Eastern Bank Transit Number: A Comprehensive Guide

Introduction

Transit numbers, also known as routing numbers or ABA numbers, play a crucial role in facilitating electronic financial transactions. For customers of Eastern Bank, understanding their transit number is essential for a seamless banking experience. This article provides a comprehensive overview of Eastern Bank transit numbers, outlining their significance, location, and proper usage.

What is an Eastern Bank Transit Number?

An Eastern Bank transit number is a nine-digit code that identifies the bank and the branch where a specific account is held. This code ensures that funds are correctly routed between financial institutions.

Significance of Transit Numbers

1. Electronic Transactions: Transit numbers are essential for electronic fund transfers, such as direct deposits, automatic payments, and wire transfers. They provide the receiving institution with the necessary information to credit the appropriate account.

2. Check Processing: Transit numbers printed on checks facilitate check processing. They enable the Federal Reserve to identify the bank on which the check is drawn and route it accordingly.

Locating Your Transit Number

Eastern Bank transit numbers can be found in several locations:

1. Bank Statements: Transit numbers are typically printed on monthly bank statements. Look for the section labeled "Routing Number" or "ABA Number."

2. Checks: Eastern Bank transit numbers are printed in the lower-left corner of checks.

3. Online Banking: Log into your Eastern Bank online banking account and navigate to the account details section to find the transit number.

Valid Eastern Bank Transit Numbers

Eastern Bank has several transit numbers assigned to different branches. The table below lists some of the most common transit numbers:

Important Note: Always verify the transit number with Eastern Bank if you have any doubts about its accuracy.

Using Your Transit Number

When providing your transit number, ensure that you use the correct nine-digit code associated with your account. This is especially important during electronic transactions, as an incorrect transit number can result in delays or errors.

Common Mistakes to Avoid

• Incorrect Transit Number: Using an incorrect transit number can cause payment errors or delays.
• Confusing Routing Numbers: Routing numbers for different financial institutions may vary. Ensure that you use the correct transit number for Eastern Bank.
• Incomplete Information: Providing an incomplete or incorrect transit number may hinder the processing of your transaction.

Conclusion

Understanding your Eastern Bank transit number is essential for efficient electronic banking. By locating and using the correct transit number, you can ensure that your funds are accurately transferred and avoid any potential errors or delays. Remember to verify your transit number with Eastern Bank if you encounter any discrepancies to prevent any inconveniences.