Transit Number # 05578-001

BankBank of Montreal (BMO)
Branch NameMarket Mall
Routing Number000105578
Transit Number (MICR)05578-001
Address2325 Preston Ave.
CitySaskatoon
StateSK
Postal CodeS7J 2G2
Location Map of Bank of Montreal
Saskatoon,SK
Location Map of Market Mall branch of Bank of Montreal in Saskatoon,SK
 

Bank of Montreal

Saskatoon-SK
List of Bank of Montreal Transit Numbers in Saskatoon ( SK )
00348-001

 05548-001 05578-001 06028-001
06068-001

 06188-001 06528-001 26808-001
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 34658-001 37398-001  

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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.