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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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Format of Shinhan Bank Canada EFT Routing Number

Shinhan Bank Canada or any Canadian banks the routing number is a nine-digit unique identification number assigned to each bank branch.

The Structure is -

0

3

5

5

X

X

X

X

X

Leading Zero

Financial Institution Code

Branch Transit Number

  • 0 - First digit is leading Zero.

  • 355 - Next three digits is specifies the Institution Code. Any Shinhan Bank Canada Bank Routing Number start with 355.

  • XXXXX - The last five digits are the Branch Code or Branch Transit Number, which is a unique identifier for the specific bank / financial institution branch.

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    Popular SHINHAN BANK CANADA Branches

    BRANCH BRANCH, SHINHAN BANK CANADA ROUTING NO

    Routing Code : 035508101
    MICR Code : 08101-355
    Address : UNIT 2842, 2929 BARNET HIGHWAY
    City : COQUITLAM
    State : BRITISH COLUMBIA

    MISSISSAUGA BRANCH BRANCH, SHINHAN BANK CANADA ROUTING NO

    Routing Code : 035508066
    MICR Code : 08066-355
    Address : 257 DUNDAS STREET EAST UNIT 3&4
    City : MISSISSAUGA
    State : ONTARIO

    MAIN BRANCH BRANCH, SHINHAN BANK CANADA ROUTING NO

    Routing Code : 035508048
    MICR Code : 08048-355
    Address : 5095 YONGE ST UNIT B2
    City : TORONTO
    State : ONTARIO

    7191 YONGE STREET BRANCH, SHINHAN BANK CANADA ROUTING NO

    Routing Code : 035508083
    MICR Code : 08083-355
    Address : SUITE 6 & 7
    City : MARKHAM
    State : ONTARIO

    Canada Bank Routing Number & Transit Number


    What is Canada Bank Routing Number?

    In Canada, bank codes are referred to as routing numbers. Routing numbers are 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.

    Payments Canada, formerly known as the Canadian Payments Association, regulates routing numbers to allow easy identification of the branch location and financial institution associated with an account.

    Formation of the Canada Bank Routing Number

    A routing number is made up of a five-digit transit number (also known as a branch number) that identifies the branch where an account is held and a three-digit financial institution number that corresponds to the financial institution.

    For example, For MICR-encoded documents, use AAAAA-BBB. The number is given in one of the following formats, where AAAAA represents the transit number and BBB represents the financial institution number: For electronic funds transfers, use 0BBBAAAAA. When formatting a routing number for electronic payments, a leading zero is used.


    Example : Breakdown of the Canada Bank Routing Number

    0

    X

    X

    X

    Y

    Y

    Y

    Y

    Y

    Leading Zero

    Financial Institution Code

    Branch Transit Number


    Example : Breakdown of the Canada Bank MICR / Transit Number

    X

    X

    X

    X

    X

    -

    Y

    Y

    Y

    Branch Transit Number

    Financial Institution Number


    Applications of A Canadian Bank routing Number

    A Canadian bank routing number is used for a variety of financial transactions.

    • Direct deposits.
    • Making bill payments.
    • Depositing salary or pension.
    • Cheque payment, and
    • Wire transfers.

    With very few exceptions, the last digit of a Canadian bank transit number designates the 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.

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