There is no way for anyone to use the UPIC to commit fraud with a check, since the UPIC can only be used to clear electronic payments, not checks. If there is an account change, the new account number is simply linked to the existing UPIC. The company can retain the same UPIC, even if the underlying account number changes. The table includes essential information that will be very useful for you and other visitors. We have mentioned the complete details about the Bank in the given tablebelow. This means the company can freely distribute its UPIC information to the public. 021052053 is your current routing number of Joint Upic Account in the city Winston-salem and stateNC (North Carolina). Debit BlockingĪll ACH debit transactions are blocked through the UPIC, which eliminates the risk of someone extracting funds from the company bank account with such a debit. Other benefits of the UPIC are noted below. The routing / transit number can also be identified from the translation table below. Click on the routing number link in the table below to navigate to it and see all the information about it (address, telephone number, zip code, etc.). Advantages of the Universal Payment Identification Code Use the 'Search' box to filter by city, state, address, routing number. When combined with a universal routing/transit (URT) number, the effect is to send the information associated with all incoming payments to The Clearing House Payments Company, which then processes the transaction into the company's actual bank account. JOINT UPIC ACCOUNT has a nine-digit numeric code printed on the bottom of checks which is used for electronic routing of funds (ACH transfer) from one bank account to another. JOINT UPIC ACCOUNT has 1 active routing numbers. The UPIC then acts as a front that masks the underlying account number. View JOINT UPIC ACCOUNT routing numbers list. The corporate bank account number is linked to the UPIC. The UPIC should be considered a banking address, rather than an account number. Both issues are eliminated when the universal payment identification code (UPIC) is used. Alternatively, the company switches accounts so frequently that it would have to continually issue notification changes to any customers making ACH payments into the account. The accounting staff of a business may not be inclined to issue bank account information to any outside parties, because someone could use the information to create an ACH debit that removes cash from the company bank account. What is the Universal Payment Identification Code?
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