A bank identification code, also known as a bank identifier code ... and whether the funds are available. If everything checks out, the transaction is approved. If not, the institution declines ...

Business owners, landlords and anyone else who accepts noncash payments for their goods or services need to be assured that the funds are drawn from legitimate bank ... the check with the ID ...

A check routing symbol ... 011- ABA Institution Identifier 0312- Federal Reserve Routing Symbol Parsing the digits in that symbol, the first number tells us that the bank is located in Pennsylvania.