You have come to the right site if you’re trying to figure out how to get your company’s routing number. We will discuss the four most popular APIs for obtaining route number information in this article. Stay tuned, then!
Let’s begin by defining what a routing number is. It is a nine-digit number used to identify a certain bank’s bank account. The American Bankers Association, which is what it is also called, is another name for it. The financial system uses these numbers to transfer funds between banks and their clients.
And how do we acquire it? There are numerous ways to accomplish this, but one of the most popular is by using an API. Programming interfaces, or APIs, enable communication between two applications. In this instance, we’re referring to an API that enables us to access data on a company’s bank accounts.
Routing Number Bank Lookup API
In order to connect to the system, users use this Bank Information API, which is designed to provide the most functionality with the fewest number of queries. The figure below shows what happens when you enter a routing number and account number into our system. The system will provide all the bank information associated with that routing number once you enter the routing number and your desired payment method, such as ACH or Wire Transfer. Modern corporate operations must be automated, so ZylaLabs designed this routing number information API with simplicity in mind.
With just a few lines of code, the API can be used to validate bank details at each step of your business process. To immediately begin using the API, make use of the code samples that our developers have written.
Plaid’s Auth API
For purposes such as setting up online ACH payments and other usage, Plaid’s Auth API conveniently retrieves account information. It facilitates the gathering of user checking or savings account information, making it easier to begin credits or debits. For instance, other apps might enable customers to pay you using information from their bank accounts. A user can quickly enter this information using Auth by confirming it with their bank account. When used in concert with other ACH processing partners, this API may complete an ACH transfer from start to finish. As a result, it won’t be essential to access or store data about a user’s bank account. Understanding that the Auth API only works with checking or savings accounts is crucial.
BNP Paribas Open Bank Project
A Developer Portal that makes it simpler to find resources from financial institutions, like PSD2 compliant APIs, was recently introduced by BNP Paribas. The BNP Paribas Open Bank Project REST API enables developers to build customer-facing applications without having to write individual code for each bank or kind of account. It covers methods for setting up ATMs, banks, Firehose accounts, API configurations, and more.
Lyons Routing Number Verification API
The Routing Number Verification API by Lyons Commercial Data is another bank information API that offers wire transfer bank information. Through its iBankRegistry collection, Lyons Commercial Data makes information about American financial institutions accessible. One of the details required for a transaction to be successfully executed is the routing number. Using the Lyons Routing Number Verification API, you can have access to the safe data center that houses the iBankRegistry. As a result, you might have access to the bank information required to finish the transaction. It also links apps with essential transaction processing data.
