Routing number (Canada)

A routing number is the term for bank codes in Canada. Routing numbers consist of eight numerical digits with a dash between the fifth and sixth digit for paper financial documents encoded with magnetic ink character recognition and nine numerical digits without dashes for electronic funds transfers. Routing numbers are regulated by Payments Canada, formerly known as the Canadian Payments Association, to allow easy identification of the branch location and financial institution associated with an account.

Format

A routing number consists of a five digit transit number (also called branch number) identifying the branch where an account is held and a three digit financial institution number corresponding to the financial institution. The number is given as one of the following forms, where XXXXX is the transit number and YYY is the financial institution number:

A leading zero is used when formatting a routing number for electronic payments.

Routing symbol

The symbol that delimits a routing number on MICR-encoded paper documents is the E-13B transit character (Unicode value U+2446): ⑆

Transit numbers

Each branch in a financial institution is assigned a unique transit number for identification. The format of the transit number may vary by institution.

Most institutions use the transit number and branch number synonymously. TD and Bank of Montreal use four-digit branch numbers, reserving the final digit of the transit number for the geographical location of the branch.

While there is variation between institutions, most transit numbers encode geographic region into the last digit using a pattern like:

In this pattern, the first branch of the first national bank (Banque de Montréal, 119, rue Saint Jacques, Montréal) would be branch 0001, institution 001, in western Québec yielding MICR code 00011-001.

BMO and TD do not consider the fifth digit of the transit number to be part of the branch number and will not create five-digit codes for different branches which differ only in the final, fifth digit.[lower-alpha 3] If Montreal is 00011-001 then the next site (First Canadian Place Toronto) is 00022-001, with 00012-001 remaining permanently unassigned.

RBC also uses four-digit branch numbers, but these include the last digit, with the transit numbers instead being padded with leading zeroes.[lower-alpha 4] While some older branches happen to adhere to the pattern above, it has been abandoned for many newer RBC branches, apparently to limit RBC's branch transit numbers to four digits.

Most small local credit unions use the institution number to indicate a "Credit Union Central" organisation for a specific province; the transit number indicates a specific branch of a specific member institution. As transit numbers are issued arbitrarily or sequentially, multiple branches of the same credit union typically do not get assigned a contiguous block of numbers. While the province may be embedded in the transit number, the info is superfluous; a small Ontario credit union will be XXXX2-828 regardless of its location in-province.

Financial institution numbers

A selection of institution numbers for major Canadian financial institutions is below.[lower-alpha 5]

Bank NameInstitution Number
Bank of Montreal (operating as BMO) 001
Bank of Nova Scotia (operating as Scotiabank) 002
Royal Bank of Canada (operating as RBC) 003
Toronto-Dominion Bank (operating as TD Canada Trust) 004
National Bank of Canada 006
Canadian Imperial Bank of Commerce (includes Simplii Financial) 010
HSBC Canada 016
Canadian Western Bank 030
Laurentian Bank of Canada 039
Government of Canada[lower-alpha 6] 117
Canada Post (money orders) 127
Bank of Canada (Canadian central bank) 177
ATB Financial 219
MUFG Bank, Canada Branch 245
Citibank Canada 260
Mega International Commercial Bank Canada 269
JPMorgan Chase Bank, N.A. (Toronto Branch) 270
Bank of China (Canada) 308
Vancity Community Investment Bank [lower-alpha 7] 309
First Nations Bank of Canada 310
CTBC Bank (Canada) 315
President's Choice Bank[lower-alpha 8] 320
Canadian Tire Bank 338
ICICI Bank Canada 340
Digital Commerce Bank 352
Canada Trust Company (for accounts opened prior to the TD Canada Trust merger)[lower-alpha 9] 509
Manulife Bank 540
Alterna Bank 608
Tangerine Bank (formerly ING Direct Canada) 614
B2B Bank 618
Equitable Bank (includes EQ Bank) 623
Central 1 Credit Union member institutions in British Columbia 809
Caisses Desjardins du Québec 815
Caisse Populaire financial group (Manitoba)[3] 819
Central 1 Credit Union member institutions in Ontario 828
Caisses populaires Desjardins de l'Ontario 829
Meridian Credit Union 837
Credit Union Central of Nova Scotia member institutions (NS, NL, PEI)[lower-alpha 10] 839
Alterna Savings and Credit Union[lower-alpha 11] 842
(New) Brunswick Credit Union Federation 849
Caisses populaires acadiennes (New Brunswick) 865
Credit Union Central of Manitoba member institutions 879
Credit Union Central of Saskatchewan (SaskCentral) member institutions 889
Credit Union Central of Alberta member institutions 899

Directories of routing numbers

Payments Canada maintains the Financial Institutions File (FIF), an electronic directory of routing numbers for all financial institutions in Canada. The FIF is updated weekly and is operated as a fee-based subscription service to member institutions of Payments Canada.[4]

A companion free-of-charge directory, the Financial Institutions Branch Directory (FIBD), is also operated by Payments Canada for occasional referencing by the general public. The FIBD is only available in PDF format and cannot be imported into business applications.[5]

See also

Notes
  1. The use of XXXX1 (western Quebec) vs XXXX6 (Ottawa) for branches in Gatineau varies between institutions and often between branches. Bank of Montreal and Scotiabank will often assign "6" suffixes in Hull and Gatineau to match the rest of Ottawa, although Quebec's "1" will sometimes appear. National Bank and Laurentian Bank consistently use western Quebec's "1" suffix for the Outaouais region.
  2. Scotiabank and the small, independent credit unions place all of Newfoundland and Labrador in XXXX3. TD places Newfoundland in XXXX3 and Labrador in XXXX5. Bank of Montreal places the entire province in XXXX1.
  3. Then and now: A look at TD branch transit 0001 (stories.td.com) lists Canada Trust's 1931-era Huron and Erie Mortgage Company building at 220 Dundas Street, London as "branch 0001". The weekly list from payments.ca assigns this branch 00012-004.
  4. A handful of non-branch RBC transit numbers use a leading "1" instead
  5. A full list is posted weekly each Friday on payments.ca[1] with institution number and branch list.
  6. Not a member of Payments Canada
  7. Occasionally an institution will structure itself as a credit union owning a bank or trust company, a trust company owning a bank, a bank owning a trust company or some similar combination. This gives multiple institution numbers, such as TD Canada Trust on 004 and 509. Credit unions and caisses populaires are normally assigned in the 800 range, while trust and loan institution numbers are typically in the 500's or low 600's. Vancity appears as a Central 1 BC member credit union which owns a captive, branchless bank. The subsidiary has its own rarely-used institution number 175X0-309. The individual Vancity branches are listed not there but under Central 1's XXXX0-809 code as the Vancouver City Savings credit union.
  8. Not affiliated with President's Choice Financial's former consumer banking operations. PC Financial's bank accounts were operated by CIBC so all accounts used CIBC's 010 institution number. Following the end of PC Financial and CIBC's joint venture, all PC Financial consumer bank accounts were transferred to Simplii Financial.[2]
  9. The lists of routing codes are littered with branches or entire institutions which no longer exist due to branch closures, mergers and acquisitions. Canada Trust's Kingston main branch was MICR 11392-509; TD had its own branch 01392-004 elsewhere in the same central area. The merger led to closures of duplicate branches which pointed both codes (and a couple of others in TD's 004 range, flagged in the lists as "Sub to 01392") to the same physical address, the former Canada Trust branch at Princess and Wellington Street. On paper, Canada Trust and its pre-merger depositor accounts still exist, but all new accounts are being assigned TD numbers. If an institution no longer exists (such as National Trust, which was taken over by Scotiabank) the routing code is still in the table but redirected in some manner. National Trust's former 353 Bay Street Toronto main branch 059000012 is listed with Scotiabank MICR code 34272-002 (Scotiabank's 392 Bay Street branch). Expect more of the same where an institution is a going concern but is aggressively closing branches; routing codes for defunct CIBC branches in Tamworth and Deseronto still work, but point to a Greater Napanee Area branch which is still open. Sometimes the table lists the original street address (even if there's nothing there now), sometimes it lists the address of the branch to which the accounts were transferred, sometimes it lists "Sub to" and the destination branch's transit or routing number. Even if a branch or an entire institution no longer exists, the client list is still commercially valuable so an attempt will usually be made to point the code somewhere.
  10. The XXXX3-839 code, Credit Union Central of Nova Scotia, also includes member institutions in Newfoundland, Labrador and Prince Edward Island.
  11. Alterna Savings 842 is a credit union which owns the direct-banking operation Alterna Bank 608. There are no branches (other than the Ottawa headquarters) assigned to either of these codes. All of Alterna's branches are listed in XXXX2-828 as Central 1 member Ontario credit unions. As Ontario's credit unions historically were small offices founded by tiny local groups with a common "bond", such as the workers at one specific workplace, the large institutions like Alterna and Meridian tend to be the product of ongoing acquisitions, mergers and takeovers. The handling of existing routing codes after a credit union is taken over varies; Alterna will leave the existing 828 code intact, Meridian will assign its own 837 institution code to the acquired branch, Kawartha CU will renumber every account in the acquired institution to a new account number in 06322-828, its Hunter Street corporate headquarters in Peterborough - forcing members to obtain new cheques, acquire new ATM cards and lose the ability to view any transactions from before the takeover on Member Direct's online banking site.

References
  1. https://payments.ca/payment-resources/directories?field_directory_type=11
  2. "CIBC takes over banking business from PC Financial, renames bank Simplii". CBC News. Retrieved 2018-01-08.
  3. https://www.caisse.biz/en/about-us/
  4. "Financial Institutions File". Payments Canada. 11 August 2016. Retrieved January 21, 2018.
  5. "Financial Institutions Branch Directory". Payments Canada. 12 August 2016. Retrieved January 21, 2018.
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