Transit Number # 07234-003

BankROYAL BANK OF CANADA
Branch NameRT-Gateway Br
Routing Number000307234
Transit Number (MICR)07234-003
Address360 March Rd
CityKanata
StateON
Postal CodeK2K 2T5
Location Map of ROYAL BANK OF CANADA
Kanata,ON
Location Map of RT-Gateway Br branch of ROYAL BANK OF CANADA in Kanata,ON
 

ROYAL BANK OF CANADA

Kanata-ON
List of ROYAL BANK OF CANADA Transit Numbers in Kanata ( ON )
00726-003

      

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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.