Transit Number # 02942-010

BankCanadian Imperial Bank of Commerce (Laurentian Bank of Canada)
Branch NameStevenson & Rossland Banking Centre
Routing Number001002942
Transit Number (MICR)02942-010
Address500 Rossland Rd. W.
CityOshawa
StateON
Postal CodeL1J 3H2
Location Map of Canadian Imperial Bank of Commerce
Oshawa,ON
Location Map of Stevenson & Rossland Banking Centre branch of Canadian Imperial Bank of Commerce in Oshawa,ON
 

Canadian Imperial Bank of Commerce

Oshawa-ON
List of Canadian Imperial Bank of Commerce Transit Numbers in Oshawa ( ON )
00142-010

 01342-010 02142-010 02942-010
04142-010

 04542-010 05142-010 07542-010

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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.