A First Horizon routing number is a unique nine-digit code that directs financial transactions to the correct receiving financial institution. For example, if you want to transfer funds to your First Horizon bank account, you’ll need to provide the recipient’s routing number.
Routing numbers are essential for ensuring that money is transferred accurately and efficiently. They help banks identify the correct institution to receive the funds and ensure that the transaction is completed securely. Historically, routing numbers originated as a way to process paper checks. However, they are now used for electronic fund transfers as well.