|Bank||Canadian Imperial Bank of Commerce (Laurentian Bank of Canada)|
|Branch Name||Bagot & Brock Banking Centre|
|MICR (Transit Number)||00542-010|
|Address||256 Bagot St., P.O. Box 1088|
|Postal Code||K7L 4Y5|
Location Map of Canadian Imperial Bank of Commerce
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 NumberAn 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
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