This nine-digit code is a financial institution’s unique identifier, facilitating electronic transfers within the United States. It’s akin to a digital address, directing funds to the correct bank during transactions like direct deposits, wire transfers, and automated payments. For example, if initiating a wire transfer to a member of Hawaii Community Federal Credit Union, providing the correct code ensures the funds are routed to the appropriate institution.
This code is critical for ensuring the seamless and secure movement of money. Its accuracy prevents delays, rejected transactions, and potential misdirection of funds. Historically, these codes have streamlined interbank communication and enabled the modern electronic banking system. The existence of a standardized identifier has fostered trust and efficiency in the financial landscape.
