Transit Number # 10042-016

BankHSBC Bank Canada (HSBC Bank Canada)
Branch NameMilliken Square
Routing Number001610042
Transit Number (MICR)10042-016
Address15 Milliken Boulevard
CityScarborough
StateON
Postal CodeM1V 1V3
Location Map of HSBC Bank Canada
Scarborough,ON
Location Map of Milliken Square branch of HSBC Bank Canada in Scarborough,ON
 

HSBC Bank Canada

Scarborough-ON
List of HSBC Bank Canada Transit Numbers in Scarborough ( ON )
00022-016

 10042-016 10282-016  

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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.