Routing Number # 058005022

Financial InstituteROYAL TRUST CORPORATION OF CANADA
Branch NameCambridge
Routing Number058005022
Transit Number (MICR)01622-003
Address73 Main St
CityCambridge
StateON
Postal CodeN1R 1V9
Location Map of ROYAL TRUST CORPORATION OF CANADA
Cambridge,ON
Location Map of Cambridge branch of ROYAL TRUST CORPORATION OF CANADA in Cambridge,ON
 

ROYAL TRUST CORPORATION OF CANADA

Cambridge-ON
List of ROYAL TRUST CORPORATION OF CANADA routing numbers in Cambridge ( ON )
058005022

      

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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.