Check out finance tips articles and topics about financing in Canada. With Comparewise, saving on your finances in Canada is hassle-free.
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The unique 9-digit number assigned to financial institutions in Canada is called a routing number. This number identifies the financial institution responsible for a transaction and allows banks to transfer money digitally.
In Canada you’ll need to know your bank account’s routing number if you want to send an online bank transfer.
The cheque routing number is a 9-digit code located on the left side of the cheque, often in the bottom corner. This set of numbers use magnetic ink character recognition skill. It can have different formats and contain hyphens or other separators.