Transit Number # 24592-001

BankBANK OF MONTREAL
Branch NameKing & Hickory
Routing Number000124592
Transit Number (MICR)24592-001
Address255 King St. N.
CityWaterloo
StateON
Postal CodeN2J 4V2
Location Map of BANK OF MONTREAL
Waterloo,ON
Location Map of King & Hickory branch of BANK OF MONTREAL in Waterloo,ON
 

BANK OF MONTREAL

Waterloo-ON
List of BANK OF MONTREAL Transit Numbers in Waterloo ( ON )
30572-001

 10682-509 10852-509 11632-509
12702-509

 30562-001    

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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.