Routing
Routing Numbers and Transit Numbers
Canadian Transit Number:
Canadian Transit Number is a 9 character code used for routing of cheques (checks) and paper instruments in the banking industry. This code identifies the branch (and bank/credit union) on which the cheque is drawn. It is also known as check routing number and MICR Code.
The format of check transit number – XXXXX–YYY
The first 5 digit is called branch transit number and identifies the exact branch of the bank. YYY is the institution code which identifies the bank or credit union. There is a dash (or hyphen) separating the branch code and institution code. As a general rule, bank institution numbers start with 0, 2, 3, or 6, while Credit Union and Caisse Populaire institution numbers start with 8, and Trust Company institution numbers with 5. The big 4 banks have the following institution code –
001 – Bank of Montreal
002 – Bank of Nova Scotia
003 – Royal Bank of Canada
004 – TD Canada Trust
Canadian Routing Number:
Canadian Routing Number is a 9 digit code used for electronic fund transfers (EFT) such as direct deposits, electronic payments, etc. The Routing Number are also formed using the branch code and bank code discussed above.
Routing Number Format
Routing number (EFT Code) is a 9 digit code comprising of a leading zero (0), the institution number (YYY), then the branch number (XXXXX). For example if a cheque MICR code is XXXXX-YYY, the corresponding EFT code would be 0YYYXXXXX.
If you want to setup a direct deposit or want to make a electronic fund transfer to someone’s account, the sender’s bank will ask for following three things –
1. Recipient’s Full Name
2. Recipient’s Account Number
3. Routing Number (and possibly the bank name)
Find Routing Number: Search for the routing number using our routing number search tool below –
For International Transfers, bank will also ask for the swift code (also called BIC code) along with the above three details.
Difference between Routing Number and Transit Number:
Both routing number and transit numbers are formed using the branch code and institution code. However, there is a difference in the format as discussed above. The term routing number is used in connection with the electronic fund transfers (EFT) and thus also known as EFT Code while the transit number is used usually in connection with the paper instruments such as cheques. You can also find transit number on the cheque issued to you by your bank. The transit number is also called MICR code.
Note: If a cheque code is XXXXX-YYY, the corresponding EFT code would be 0YYYXXXXX.
If you have any questions on the electronic payment or routing number, please leave a comment below. We’d be happy to help!
Royal Bank of Canada (RBC) Routing Numbers
CIBC Routing Number
Canadian Imperial Bank of Commerce (CIBC) is one of the biggest banks in Canada. You can find routing transit number for all branches of CIBC bank in Canada. Use the CIBC Routing Number Search tool or just click on the name of the city where your CIBC branch is situated. Routing Numbers are 9 digit bank identification number which are used for initiating direct debit, wire transfers, check routing and other electronic payments. You can also locate the routing number on the check book issued by your bank.
TD Canada Trust Routing Numbers
TD Canada Trust is the personal, small business and commercial banking operation of the Toronto-Dominion Bank (TD) in Canada. TD Canada Trust offers a range of financial services and products to more than 10 million Canadian customers through more than 1,100 branches and 2,600 “Green Machine” ABMs. (Automated Banking Machines)
The current TD Canada Trust division was formed after TD’s acquisition of Canada Trust in 2000. All new and most existing accounts are officially issued by TD Bank (Institution Number: 004), although Canada Trust (Institution Number: 509) remains a separate subsidiary entity, and remains the issuer of accounts opened at that institution prior to the merger.
You can find routing number for all branches of TD Canada Trust using the below table –
Montreal Trust Company Routing Transit Numbers
Montreal Trust Company of Canada was originally established in 1889 as the Montreal Safe Company and became a trust company only a few years later. In 1994, the Montreal Trust Company became a member of the Scotia Group of Companies when Scotiabank completed its acquisition.
Mailing address for Montreal Trust Company
Executive Offices, Scotia Plaza, 9th Floor
44 King Street W
Toronto, Ontario
Canada M5H 1H1
Manitoba Credit Union Routing Number
Credit Union Central of Manitoba is the trade association for Manitoba’s 41 credit unions, providing services in areas of capital and financial management, banking services, product and service research and development, consulting and representation and advocacy.
Credit Union Central of Manitoba
- The Credit Unions and Caisses Populaires Act requires that all provincial credit unions belong to Credit Union Central of Manitoba.
- Manitoba credit unions jointly own Central; representatives from nine provincial districts sit on its board of directors.
- Credit Union Central of Manitoba is financed through fees and income derived through its operations and levies based on individual credit unions’ assets and/or membership.
- Through Central, Manitoba credit unions share cheque clearing, data processing, investments and loans, training and education, marketing and research, government liaison. They also call upon Central’s consulting services in areas such as technology, business development, and agricultural and business lending.
- Provincial Centrals in every province collectively own and control Credit Union Central of Canada, located in Mississauga, Ontario, which performs, at the federal level, similar functions as provincial Centrals.
Meridian Credit Union Routing Number
Meridian is Ontario’s largest credit union. It was formed April 1, 2005, following the merger of Niagara Credit Union and HEPCOE Credit Union. Meridian is the fourth largest credit union in Canada, and the largest credit union in Ontario, serving more than 250,000 members with total assets under administration of $9.2 billion. Meridian offers a full range of banking, wealth management, credit products and services through 64 branches, and seven Commercial Business Centres. It has more than 1,200 employees in its 65 branches, 7 Commercial Business Centres and corporate offices.
SASKATCHEWAN Credit Union Routing Number
Credit Union Central of Saskatchewan was founded in 1938 and is based in Regina, Canada. Credit Union Central of Saskatchewan, a financial co-operative, provides research, development support, consulting, and financial liquidity management services to credit unions in Canada. It offers market solutions, including strategic human capital management, organization effectiveness, executive search and retention strategies, employee and labour relations, total compensation, market research, sales and service culture, lending and deposit products and support, and compliance training, as well as organization learning, development, and training; promotional items, stationery products, and marketing materials; and business support services, such as enterprise risk management, board governance, strategic and operational planning, business process improvement, relief management, and internal audit. The company also provides strategic investment and liquidity management services, which include management of credit union statutory liquidity, clearing and settlement services, and investments in partner organizations.
Royal Trust Corporation of Canada Routing Transit Number
Royal Trust Corporation of Canada (“RT”) is wholly owned subsidiary of Royal Bank of Canada (RBC) which serves investors as trustee and custodians. RT ranks first in Canada in terms of assets under administration, with over $1.4 trillion. RT of Canada is 10th largest custodian in the world. Royal Trust Corporation of Canada’s Institution Number (or bank number) is 058. You can search routing number for this bank in your city below. Just click on the below links or type in your city after the bank name.