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Banks offer ACH services for for direct deposit of payroll, funds and make payments electronically in batches through the national ACH network. To bmo harris bank addison a wire transfer, the sender must provide his bank name and account number of the recipient, the receiving balance is directly debited electronically state of the receiving bank and the bank's routing number.
ACH Routing Numbers are used businesses who want to collect dividends, annuities, monthly payments and collections, federal and state tax payments etc.
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