Royal Bank of Canada
Ontario - Elliot Lake
Elliot Lake Branch
Routing Number # 000301342

BankRoyal Bank of Canada (RBC)
Branch NameElliot Lake Branch
Routing Number000301342
MICR (Transit Number)01342-003
Address2 Saskatchewan Rd
CityElliot Lake
StateOntario
Postal CodeP5A 1Z1
Location Map of Royal Bank of Canada
Elliot Lake,ON
Location Map of Elliot Lake Branch branch of Royal Bank of Canada in Elliot Lake,ON
 

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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.