---
title: "Banking terms in the payments glossary"
description: "How banks hold and move money behind the scenes: correspondent banking, routing numbers, and how deposit insurance passes through to customers."
canonical: "https://infinite.net/learn/glossary/category/banking"
---

# Banking terms in the payments glossary

How banks hold and move money behind the scenes: correspondent banking, routing numbers, and how deposit insurance passes through to customers.

- [Correspondent banking](https://infinite.net/learn/glossary/correspondent-banking.md): The arrangement where one bank holds accounts and executes payments for another, enabling cross-border transfers between banks with no direct relationship.
- [Pass-through deposit insurance](https://infinite.net/learn/glossary/pass-through-deposit-insurance.md): FDIC coverage that extends through a custodial account to the underlying owners of the funds, when the FDIC’s pass-through conditions are met.
- [Routing number](https://infinite.net/learn/glossary/routing-number.md): The nine-digit code that identifies a US financial institution on payment rails — it tells ACH, Fedwire, and check systems where an account lives.

## More of the glossary

- [Assets terms in the payments glossary](https://infinite.net/learn/glossary/category/assets.md): The instruments that move on stablecoin rails: what stablecoins are, how they are minted, redeemed, and backed, and how reserves are verified.
- [Accounts terms in the payments glossary](https://infinite.net/learn/glossary/category/accounts.md): Account structures for holding business funds: demand deposit accounts, virtual and FBO accounts, and how pooled and per-customer structures differ.
- [Compliance terms in the payments glossary](https://infinite.net/learn/glossary/category/compliance.md): The controls behind compliant payments: KYB and KYC, sanctions screening, transaction monitoring, and the BSA framework US institutions operate under.
- [Payment rails terms in the payments glossary](https://infinite.net/learn/glossary/category/payment-rails.md): The networks that settle business payments (SWIFT, ACH, Fedwire, RTP, and stablecoin rails) and how their speed, hours, and finality compare.
- [Agentic payments terms in the payments glossary](https://infinite.net/learn/glossary/category/agentic-payments.md): How AI agents move money: spending limits, human-in-the-loop approvals, agent compliance, and the authorization layer behind agent-initiated payments.
- [Payments glossary | Direct answers to every term](https://infinite.net/learn/glossary.md): Every term in the payments glossary, grouped by category (stablecoins, accounts, compliance, payment rails, banking, and FX), each with a direct answer up top.