Ontario including Toronto and surrounding area. Western Québec including Montreal and surrounding areas. In a Canadian bank transit number, the last digit of the branch number, with few exceptions, indicates the geographical location of the branch. Direct deposits, making payments like bills or depositing salary or pension, cheque payment, and to perform wire transfers, one may require to give their bank routing number. This special unique bank routing number is also printed on the bottom-left of your bank cheque leafs.Įxample : Breakdown of Canada Bank MICR / Transit NumberĪ Canadian bank routing number is used for various financial purposes.
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This is a special unique code or identifies number is generated with the combination of the first three digits bank code, next two digits means fourth & fifth digit is district code, then next three digits means sixth, seventh & eighth digit is branch code and at last one means nineth digit is cheque digit.
Structure of the Canada Bank Routing Number In MICR Code the first five digits is branch number & it's help to identify the perticular financial institution branch & last three digits is the financial instituion dentifier number.Īs a general rule, Bank institution numbers start with 0, 2, 3, or 6, Credit Union and Caisse Populaire institution numbers start with 8, and Trust Company institution numbers with 5. The first three digits of the routing number is the identifier of the financial institution or bank branch & last five digits of the number is the transit number.
For instance, XXXXX-YYY is for MICR-encoded documents and 0YYYXXXXX is used for electronic transfers. In this format, if the 8 digit code has a dash between the 5th and 6th digit, then it is meant for MICR-encoded financial documentation whereas if the 9-digit code has no dash, then it is meant for electronic fund transfers. The Canadian routing number is 8 or 9 digit numerical code. This code will be printed on your personal cheque leaf. General Information About Canada Bank Routing Number & Transit NumberĪ routing number identifies your bank or financial institution perticular branch & this code is used for local bank account fund transfer.
for the routing number, the first digit is the leading zero.The format of Routing Number, MICR Number is as follows It appears on the bottom of negotiable instruments such as checks identifying the financial institution on which it was drawn. MICR Numbers or widely known as Transit Numbers are used in cheques processing. For international inward money transfer, a SWIFT code must be used together with a Routing Number and Account Number. To make money transfer, the Routing Number is used together with the bank account number of the recipient. The Routing Number is used for domestic transfer. It is used by Canadian Banks, Credit Unions and Trust Companies for Electronic Fund Transactions (EFT) within Canada. Canadian Routing Numbers is a nine digits numerical codes used to identify an individual branch of a financial institution in Canada.
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