ROUTING NUMBERS
/
THE PRIVATE BANK & TRUST CO
/
071006486
Send your business payment fast to THE PRIVATE BANK & TRUST CO with zero platform, ACH or wire fees with Rho.*
Routing Number
071006486
Bank
THE PRIVATE BANK & TRUST CO
Address
SUITE 200
City
CHICAGO
State
IL
Zip
60602
Phone
See answers to common questions we get about routing numbers.
Yes, an ABA number, bank transit number, and routing number are the same. Originating from the American Bankers Association, these numbers are used interchangeably for payments like direct deposits and bill payments, ensuring your money reaches the right place.
ACH payments and wire transfers sometimes use different routing numbers because they are processed through different networks. ACH transfers use the Automated Clearing House network, while wire transfers are direct interbank payments. This distinction often requires separate routing numbers for each type of transaction.
For THE PRIVATE BANK & TRUST CO in IL, the routing number 071006486 accepts both ACH and Wire.
ACH transactions typically take 1-3 business days to process, while wire transfers are usually completed within the same day or by the next business day.
At Rho, ACHs sent before 2 p.m. EST will land the same day, and those sent after will take 1-3 business days. Wires sent before 4:45 p.m. EST arrive the same day, and those sent after will land the next business day.
If you have more questions, you can check out Rho's help center.
Rho simplifies your business payments by allowing you to make ACH and wire transactions effortlessly. You can initiate ACH payments for regular expenses or use wire transfers for immediate needs. Best of all, Rho charges no fees for sending or receiving ACH or domestic wire transfers.
Curious about the costs? Check out Rho's pricing for more details.