Transit Number # 51003-002

Bank	THE BANK OF NOVA SCOTIA
Branch Name	Sherwood
Routing Number	000251003
Transit Number (MICR)	51003-002
Address	135 St-Peters Road
City	Charlottetown
State	PE
Postal Code	C1A 5P3

Location Map of THE BANK OF NOVA SCOTIA
Charlottetown,PE

THE BANK OF NOVA SCOTIA

Charlottetown-PE

List of THE BANK OF NOVA SCOTIA Transit Numbers in Charlottetown ( PE )

30023-002

51003-002

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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.