Transit Number # 03642-003

BankRoyal Bank of Canada (RBC)
Branch NameOtterville Branch
Routing Number000303642
Transit Number (MICR)03642-003
Address202 Main St E-PO Box 10, 202 Main St E
CityOtterville
StateON
Postal CodeN0J 1R0
Location Map of Royal Bank of Canada
Otterville,ON
Location Map of Otterville Branch branch of Royal Bank of Canada in Otterville,ON
 

Royal Bank of Canada

Otterville-ON

List of Royal Bank of Canada Transit Numbers in Otterville ( ON )
03642-003

     

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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.