Routing Number # 001006899

BankCanadian Imperial Bank of Commerce (Laurentian Bank of Canada)
Branch NameIqaluit Banking Centre
Routing Number001006899
Transit Number (MICR)06899-010
Address611 Ring Rd, PO Box 2439
CityIqaluit
StateNU
Postal CodeX0A 0H0
Location Map of Canadian Imperial Bank of Commerce
Iqaluit,NU
Location Map of Iqaluit Banking Centre branch of Canadian Imperial Bank of Commerce in Iqaluit,NU
 

Canadian Imperial Bank of Commerce

Iqaluit-NU
List of Canadian Imperial Bank of Commerce routing numbers in Iqaluit ( NU )
001006899

      

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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.