THE CANADA TRUST COMPANY
Ontario - Markham
Markham 48 & 16th
Routing Number # 050916522

BankTHE CANADA TRUST COMPANY
Branch NameMarkham 48 & 16th
Routing Number050916522
MICR (Transit Number)16522-509
Address383 Main Street North
CityMarkham
StateOntario
Postal CodeL3P 1Z3
Location Map of THE CANADA TRUST COMPANY
Markham,ON
Location Map of Markham 48 & 16th branch of THE CANADA TRUST COMPANY in Markham,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.