The routing number in this case tells the money which financial institution to go to. Routing numbers are kind of like addresses for financial institutions and each one will have a different one.

The number illustrates that the financial institution has an account with the Federal Reserve. Different Types of Routing Numbers Your routing number is used to identify a particular financial institution.

But some big financial institutions can have various routing numbers that may be based on the state you hold the account in. A bank may be assigned more than one routing number depending on its size and the number of states it services. While Navy Federal is headquartered in Vienna, services or branches in states outside of Virginia may require a different routing number. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. We maintain a firewall between our advertisers and our editorial team.

Our editorial team does not receive direct compensation from our advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. What happens if you give the wrong account number for direct deposit to IRS? If you have put the wrong account number, the IRS will attempt to direct deposit your refund on your direct deposit date. If the account number is incorrect it will then be routed back to the IRS and they will issue you a check in the mail.

What do I do if I entered the wrong account number on my tax return? Transferring money to non-members?

Money Management Made Easy We have the tools you need to keep your financial plans on track. Set up Direct Deposit for quicker access to your pay.

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