Transit numbers are not issued to financial institutions that hold accounts at a Federal Reserve Bank.

Name: Transit numbers are not issued to financial institutions that hold accounts at a Federal Reserve Bank.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Transit numbers, also known as routing numbers, are indeed issued to financial institutions, including those that hold accounts at a Federal Reserve Bank, to identify them in financial transactions.

Transit Numbers Are Not Issued to Financial Institutions That Hold