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Banks offer ACH services for for direct deposit of payroll, dividends, annuities, monthly payments and collections, federal and state tax payments etc. ACH Routing Numbers are used businesses who want to collect funds and make payments electronically in batches through the national ACH network.
It is used for domestic or international transactions in which no cash or check exchange of the recipient, the receiving account number, babk city and state of the receiving bank and the bank's cambridye number.
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