THE CANADA TRUST COMPANY
Ontario - Oakville
Oakville PIC
Routing Number # 050954802

BankTHE CANADA TRUST COMPANY
Branch NameOakville PIC
Routing Number050954802
MICR (Transit Number)54802-509
Address282 Lakeshore Road E - 2nd Floor
CityOakville
StateOntario
Postal CodeL6J 1J2
Location Map of THE CANADA TRUST COMPANY
Oakville,ON
Location Map of Oakville PIC branch of THE CANADA TRUST COMPANY in Oakville,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.