Transit Number # 01062-010

BankCanadian Imperial Bank of Commerce (Laurentian Bank of Canada)
Branch Name575 Brant Street Banking Centre
Routing Number001001062
Transit Number (MICR)01062-010
Address575 Brant Street
CityBurlington
StateON
Postal CodeL7R 2G6
Location Map of Canadian Imperial Bank of Commerce
Burlington,ON
Location Map of 575 Brant Street Banking Centre branch of Canadian Imperial Bank of Commerce in Burlington,ON
 

Canadian Imperial Bank of Commerce

Burlington-ON
List of Canadian Imperial Bank of Commerce Transit Numbers in Burlington ( ON )
00262-010

 01062-010 03562-010 03962-010
04362-010

 04762-010 05162-010 08962-010
68772-010

      

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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.