ACH US Routing Number – MAINSOURCE BANK
| Routing Number | Address | City | State | |
| 1 | 071123385 | 1927 GREENSBURG CROSSING | GREENSBURG | IN |
| 2 | 074903308 | 1927 GREENSBURG CROSSING | GREENSBURG | IN |
| 3 | 074910799 | P O BOX 507 | GREENSBURG | IN |
| 4 | 074912603 | 1927 GREENSBURG CROSSING | GREENSBURG | IN |
| 5 | 081311666 | PO BOX 507 | GREENSBURG | IN |
| 6 | 083902811 | PO BOX 507 | GREENSBURG | IN |
| 7 | 083908200 | P.O. BOX 507 | GREENSBURG | IN |
| 8 | 242071004 | 1927 GREENSBURG CROSSING | GREENSBURG | IN |
| 9 | 242071295 | 1927 GREENSBURG CROSSING | GREENSBURG | IN |
| 10 | 242272874 | 1927 GREENSBURG CROSSING | GREENSBURG | IN |
| 11 | 271974062 | P O BOX 507 | GREENSBURG | IN |
| 12 | 274970076 | 1927 GREENSBURG CROSSINGS | GREENSBURG | IN |
| 13 | 274970186 | 1927 GREENSBURG CROSSINGS | GREENSBURG | IN |
| 14 | 274970199 | 1927 GREENSBURG CROSSING | GREENSBURG | IN |
| 15 | 283972162 | PO BOX 507 | GREENSBURG | IN |
ACH US Routing Number – MAINSOURCE BANK
What is an ACH Routing Number?
An ACH routing number is a 9-digit code that identifies the financial institution that maintains your bank account. It’s used to route payments like direct deposits and bill payments through the Automated Clearing House (ACH) network. The ACH network is an electronic fund transfer system that facilitates payments in the United States.
So in short, the routing number helps route your ACH transactions to the correct bank. Each banking institution has its own unique routing number.
What is MAINSOURCE BANK?
MAINSOURCE BANK is a community bank based in Greensburg, Indiana. It was founded in 1999 and has over 60 branches across Indiana, Illinois, Kentucky, and Tennessee.
History of MAINSOURCE BANK
MAINSOURCE BANK was formed by a group of seasoned community bankers who wanted to get back to personalized banking services. The bank has grown substantially over the years while maintaining its community bank values.
Some key events in MAINSOURCE BANK’s history:
- 1999: MAINSOURCE BANK is founded in Greensburg, IN. The bank starts with $5 million in capital.
- Early 2000s: MAINSOURCE acquires several small local banks to expand across Indiana.
- 2009: MAINSOURCE expands to Kentucky by acquiring two banks.
- 2012: MAINSOURCE crosses $1 billion in assets after more acquisitions.
- 2017: The bank expands to Tennessee.
Today, MAINSOURCE BANK has over $4 billion in assets and continues to grow. However, it remains committed to providing personalized, relationship-based banking.
Locations of MAINSOURCE BANK
MAINSOURCE BANK has branches across four states:
- Indiana – The bank has its headquarters and 40+ branches located throughout central and southern Indiana.
- Kentucky – MAINSOURCE entered Kentucky in 2009 and now has over 10 branches in the state.
- Illinois – The bank expanded to Illinois in 2014 with branches in Olney and Lawrenceville.
- Tennessee – MAINSOURCE operates 5 branches in Tennessee.
So in summary, MAINSOURCE BANK has a strong presence across the Midwest, with its home state being Indiana.
MAINSOURCE BANK’s ACH Routing Number
MAINSOURCE BANK’s routing number used for ACH transactions is 074900718 is an example (see table above for accurate ACH Routing Number)
This 9-digit number is unique to MAINSOURCE BANK and identifies it on the ACH network. It must be included when setting up ACH payments or transfers involving MAINSOURCE checking or savings accounts.
Where to find the routing number
The MAINSOURCE BANK routing number can be found in a few places:
- At the bottom of a check issued from MAINSOURCE BANK.
- On the bank’s website – usually under the “Routing Number” or “Contact” page.
- By contacting a MAINSOURCE BANK branch directly.
- In your bank account statements.
- Printed on your debit card.
So if you need to confirm MAINSOURCE’s routing number, check any of these places to find it.
Uses of MAINSOURCE BANK’s routing number
MAINSOURCE BANK’s routing transit number allows for seamless ACH transfers to and from its accounts. Here are some common uses:
Setting up direct deposit
Providing MAINSOURCE’s routing number to your employer lets them send your paycheck to your MAINSOURCE account through direct deposit.
Wire transfers
Including the routing number with your other banking details facilitates inbound and outbound wire transfers.
Online bill pay
You can pay your utilities, credit cards, or other bills online using MAINSOURCE’s routing number.
So in summary, the routing number helps route funds to and from MAINSOURCE accounts for convenient ACH transactions.
How ACH Transactions Work
ACH payments involve a process of electronic file exchanges between banks that is facilitated by the ACH network. Here is an overview:
ACH file exchanges
- The originator (person making payment) provides transaction info to their bank.
- The originating bank compiles ACH files and sends them into the ACH network.
- The network sorts and transmits ACH files to the receiving bank.
- The receiving bank posts transactions to individual accounts.
This file exchange system is how money is transferred electronically through ACH.
ACH transaction process
Within the file exchanges, all ACH transactions go through 3 steps:
Authorization
The payer authorizes the payment to the originator either verbally, written, or digitally.
Clearing
Funds are debited from the payer’s account and credited to the payee. This happens in the ACH network.
Settlement
The actual transfer of money between the banks. This usually occurs overnight for next-day availability.
So in summary, ACH moves money between accounts efficiently through automated steps occurring in the background.
Benefits of Using ACH Payments
Using MAINSOURCE BANK’s routing number to make ACH payments has many benefits:
Cost savings
ACH transactions are much cheaper than methods like wire transfers or checks. They cost just pennies per transaction.
Security
ACH offers strong security protocols and encryption to protect banking info. Payments have reduced fraud risk compared to checks.
Simplicity
ACH is fast and convenient for consumers. Setting up direct deposit and online bill pay is quick and easy.
In summary, ACH allows secure and affordable transfers directly between bank accounts. Both consumers and businesses save time and money.
Tips for Using MAINSOURCE BANK’s Routing Number
When providing MAINSOURCE’s routing number for ACH payments, keep these tips in mind:
Confirm the routing number
Double-check that you have MAINSOURCE’s correct 9-digit routing number. Entering an incorrect number can delay transactions.
Include account number
Be sure to provide your complete account number from your checks or statements. This identifies your individual account.
Watch out for fraud
Never give out your banking details like routing/account numbers to strangers or untrusted sources. This protects against fraud.
Following these tips will help avoid issues and ensure smooth ACH transactions with MAINSOURCE’s routing number.
The Future of ACH Payments
ACH payments have become hugely popular thanks to their ease of use. Transaction volume continues to grow steadily year after year.
Some innovations that may shape the future of ACH:
- Faster processing – Same-day ACH is already an option for some payments and will likely expand. This accelerates settlement.
- More convenience – Features like account-to-account push payments put consumers in more control.
- Global reach – Cross-border ACH payments are being developed to facilitate international money transfers.
- Blockchain integration – Blockchain may play a role in improving transparency, speed, and security.
Overall, look for ACH transfers to become faster, more flexible, and accessible across borders in the future.
Conclusion
MAINSOURCE BANK’s routing number (074900718) is an example (see table above for accurate ACH Routing Number) is key for initiating ACH payments from your MAINSOURCE accounts. Providing this number when setting up direct deposits, online bill pay, or wire transfers allows fast and secure ACH transfers. ACH offers many benefits in cost, simplicity, and convenience compared to other methods. Following proper protocols for using MAINSOURCE’s routing helps avoid issues with your electronic payments. As technology develops, ACH payments will likely continue evolving to be faster, smarter, and globally accessible.
FAQs
What information do I need to make an ACH payment from my MAINSOURCE account?
To initiate an ACH payment from MAINSOURCE, you need to provide the routing number (081311666), your MAINSOURCE account number, account type, and the amount/payee details.
Can I use MAINSOURCE’s routing number for international transfers?
No, MAINSOURCE’s routing number is only for domestic ACH transactions within the United States. For international wire transfers, you would need to provide different instructions specific to that transaction.
Is there a limit on the amount I can send through ACH?
Yes, individual ACH transfers are generally limited to $250,000 per transaction. However, larger amounts can be sent as batches of smaller transactions.
Can I use MAINSOURCE’s routing number to make same-day ACH payments?
You may be able to if the payments qualify and MAINSOURCE offers same-day ACH capabilities. Mainly higher-value and time-critical payments are eligible for same-day processing.
How do I notify MAINSOURCE of unauthorized ACH transfers out of my account?
If you notice any unauthorized or fraudulent ACH transfers, contact MAINSOURCE immediately to dispute the transactions. The bank can then take steps to reverse the payments.