Transit Number # 07372-003

Financial InstituteRoyal Bank of Canada (RBC)
Branch Name35 King St W
Routing Number058005822
Transit Number (MICR)07372-003
AddressPO Box 400
CityForest
StateON
Postal CodeN0N 1J0
Location Map of Royal Bank of Canada
Forest,ON
Location Map of 35 King St W branch of Royal Bank of Canada in Forest,ON
 

Royal Bank of Canada

Forest-ON

List of Royal Bank of Canada Transit Numbers in Forest ( ON )
07284-003

07372-003    

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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.