- Bargaineering - http://www.bargaineering.com/articles -

Why Does Capital One Have So Many ABA Routing Numbers?

What happens when banks buy banks? You get a mess of ABA routing numbers.

In a process that is years in the making, I’ve been consolidating more accounts I no longer need. This time, my Capital One Banking account is the one that is getting the ax. I opened the account years ago because of a Costco promotion [3] that gave it a pretty good interest rate. When Capital One ended the relationship [4] in the middle of 2012 and the interest bonus ended that calendar year, I decided I was going to close it. It’s March, I’m about three months behind schedule, but today I took the first step in cutting my ties – I added it as an external transfer to one of my other accounts.

There was a tricky piece though… Capital One has multiple routing numbers. This is common with these megabanks because they go on acquisition sprees and you end up with different ABA routing numbers depending on what legacy system you’re a part of. You see this often with brick and mortar banks like Bank of America – that’s why they ask what state you opened your account in.

Capital One, in theory, has only two listed:

In order to find out which one you’re using, you have to check your statements (or your checks but I don’t have any). It will say that your account is held at Capital One Bank or simply Capital One. And, just to make it more confusing, Capital One 360 uses ING Direct’s old ABA number – 031176110. Capital One 360 is a division of Capital One, N.A., but they have their own routing number. My savings account was an online one but it fell under Capital One Bank.

It’s very confusing but, on the plus side, this allows for “backward compatibility.”