Transit Number # 10242-016

BankHSBC Bank Canada (HSBC Bank Canada)
Branch Name3029 Argentia Rd Unit 101
Routing Number001610242
Transit Number (MICR)10242-016
Address3029 Argentia Rd Unit 101
CityMississauga
StateON
Postal CodeL5N 8P7
Location Map of HSBC Bank Canada
Mississauga,ON
Location Map of 3029 Argentia Rd Unit 101 branch of HSBC Bank Canada in Mississauga,ON
 

HSBC Bank Canada

Mississauga-ON
List of HSBC Bank Canada Transit Numbers in Mississauga ( ON )
10052-016

 10062-016 10072-016 10082-016
10242-016

 10272-016    

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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.