A routing number for Woodforest is a nine-digit code that identifies the financial institution and specific branch where an account is held. For instance, the routing number 031205173 represents Woodforest National Bank’s headquarters in The Woodlands, Texas.
Knowing your routing number is crucial for setting up direct deposits, wire transfers, and other electronic banking transactions. It ensures that funds are securely transferred to the intended account. Historically, the implementation of the Automated Clearing House (ACH) network in the 1970s standardized routing numbers, streamlining and expediting electronic payments.
