What is Canada Routing / Transit Number?

A routing number identifies your bank or financial institution particular branch & this code is used for local bank account fund transfer. In Canada bank routing code lenth is eight digits & it'll printed on your personal cheque leaf.

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Routing Number Details of MONTREAL TRUST COMPANY OF CANADA, G.I.C. REPAYMENTS Branch
INSTITUTION TYPE TRUST COMPANY
INSTITUTION NAME MONTREAL TRUST COMPANY OF CANADA
INSTITUTION CODE 550

(Last three digits of MICR / Transit Number is the Institution Code.)

BRANCH NAME G.I.C. REPAYMENTS
BRANCH CODE / TRANSIT 01032

(First five digits of MICR / Transit Number is the Branch Code / Transit.)

ROUTING NUMBER 055030172

(Routing number electronic payment format.)

(Use for electronic fund transfer accross own country.)

MICR CODE / TRANSIT NUMBER 01032-002

(Routing number MICR-encoded paper payment format.)

CANADIAN CLEARING CODE (CC) //CC055030172

(Also known as Canadian sort code.)

CHIPS UID N/A Updated soon
ADDRESS 171 QUEENS AVENUE
CITY NAMELONDON
STATE NAME ONTARIO
STATE CODE ON
POSTAL CODE N6A 5J7
SWIFT CODE
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About About MONTREAL TRUST COMPANY OF CANADA, G.I.C. REPAYMENTS Branch

General Information -

The Montreal Trust Company Of Canada , G.i.c. Repayments Branch is Located in London City, Ontario . Address is: 171 Queens Avenue , London , Ontario , Postal Code - N6a 5j7.
Institution Code is : 550, Branch Code is : 01032, Canadian Clearing Code (CC) / Sort Code is : //CC055030172, Chips UID is : N/A Updated soon.
The Routing Code of Montreal Trust Company Of Canada , G.i.c. Repayments Branch is : 055030172
The MICR Code / Transit Number of Montreal Trust Company Of Canada , G.i.c. Repayments Branch is : 01032-002
The SWIFT/BIC Code of Montreal Trust Company Of Canada , G.i.c. Repayments Branch is :

Bank Operational Time -

Breakdown of Montreal Trust Company Of Canada, G.i.c. Repayments Branch Routing Number

0

5

5

0

3

0

1

7

2

Leading Zero

Financial Institution Code

Branch Transit Number

The first one digit (0) leading zero & it's used for formatting the Canadian routing number in an electronic transaction.

Next three digits (550) is financial institution code. It's identifying the financial institution & here it's representing Montreal Trust Company Of Canada.

Last five digits is (30172) - It's an unique identifier no for the particular financial institution branch & here it's representing Montreal Trust Company Of Canada, G.i.c. Repayments Branch.


Breakdown of Montreal Trust Company Of Canada, G.i.c. Repayments Branch MICR Code / Transit Number

0

1

0

3

2

-

0

0

2

Branch Transit Number

Financial Institution Number

The first five digits (01032) is the branch transit number, here it's representing Montreal Trust Company Of Canada Bank, G.i.c. Repayments Branch.

Next three digits (002) is bank / financial institution code & here it's representing Montreal Trust Company Of Canada.

FAQ

The Montreal Trust Company Of Canada G.i.c. Repayments branch is located in 171 Queens Avenue , London City, Postal Code - N6a 5j7, Ontario , Canada.

The Routing Number of Montreal Trust Company Of Canada, G.i.c. Repayments Branch is: 055030172

The MICR Code / Transit Number of Montreal Trust Company Of Canada , G.i.c. Repayments Branch is 01032-002

The Institution Code or Bank Code of Montreal Trust Company Of Canada is : 550.

The Branch Number / Transit Number of G.i.c. Repayments Branch is : 01032.

The Canadian Clearing Code (CC) of G.i.c. Repayments Branch is : //CC055030172.

The Chips UID of G.i.c. Repayments Branch is : N/a Updated Soon.

General Information About Canada Bank Routing Number & Transit Number


What is Canada Bank Routing Number?

A routing number identifies your bank or financial institution perticular branch & this code is used for local bank account fund transfer. This code will be printed on your personal cheque leaf.

The Canadian routing number is 8 or 9 digit numerical code. In this format, if the 8 digit code has a dash between the 5th and 6th digit, then it is meant for MICR-encoded financial documentation whereas if the 9-digit code has no dash, then it is meant for electronic fund transfers. For instance, XXXXX-YYY is for MICR-encoded documents and 0YYYXXXXX is used for electronic transfers.

The first three digits of the routing number is the identifier of the financial institution or bank branch & last five digits of the number is the transit number.

In MICR Code the first five digits is branch number & it's help to identify the perticular financial institution branch & last three digits is the financial instituion dentifier number.

As a general rule, Bank institution numbers start with 0, 2, 3, or 6, Credit Union and Caisse Populaire institution numbers start with 8, and Trust Company institution numbers with 5.

Structure of the Canada Bank Routing Number

This is a special unique code or identifies number is generated with the combination of the first three digits bank code, next two digits means fourth & fifth digit is district code, then next three digits means sixth, seventh & eighth digit is branch code and at last one means nineth digit is cheque digit. This special unique bank routing number is also printed on the bottom-left of your bank cheque leafs.


Example : Breakdown of Canada Bank Routing Number

0

X

X

X

Y

Y

Y

Y

Y

Leading Zero

Financial Institution Code

Branch Transit Number


Structure of the Canada Bank MICR / Transit Number

This is a special unique code or identifies number is generated with the combination of the first three digits bank code, next two digits means fourth & fifth digit is district code, then next three digits means sixth, seventh & eighth digit is branch code and at last one means nineth digit is cheque digit. This special unique bank routing number is also printed on the bottom-left of your bank cheque leafs.


Example : Breakdown of Canada Bank MICR / Transit Number

X

X

X

X

X

-

Y

Y

Y

Branch Transit Number

Financial Institution Number


What is MICR code used for?

A Canadian bank routing number is used for various financial purposes. Direct deposits, making payments like bills or depositing salary or pension, cheque payment, and to perform wire transfers, one may require to give their bank routing number.


In a Canadian bank transit number, the last digit of the branch number, with few exceptions, indicates the geographical location of the branch.

Branch numbers ending with :

Number Location
0 British Columbia and Yukon.
1 Western Québec including Montreal and surrounding areas.
2 Ontario including Toronto and surrounding area.
3 Nova Scotia, Prince Edward Island and Newfoundland excluding Labrador.
4 New Brunswick.
5 Eastern Québec including Labrador.
6 Eastern Ontario including Ottawa and surrounding area.
7 Manitoba and North-Western Ontario.
8 Saskatchewan.
9 Alberta, the Northwest Territories and Nunavut.