Largest Receivers of Automated Clearing House Payments in 2004 (corrected)

Published April 11, 2005, 10:08 a.m. EDT

Updated January 02, 1970, 9:08 a.m. EST

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Largest Receivers of Automated Clearing House Payments in 2004 (corrected)

*Largest Receivers of Automated Clearing House Payments in 2004 (corrected)**
Published April 11, 2004
Rank	Receivers	Number of transactions		Total	Change
Rank	Receivers	Debits	Credits	Total	Change
1	Bank of America Corp. Charlotte	427,592,643	393,829,462	821,422,105	42.40%
2	Wells Fargo & Co. San Francisco	244,824,999	206,399,550	451,224,549	20.6
3	Wachovia Corp. Charlotte	212,217,959	193,727,531	405,945,490	40.9
4	JPMorgan Chase & Co. New York	179,142,427	216,711,167	395,853,594	373.5
5	Washington Mutual Inc. Seattle	151,309,544	111,827,440	263,136,984	34.8
6	U.S. Bancorp Minneapolis	112,824,568	97,605,956	210,430,524	18.8
7	Royal Bank of Scotland Group Edinburgh	71,312,882	68,991,837	140,304,719	111.7
8	Citigroup Inc. New York	70,225,415	64,775,613	135,001,028	142.7
9	SunTrust Banks Inc. Atlanta	70,783,966	58,416,638	129,200,604	20
10	Regions Financial Corp. Birmingham, Ala.	62,250,477	48,689,697	110,940,174	141.6
11	National City Corp. Cleveland	56,533,914	53,354,351	109,888,265	23.4
12	BB&T Corp. Winston-Salem, N.C.	51,896,277	47,147,856	99,044,133	40.8
13	PNC Financial Services Group Pittsburgh	50,795,655	43,467,975	94,263,630	14.1
14	Fifth Third Bancorp Cincinnati	39,320,913	51,191,140	90,512,053	24.8
15	AmSouth Bancorp. Birmingham, Ala.	37,635,868	39,460,074	77,095,942	32.3
16	KeyCorp Cleveland	35,707,260	32,454,434	68,161,694	-4.7
17	HSBC Holdings London	30,098,693	32,886,847	62,985,540	21.7
18	M&T Bank Corp.	29,250,330	30,270,728	59,521,058	14.5
19	Navy Federal Credit Union Merrifield, Va.	29,977,449	29,503,375	59,480,824	20.4
20	Mitsubishi Tokyo Financial Group Tokyo	34,322,226	23,090,602	57,412,828	50
21	Commerce Bancorp Inc. Cherry Hill, N.J.	27,513,318	25,175,928	52,689,246	55.4
22	Sovereign Bancorp Inc. Wyomissing, Pa.	24,917,723	23,479,236	48,396,959	28.1
23	USAA Bancorp Inc. San Antonio, Tex.	27,544,764	18,708,183	46,252,947	33.4
24	ABN AMRO Amsterdam	22,960,895	23,276,265	46,237,160	14.3
25	TCF Financial Corp. Wayzata, Minn.	24,700,437	19,599,556	44,299,993	25.3
26	Compass Bancshares Birmingham, Ala.	18,989,936	24,866,462	43,856,398	31.3
27	Banknorth Group Inc. Portland, Maine	18,694,717	21,321,583	40,016,300	29.5
28	BNP Paribas Paris	21,526,776	16,796,336	38,323,112	65.8
29	Comerica Inc. Detroit	17,920,688	15,642,592	33,563,280	17.2
30	Hibernia Corp. New Orleans	19,716,554	13,592,133	33,308,687	36.2
31	Mellon Financial Corp. Pittsburgh	4,479,521	28,694,637	33,174,158	3.6
32	Commerce Bancshares Inc. Kansas City, Mo.	18,362,303	13,403,874	31,766,177	21.5
33	Huntington Bancshares Inc. Columbus, Ohio	16,252,486	14,536,469	30,788,955	21.6
34	Bank of New York Co. Inc. New York	13,702,253	15,289,178	28,991,431	16.7
35	State Employees Credit Union Raleigh, N.C.	14,328,112	9,565,803	23,893,915	6.2
36	Arvest Bank Group Bentonville, Ark.	13,896,832	9,797,434	23,694,266	69.1
37	Harris Bancorp Chicago	13,020,406	9,359,138	22,379,544	22.2
38	Marshall & Ilsley Corp. Milwaukee	10,594,653	9,692,051	20,286,704	-5.1
39	First Horizon National Corp. Memphis	11,057,276	9,217,482	20,274,758	15.7
40	Golden 1 Credit Union Sacramento	12,564,105	6,140,471	18,704,576	NA
41	FirstMerit Corp. Akron	9,933,474	7,688,222	17,621,696	34.7
42	UMB Financial Corp. Kansas City, Mo.	8,217,353	9,059,715	17,277,068	11.7
43	Peoples Mutual Holdings Bridgeport, Conn.	8,412,533	8,791,411	17,203,944	22.5
44	First Citizens Bancshares Inc. Raleigh, N.C.	10,084,881	6,041,216	16,126,097	21.6
45	North Fork Bancorp. Melville, N.Y.	8,074,216	8,001,708	16,075,924	40.4
46	Popular Inc. San Juan, Puerto Rico	6,688,444	9,219,317	15,907,761	12.7
47	Webster Financial Corp. Waterbury, Conn.	7,386,674	8,349,097	15,735,771	NA
48	Zions Bancorp Salt Lake City	7,823,219	6,833,147	14,656,366	22.6
49	BOK Financial Group Tulsa	7,662,619	6,238,037	13,900,656	27.6
50	Royal Bank of Canada Montreal	8,002,630	5,328,636	13,331,266	-1.1

*By holding company; volumes do not include on-us transactions

The original version of this table misidentified a bank. It ranked ranked Allied Irish Bank, of Dublin, at No. 18 for receiving ACH payments. The correct name of the company is M&T Bank Corp. M&T is not owned by Allied Irish. Nacha, the electronic payments association, which created the rankings, provided incorrect information to American Banker.

Source: Nacha