A peoples united financial institution routing quantity is a singular nine-digit code that identifies a selected monetary establishment. For instance, Peoples United Financial institution’s routing quantity is 021201028.
Routing numbers are important for processing digital funds, akin to wire transfers and direct deposits. They make sure that funds are despatched to the right financial institution and account. Traditionally, the American Bankers Affiliation launched the routing quantity system in 1910 to facilitate environment friendly and correct interbank transactions.