bank contact information and any other information ...