Federal Reserve Bank of Philadelphia
Routing numbers beginning with 03 settle through the Federal Reserve Bank of Philadelphia. The district covers 3 US states and territories: Pennsylvania, New Jersey, Delaware.
Sample routing numbers in this district
What the Federal Reserve Bank of Philadelphia does
The Federal Reserve Bank of Philadelphia is one of twelve regional operating arms of the US central banking system. It clears ACH and Fedwire payments on behalf of every member institution in its district, holds the reserve deposits required by federal banking regulations, and acts as the bankers' bank for routine cash and currency operations. Every routing number whose first two digits are 03 identifies an institution served by this Reserve Bank.
For a customer at one of these banks, the practical effect is invisible: when you send an ACH transfer or set up direct deposit, the originating bank's payment file is delivered to the Federal Reserve Bank of Philadelphia for processing, then forwarded to the receiving bank's own Federal Reserve Bank. The whole settlement typically completes within hours for same-day ACH, or by the next business morning for standard ACH. Fedwire transfers settle in real time, regardless of which district originates them.
States & territories in this district
- Pennsylvania — 851 routing numbers
- New Jersey — 368 routing numbers
- Delaware — 63 routing numbers