Transit Number # 00022-294

BankSBI CANADA BANK
Branch NameScarborough Branch
Routing Number029400022
Transit Number (MICR)00022-294
Address3471 Sheppard Avenue East
CityScarborough
StateON
Postal CodeM1T 3K5
Location Map of SBI CANADA BANK
Scarborough,ON
Location Map of Scarborough Branch branch of SBI CANADA BANK in Scarborough,ON
 

SBI CANADA BANK

Scarborough-ON
List of SBI CANADA BANK Transit Numbers in Scarborough ( ON )
00022-294

 07192-294    

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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.