The routing number of Versabank is different from its account number. As a matter of fact, this condition holds the same for all of the banks in the world. Differentiating the account number from the routing number is no big task. For every bank related transaction, one may be prompted to provide with their account number and routing number. Both of these credentials are assigned to you while you opened your account at Versabank.
But both of these valuable numbers indicated two different details. Account number identifies the account holder, whereas the routing number specifies the bank in which your account is held. For eg., Your Versabank account number is 0000033410008 and the routing number is 033410008. Here 0000033410008 depicts your details as the account holder of Versabank and 033410008 represents the details of Versabank that is responsible for money going in and out of your account.
Difference between ACH and ABA routing number?
ABA or the American Bankers Association routing numbers are used for the paper of cheque transfers.
ACH or Automated Clearing House routing numbers are used for electronic transfers.Both ABA and ACH routing numbers are nine-digit codes. But the first two digits of the nine digits in an ABA number ranges from 00-32 whereas, for ACH routing number, it can range from 61-72.
For some banks, ACH or Automated Clearing House routing numbers and ABA or the American Bankers Association routing numbers may be the same. Confirm with Versabank’s officials before using ACH or ABA routing number for any financial transactions.