Yours is different from everyone else’s, and it’s a more specific way of identifying where a package that’s addressed to you is meant to go. Your account number, however, is like your room number in the hotel. The routing number is like the address of the hotel, so it’s the same for all the guests staying at that particular hotel. To understand the difference between a routing number and an account number, think of a hotel where your money is staying. What’s the Difference Between an Account Number and a Routing Number? While security measures like multi-factor identification have reduced the frequency of fraud and theft over time, bank account numbers are still at risk of being stolen and used for nefarious purposes if account holders aren’t careful enough to practice safe online banking. Today, nearly every financial transaction an individual makes is attached to a bank account number in one way or another. While social security numbers are still in use, unique checking account numbers are now used for banking purposes. As a result, banks have gradually moved away from this practice. However, the frequency of their use made fraud and identity theft more common. In the past, social security numbers were used for this role. ![]() ![]() This way, financial institutions can securely provide access to the account for sending and receiving payments. A bank account number is a series of numbers (and sometimes letters) that’s designed to identify an individual bank account and its owner.
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