Routing number is a term for bank code in Canada. The routing number consists of eight numeric digits with a dash between the fifth and sixth digits for a paper finance document encoded with the introduction of magnetic ink characters and nine numerical digits without lines for electronic funds transfer. The routing number is governed by Canadian Payments, formerly known as the Canadian Payment Association, to facilitate the identification of branch locations and financial institutions associated with the account.
Video Routing number (Canada)
Format
The routing number consists of a five digit transit number (which is also called branch number ) that identifies the branch where the account is held and the three digits of the corresponding financial institution number with financial institutions. This number is given as one of the following forms, where XXXXX is the transit number and YYY is the financial institution number:
-
XXXXX-YYYfor MICR-encoded documents -
0YYYXXXXXfor electronic funds transfer
Zero front is used when formatting routing numbers for electronic payments.
Routing symbol
The symbol that limits the routing number on MICR-encoded paper documents is the transit character E-13B (Unicode value U 2446) :?
Transit number
Each branch of a financial institution is assigned a unique transit number for identification. The last digit of the transit number indicates the geographic location of the branch. The association is as follows:
-
XXXX0for British Columbia and Yukon