Nelnet Bank Routing Number (ABA): 124385355

Nelnet Bank at a glance

It reports no CET1 ratio; its Tier 1 leverage ratio was 15.94% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.

Total assets, Q2 2026

$3.00B

Tier 1 leverage ratio, Q2 2026

15.94%

Deposit insurance

FDIC

Regulator

FDIC

Domestic offices

1 FDIC institution directory, current count

Established

2020

Full financial profile · Is Nelnet Bank safe? · Branch locations

What the digits mean

The first two digits, 12, place this number in the Federal Reserve Bank of San Francisco's district (District 12). Digits five through eight, 8535, identify the institution within that district. The last digit, 5, is a check digit, and the number passes the standard check: weight the nine digits 3, 7, 1, 3, 7, 1, 3, 7, 1 and the sum is a multiple of 10.

Before you send money to Nelnet Bank

A routing number tells the payment network which financial institution holds an account. You give it with an account number for ACH transfers through the automated clearing house, such as direct deposit, bill pay and transfers from a checking account, which usually settle in one to two business days. An international wire to a US account normally needs the bank's SWIFT code as well.

Match this number against the one on your Nelnet Bank checks or in its online banking. Ask the bank for wire instructions (www.nelnetbank.com). Our record does not show whether this number receives wires. The Federal Reserve's E-Payments Routing Directory shows it: its Fedwire participant search lists the numbers that can receive Fedwire transfers, and its FedACH search lists those that receive ACH payments. How to confirm any routing number.

About Nelnet Bank

Nelnet Bank is headquartered in Draper, Utah and was established in 2020. It is in the SALT LAKE CITY-MURRAY, UT metro area. It reported $3.00B in total assets and $2.51B in deposits for Q2 2026, the 20th largest of the 44 banks headquartered in Utah. It reports 1 domestic office. Its deposits have been FDIC insured since 2020. Its primary federal regulator is the FDIC. 4 other banks and credit unions headquartered in Draper have a routing number listed here.

What the digits in 124385355 mean

The first four digits, 1243, are the Federal Reserve routing symbol. The prefix 12 places the number in the 12th Federal Reserve District (San Francisco). That is also the district where the bank is headquartered. Digits five through eight, 8535, identify the institution within its Federal Reserve district. The last digit, 5, is a check digit. Weighting the digits 3, 7 and 1 in turn gives 3 x 7 + 7 x 15 + 14 = 140, a multiple of 10, so 124385355 is a well-formed routing number. A mistyped digit almost always breaks that sum.

What is the Nelnet Bank routing number?

The Nelnet Bank routing number is 124385355. It is the primary ABA routing transit number registered to Nelnet Bank, headquartered in Draper, UT. The number comes from the FFIEC National Information Center institution record, last refreshed here on October 25, 2026.

What is the Nelnet Bank wire routing number?

This page lists the primary routing number registered to Nelnet Bank. The record does not say whether the bank uses the same number for wire transfers. Confirm the wire routing number with Nelnet Bank before sending a wire.

Is ABA number 124385355 the routing number for Nelnet Bank?

Yes. It is the primary routing number registered to Nelnet Bank.

Which bank uses routing number 124385355?

It belongs to Nelnet Bank, headquartered in Draper, UT. It is the bank's primary ABA routing number (FDIC certificate 59205).

Routing numbers in Draper, UT

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Comenity Capital Bank: 124085150

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