Transit Number # 07202-294

BankSBI CANADA BANK
Branch NameBrampton Branch
Routing Number029407202
Transit Number (MICR)07202-294
Address248 Queen Street East
CityBrampton
StateON
Postal CodeL6V 1B9
Location Map of SBI CANADA BANK
Brampton,ON
Location Map of Brampton Branch branch of SBI CANADA BANK in Brampton,ON
 

SBI CANADA BANK

Brampton-ON
List of SBI CANADA BANK Transit Numbers in Brampton ( ON )
07202-294

      

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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.