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What is People’s United Bank Routing Number?
If you are a customer of the People’s United Bank and want to make a transaction through it, then you need the People’s United Bank Routing Number. Routing numbers are used to identify the financial institution behind a transaction. However, ABA routing numbers were originally designed to sort, bundle and ship paper checks. But later on, the system was extended to incorporate the new payment methods. This article also deals with questions like how to find out People’s United Bank routing number or what is the routing number for People’s United Bank?
The table given below shows all the People’s United Bank Routing Numbers.
People's United Bank ABA Routing Transit Numbers (RTN)
Here is the state wise list of People's United Bank Routing Number for Checking Account and Savings Account.
S No. Region/State Postal Abbreviation Routing Number
1 Connecticut CT 221172186
2 Maine ME 221172186
3 Massachusetts MA 221172186
4 New Hampshire NH 221172186
5 New York NY 221172186
6 Vermont VT 221172186
What is an ABA Routing Number?
Found at the bottom left corner of your check, the ABA Routing Number has nine-digits. As a banker, you can use a routing number to identify the financial institution behind a transaction. All transactions done through ACH and wire use the routing number system. Moreover, the Federal Reserve Bank depends on ABA routing number system to process Fedwire fund transfers. The Automated Clearing House also uses the routing number system to process bill payments, direct deposits and other transfers.
The ABA routing number, as we know, came into being in 1910. The American Bankers Association was behind its designing and implementation. The Association then tied up with several registrars over the years to manage this system. Currently, Accuity manages the routing number system and assigns them to the financial institutions.
There are currently 26,895 active routing numbers in use. According to the Routing Number Policy, a financial institution can have only 5 routing numbers. But as there are a number of mergers taking place between different banks, a financial institution can have more than 5 routing numbers. Routing Numbers may differ depending on where you opened your account. It also depends on the type of transaction you make.
What is People’s United Bank SWIFT Code?
For international transactions, People’s United Bank, like other financial institutions, uses Swift Code to make these transactions.
The SWIFT Code for People’s United Bank is- PESBUS33
What is a SWIFT Code?
SWIFT Code functions in the same way as a Routing Number. However, they help to identify the financial institution behind a transaction globally. Banks use swift codes to transfer money between them for international wire transfers or SEPA payments. They also use swift codes to exchange messages.
A SWIFT Code has 8 to 11 characters and they are explained as follows:
AAAA BB CC DDD
- Bank Code- First four letters (alphabets) (Usually a shortened version of a bank’s name)
- Country Code- Next two letters (alphabets) (The country bank is located in)
- Location Code- 2 digit location code (alphabets or digits) (Location of bank’s head office)
- Branch Code- optional three digits (alphabets or digits) (It specifies banks branch instead of head office)
Things To Know About People’s United Bank
People’s United Bank is one of the largest banks in the US, along with BMO Harris and Zions. If you have an account in these banks, then you also need the BMO Harris Bank Routing NUmber and Zions Bank Routing Number for various monetary transactions. The bank operates through over 400 branches in Connecticut, southeastern New York State, Massachusetts, Vermont, Maine and New Hampshire.
The parent company, People’s United Financial Inc., started its business in 1842 as Bridgeport Savings Bank in Bridgeport, Connecticut. The bank became the first in the country to offer a telephone bill paying service in 1981. In 1983, they acquired People’s Bank of Vernon and renamed it as People’s Bank. However, it sold its credit card division to the Royal Bank of Scotland at a premium of $360 million in 2004. Furthermore, on June 7, 2007, they changed their name to People’s United Bank.
People’s United Bank is based in Bridgeport, Connecticut. Its address is:
850 MAIN STREET, BRIDGEPORT,CONNECTICUT