ACH US Routing Number – EASTERN BANK
| Routing Number | Address | City | State | |
| 1 | 011002550 | 195 MARKET STREET | LYNN | MA |
| 2 | 011301536 | 195 MARKET STREET | LYNN | MA |
| 3 | 011301604 | 195 MARKET STREET | LYNN | MA |
| 4 | 011301798 | 195 MARKET STREET | LYNN | MA |
| 5 | 011302519 | 195 MARKET STREET | LYNN | MA |
| 6 | 011303110 | 195 MARKET STREET | LYNN | MA |
| 7 | 011306492 | 195 MARKET STREET | LYNN | MA |
| 8 | 011307077 | 195 MARKET STREET | LYNN | MA |
| 9 | 011402024 | 195 MARKET STREET | LYNN | MA |
| 10 | 211070146 | 195 MARKET STREET | LYNN | MA |
| 11 | 211370257 | 195 MARKET STREET | LYNN | MA |
| 12 | 211370354 | 195 MARKET ST | LYNN | MA |
| 13 | 211370448 | 195 MARKET ST | LYNN | MA |
| 14 | 211370846 | 195 MARKET STREET | LYNN | MA |
| 15 | 211370927 | 195 MARKET STREET | LYNN | MA |
| 16 | 211371201 | 195 MARKET STREET | LYNN | MA |
| 17 | 211371421 | EF3-11 | LYNN | MA |
| 18 | 211371476 | 195 MARKET ST | LYNN | MA |
| 19 | 211372352 | 195 MARKET STREET | LYNN | MA |
ACH US Routing Number – Eastern Bank
Bank routing numbers are nine-digit codes that identify financial institutions in the United States. They are a critical part of the banking system, facilitating various financial transactions. This article will focus on the routing number of Eastern Bank, one of the largest independent mutual banks in the United States.
What is an ACH Routing Number?
ACH stands for Automated Clearing House, which is an electronic network for financial transactions in the US. The ACH network facilitates direct credit and debit transactions such as payroll, account-to-account transfers, bill payments etc.
To route ACH transfers and other transactions to the correct bank, each bank is identified by a unique nine-digit routing number. Think of it like a ZIP code for banks. The routing number helps determine where your money should go.
What is Eastern Bank?
Founded in 1818, Eastern Bank is one of the oldest and largest mutual banks in the United States. It is headquartered in Boston, Massachusetts and serves customers across eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island.
With over 110 branches, Eastern Bank offers various banking products and services to individuals and businesses. This includes checking, savings, and money market accounts, mortgages, personal and business loans, credit cards, and more.
Eastern Bank’s Routing Number
The routing number assigned to Eastern Bank by the American Bankers Association is 011002550.
All branches of Eastern Bank use this same routing number for processing ACH transfers and other electronic bank transactions. The number is unique to Eastern Bank.
How to Find Eastern Bank’s Routing Number
Eastern Bank’s routing number can be found in several places:
- At the bottom of your Eastern Bank checks, after the account number.
- Printed on your Eastern Bank statement or passbook.
- Available on the Eastern Bank website and mobile app.
- By contacting any Eastern Bank branch.
You can also look up the routing number on the Federal Reserve Financial Services website or other routing number directories.
Uses of Eastern Bank’s Routing Number
Eastern Bank’s 9-digit routing number is essential for:
Direct Deposits and Payments
The routing number is necessary to set up direct deposits of salaries, Social Security benefits, and other recurring payments into an Eastern Bank account.
It is also required when making direct online bill payments from an Eastern Bank account.
Wire Transfers
For domestic or international wire transfers involving Eastern Bank accounts, the routing number helps identify the exact bank branch.
Check Verification
Merchants may verify your check with Eastern Bank using the routing number to ensure sufficient funds.
Significance of the Correct Routing Number
Using the right routing number is vital for accurate and timely processing of your financial transactions. Even a minor error can cause:
- Direct deposits and payments to go to the wrong account.
- Delays in transfers reaching the intended accounts.
- Wire transfers being directed to the wrong bank and recipient.
- Rejected or bounced checks if the merchant cannot verify your account.
- Overall errors, inefficiencies, and frustrations.
Errors Due to Incorrect Routing Number
If you enter an incorrect routing number for Eastern Bank, such as a number belonging to a different bank, here is what could happen:
- Direct deposits may go to another person’s account number at the wrong bank.
- Online bill payments will be routed to the wrong bank and possibly rejected.
- Wires could get transferred to the wrong bank and account. Recovery can be difficult.
- Checks will not have your account verified correctly and may bounce.
The wrong routing number causes significant errors that can be difficult and time-consuming to fix. So always double check Eastern Bank’s routing number before initiating any financial transactions.
Tips for Using Eastern Bank’s Routing Number
Follow these tips to avoid errors and delays when using Eastern Bank’s routing number:
- Verify the routing number on your checks or bank statement before setting up direct deposits/transfers.
- Take care when typing the routing number online – double check for accuracy.
- Save a record of Eastern Bank’s routing number in your files for future reference.
- Contact Eastern Bank immediately if a transaction seems to be routing incorrectly.
- If you cannot locate the routing number, contact Eastern Bank to confirm before using a number.
Conclusion
Eastern Bank’s routing number is a key identifier for facilitating various electronic financial transactions. Always verify and use the correct 9-digit routing number for Eastern Bank – 011002550 – to avoid costly errors and delays in transfers, direct deposits, bill payments, and check verifications involving your Eastern Bank account. Storing the number securely provides convenience for future transactions.
FAQs
What is a routing number?
A routing number is a 9-digit code that identifies each banking institution. It facilitates the electronic transfer of money and data. The routing number enables transfers to go to the correct bank and account.
Where do I find my Eastern Bank routing number?
Eastern Bank’s routing number can be found at the bottom of your checks, account statements, on their website/app, by contacting their branch, or looking it up in routing number directories. The number is 011002550.
Can I use a different bank’s routing number for my Eastern Bank account?
No, you should only use Eastern Bank’s assigned routing number for any transactions related to your Eastern Bank account. Using a different bank’s routing number will cause errors.
What happens if I enter the wrong routing number for Eastern Bank?
Entering an incorrect routing number means your transactions could go to the wrong bank account, face rejection, or cause other delays and errors. Always double check Eastern Bank’s routing number before initiating any financial transactions.
How do I confirm the routing number for an Eastern Bank wire transfer?
You can confirm Eastern Bank’s routing number as 011002550 by checking your account documents, contacting a branch, or looking it up on their website or routing number directories. Having the correct number ensures your wire transfer goes to the intended Eastern Bank account.