Checkless Society

finance a la shmoop what is a routing number of a routing number is so that

wired monies can you know like find their way home yeah think of them like [maze game]

the smell of worm to Canadian geese when you write a check or wire money or do [worms and Canadian geese]

almost anything financial these days the dough is given a kind of custom [card getting swiped]

electronic signature and basically a number a big fat one like this one yeah

and the numbers mean specific things like on a paper check the routing of the

dough you're paying to Lana sim for um you know services rendered comes in two [breakdown of a check]

pieces there's a nine digit routing number aka our TN aka routing transit

number which is here and that number is then mapped to your specific account

number which is here why did you need this number why do you need it at all

well when you suddenly see an item on your bank statement for a payment of [bank statement document]

$350 to Yamaka supply limited and you're about as Jewish as the Pope well you may [Pope Francis in the Vatican]

want your bank to be able to track that sucker down because it was fraud on your

account I'd like to be able to prove that you were not in fact the one who

authorized that payment so your bank can refund you you know your hard-earned

cash all right there we go much better yeah I am