Transit Number # 10401-016

Bank	HSBC Bank Canada (HSBC Bank Canada)
Branch Name	Sherbrooke
Routing Number	001610401
Transit Number (MICR)	10401-016
Address	2785 King Street West
City	Sherbrooke
State	QC
Postal Code	J1L 1X6

Location Map of HSBC Bank Canada
Sherbrooke,QC

HSBC Bank Canada

Sherbrooke-QC

List of HSBC Bank Canada Transit Numbers in Sherbrooke ( QC )

10401-016

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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.