MONTREAL TRUST COMPANY OF CANADA
Ontario - Hamilton
G.I.C. Repayments
Routing Number # 055030262

BankMONTREAL TRUST COMPANY OF CANADA
Branch NameG.I.C. Repayments
Routing Number055030262
MICR (Transit Number)60012-002
Address31 Main Street West
CityHamilton
StateOntario
Postal CodeL8P 1G9
Location Map of MONTREAL TRUST COMPANY OF CANADA
Hamilton,ON
Location Map of G.I.C. Repayments branch of MONTREAL TRUST COMPANY OF CANADA in Hamilton,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.