A “Wells Fargo routing number MN” is a nine-digit code that identifies the financial institution and the specific branch where an account is held. For instance, the Wells Fargo routing number for the branch located at 123 Main Street in Minneapolis, Minnesota, is 011101012.
Routing numbers play a crucial role in the electronic transfer of funds, ensuring that money is sent to the correct account. They are also essential for setting up direct deposit and automatic payments. The development of routing numbers has significantly streamlined financial transactions, making it easier for individuals and businesses to manage their finances.