Royal Bank of Canada
Ontario - Orillia
Orillia BR (Business Accounts)
Routing Number # 000308962

BankRoyal Bank of Canada (RBC)
Branch NameOrillia BR (Business Accounts)
Routing Number000308962
MICR (Transit Number)08962-003
Address3205 Monarch Drive
CityOrillia
StateOntario
Postal CodeL3V 7Z4
Location Map of Royal Bank of Canada
Orillia,ON
Location Map of Orillia BR (Business Accounts) branch of Royal Bank of Canada in Orillia,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.