Transit Number # 01302-532

Financial InstituteTHE EFFORT TRUST COMPANY
Branch NameToronto Branch
Routing Number053201302
Transit Number (MICR)01302-532
Address980 Yonge St-Suite 30
CityToronto
StateON
Postal CodeM4W 3V8
Location Map of THE EFFORT TRUST COMPANY
Toronto,ON
Location Map of Toronto Branch branch of THE EFFORT TRUST COMPANY in Toronto,ON
 

THE EFFORT TRUST COMPANY

Toronto-ON
List of THE EFFORT TRUST COMPANY Transit Numbers in Toronto ( ON )
01302-532

      

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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.