Transit Number # 62742-837

Credit Union	Meridian Credit Union (Meridian)
Branch Name	MERIDIAN CREDIT UNION
Routing Number	083762742
Transit Number (MICR)	62742-837
Address	120 McQueen Blvd
City	Fergus
State	ON
Postal Code	N1M 3T8

Location Map of Meridian Credit Union
Fergus,ON

Meridian Credit Union

Fergus-ON

List of Meridian Credit Union Transit Numbers in Fergus ( ON )

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What is the Routing Number?

A routing number identifies the financial institution and the branch to which a payment item is directed. Along with the account number, it is essential for delivering payments through the clearing system.

In Canada, there are two formats for routing numbers:

EFT Routing Number

An Electronic Fund Transactions (EFT) routing number is comprised of a three-digit financial institution number and a five-digit branch number, preceded by a "leading zero".
Example : 0XXXYYYYY

0 : Leading zero
YYY : Institution Number
XXXXX : Branch Number

The electronic routing number is used for routing electronic payment items, such as direct deposits and wire transfers.

MICR Number (Transit Number)

MICR Numbers or widely known as Transit Numbers are used in cheques processing. It appears on the bottom of negotiable instruments such as checks identifying the financial institution on which it was drawn.
A paper (MICR) routing number is comprised of a three-digit financial institution number and a five-digit branch number. It is encoded using magnetic ink on paper payment items (such as cheques).
Example : XXXXX-YYY

XXXXX : Branch Number
YYY : Institution Number

MICR stands for Magnetic Ink Character Recognition.