Each routing number is unique to a particular bank, large banks may have more than one routing number for different states. No longer do I arrive at my desk at the crack of dawn to mindlessly enter bond yields into a convoluted spreadsheet.
Will Bay Street or Wall Street ever change? I once saw an investment banker become enraged when his plane ticket was booked economy instead of business class. Then I remember why I left.
They can try to stay the course, or they can opt for a less demanding, more fulfilling life. Journalists, too, deserve some blame for not raising more red flags about the excesses of the financial business, before the crisis reared its ugly head.
What I saw was an industry unbelievably out of touch with reality.
Most people in shiny office towers mean well. Financial professionals who are as fed up as Greg Smith have two choices. No one tells me that my Banana Republic cardigan is too fashion-forward for the office.
But he was serious. A few weeks ago the Globe sent out a new job posting for our finance department, so I re-posted it on Facebook. Almost three years later, I still miss the money.
In all fairness, no industry is perfect. Have you ever met a car salesperson willing to offer you their wholesale price?
Banks offer ACH services for businesses who want to collect funds and make payments electronically in batches through the national ACH network. I know so many others who wish they could do the same.
It is used for domestic or international transactions in which no cash or check exchange is involved, but the account balance is directly debited electronically and the funds are transferred to another account in real time.
It wasand on an overcast October morning, someone from the investment arm of the Royal Bank of Canada offered me my dream job. How big was the pay cut?
Having said goodbye to all that, I now get a certain pleasure out of hearing bankers, traders and corporate lawyers grumble about their bonuses, even though the annual cheques are worth hundreds of thousands of dollars.
They love their kids, and they give loads of money to charity. Smith and I had very different experiences, we made the same decision: The next four numbers identify the specific bank.
Fedwire Transfer service is the most expedient method for transferring funds between business account and other bank accounts. ACH Routing Numbers are used for direct deposit of payroll, dividends, annuities, monthly payments and collections, federal and state tax payments etc.
The latter is a real option: Retail investors are routinely gouged for ridiculous fees, and the Street is so clubby that rivals gang up on each other when someone tries to undercut the advisory fee schedule. Routing numbers may differ depending on where your account was opened and the type of transaction made.The ultimate home for Green Bay Packers news, rumors, updates, trades, signings, injuries, commentary, analysis, and more!
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