Attention: Routing Number Change at Compeer Financial
CHANGES TO COMPEER FINANCIAL'S ROUTING NUMBER
Compeer Financial’s routing number has changed — our new routing number is 096016972. Effective May 1, 2024, our previous routing number is no longer functional. This means any checks or automatic transactions using the old routing number will not be processed and you may incur penalties and fees.
Here are a few things to consider:
Make sure your checks have the new routing number.
The routing number is the first set of numbers found at the bottom of your checks. If the checks associated with your account at Compeer Financial contain a routing number other than 096016972, you need to order new checks.
We are happy to provide you a new box of standard checks. Call us at (844) 426-6733 or stop in at your local Compeer office and our team will be happy to assist you.
If you have outdated checks and prefer to order from a different source, please ensure you use the new routing number 096016972 when ordering.
If your account number (the second set of numbers found at the bottom of your checks) begins with 853, 612 or 682, you need to drop the first three digits from the account number when ordering checks.
Begin using the new checks after you receive them and be sure to destroy any old checks.
Update your automated and bill pay transactions.
Please review any automated clearing house (ACH) transactions associated with your accounts at Compeer and ensure routing number 096016972 is used.
For example, if you have bills for things like your cell phone, utilities, insurance, etc. automatically drafted from your account at Compeer, you’ll need to ensure all of those transactions use routing number 096016972 going forward to ensure these transactions continue to be processed.
Please note that Compeer Financial cannot make any changes to these third-party ACH transactions on your behalf.
Additionally, if the account number you’ve used to set up existing transactions begins with 853, 612 or 682, you need to drop the first three digits from your account number when setting up or updating ACHs.
In the future, be sure to use the new routing number when setting up transactions and ordering checks.
ROUTING NUMBER CHANGE FAQ
What is the new routing number?
Compeer Financial’s routing number is 096016972.
Will my account number change?
Your account number may be impacted. If your account number begins with 853, 612 or 682, you need to drop the first three digits from the account number when ordering checks or setting up new ACH transactions
Why is Compeer making this change?
Compeer’s lending bank, AgriBank, now has the capability to process drafts directly through the Federal Reserve. This new capability eliminates the need for checks and automatic withdrawals to flow through another lender, creating more efficiency. As a result of this new process, the routing number needs to change to ensure these transactions are routed to the correct place for processing.
What will happen after May 1, 2024, if I don’t update my checks or automatic payments and continue to use the old routing number?
Effective May 1, 2024, checks using the old routing number will be returned and will not be honored.
Any automatic withdrawals or ACH transactions utilizing the old routing number after May 1, 2024 will also not be honored.
You may incur penalties and fees as a result of the payments not being processed due to use of the old routing number.
Will Compeer provide replacement checks?
Yes, Compeer will provide the first set of 100 duplicate checks as a courtesy. To order, call us at (844) 426-6733 or stop by your local Compeer office.
If you prefer to order your checks from a different source, please ensure you use the new routing number 096016972 when ordering.
Additionally, if your account number (the second set of numbers found at the bottom of your checks) begins with 853, 612 or 682, you need to drop the first three digits from the account number when ordering checks.
What should I do with my old checks?
Please destroy any checks associated with your Compeer Financial account that have any routing number other than 096016972. We strongly recommend you shred old checks to ensure your personal information isn’t compromised.
I have automated and bill pay transactions connected to my accounts at Compeer. Do I also need to update these?
Yes, if you have automated clearing house (ACH) transactions associated with your accounts at Compeer, you will need to ensure routing number 096016972 is used.
For example, if you have bills for things like your cell phone, utilities, insurance, etc. automatically drafted from your account at Compeer, you’ll need to ensure all of those transactions use routing number 096016972 going forward to ensure these transactions continue to be processed.
Please note that Compeer Financial cannot make any changes to these third-party ACH transactions on your behalf.
Additionally, if the account number you’ve used to set up existing transactions begins with 853, 612 or 682, you need to drop the first three digits from your account number when setting up or updating ACHs.