Transit Number # 31562-001

BankBank of Montreal (BMO)
Branch Name17600 Yonge Street
Routing Number000131562
Transit Number (MICR)31562-001
Address17600 Yonge Street
CityNewmarket
StateON
Postal CodeL3Y 4Z1
Location Map of Bank of Montreal
Newmarket,ON
Location Map of 17600 Yonge Street branch of Bank of Montreal in Newmarket,ON
 

Bank of Montreal

Newmarket-ON
List of Bank of Montreal Transit Numbers in Newmarket ( ON )
03502-001

 26992-001 31562-001 38442-001
39562-001

 39992-001    

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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.