Canadian Transit Numbers > Royal Bank Of Canada > Routing Number 000303502

Royal Bank Of Canada Routing Number : 000303502

Bank/Institution

Royal Bank Of Canada

Routing Number

000303502

Transit Number

03502-003 (MICR)

Institution Number

003

Canadian Clearing Code (CC) //CC000303502 (Canadian Sort Code)
Institution Type Bank
State ON
City Oakville
Address 279 Lakeshore Rd E
How Routing Number & Transit Number is formed?
A Routing Number/Transit Number is used while doing financial transactions. Routing Number identifies the beneficiary financial institution and the branch to which a payment is being initiated. Routing/Transit Number is essential for making payments through the clearing system.
There are two types of Routing Numbers used in Canada.

1. EFT Routing Number:
EFT stands for Electronic Fund Transactions. EFT Routing Number is a three digit financial Institution Number (Bank Code) and a five digit branch code, preceded by a leading zero.

In Canada Routing Number is formed by prefixing 0+3 Characters Bank Code+5 Characters Branch Code.
An institution number is the three-digit code assigned to each bank to uniquely identify it. All the Financial Institutions has been allotted 3 Characters Numeric Code, which is also called as Institution Number / Bank Codes.
Each Financial Institutions Branch has been allotted 5 Characters Numeric Code, which is called Branch Code.


Royal Bank Of Canada has been alloted Institution Number / Bank Code as : 003
Royal Bank Of Canada 279 Lakeshore Rd E,Oakville Branch has been alloted Branch Code as : 03502
So the Routing Number of Royal Bank Of Canada 279 Lakeshore Rd E,Oakville is 000303502

Routing Number : 000303502
Leading zero: 0
Institution Number / Bank Code: 003
Branch Code: 03502

2. Transit Number (MICR)
Magnetic Ink Character Recognition(MICR), is a character recognition technology used by the banking industry to facilitate the processing of cheques. Transit Number can be found at the bottom of the cheque.
So the Transit Number of Royal Bank Of Canada 279 Lakeshore Rd E,Oakville is 03502-003

Where to find Royal Bank Of Canada Transit Number on a cheque?



Royal Bank Of Canada has below Branches in the City Oakville-ON

Branch:361 Cornwall Rd-Unit 107, 361 Cornwall Rd,
Routing Number: 000300533 : Transit Number: 00533-003
Branch:2460 Winston Churchill Blvd,
Routing Number: 000300932 : Transit Number: 00932-003
Branch:279 Lakeshore Rd E,
Routing Number: 000301152 : Transit Number: 01152-003
Branch:309 Hays Blvd,
Routing Number: 000301532 : Transit Number: 01532-003
Branch:483 Dundas St W,
Routing Number: 000302432 : Transit Number: 02432-003
Branch:2329 Lakeshore Rd W,
Routing Number: 000302782 : Transit Number: 02782-003
Branch:279 Lakeshore Rd E,
Routing Number: 000303384 : Transit Number: 03384-003
Branch:279 Lakeshore Rd E,
Routing Number: 000303502 : Transit Number: 03502-003
Branch:279 Lakeshore Rd E,
Routing Number: 000303506 : Transit Number: 03506-003
Branch:1005 Speers Rd,
Routing Number: 000303592 : Transit Number: 03592-003
Branch:1215A NORTH SERVICE ROAD,
Routing Number: 000304521 : Transit Number: 04521-003
Branch:2501 Third Line-Suite A, 2501 Third Line,
Routing Number: 000307412 : Transit Number: 07412-003
Branch:2035 Cornwall Rd, c/o Lakeshore & Trafalgar-03502,
Routing Number: 000308162 : Transit Number: 08162-003
Branch:220 North Service Rd W,
Routing Number: 000308982 : Transit Number: 08982-003
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What is Transit number and a Routing number in Canada?
In Canada, banks and other financial institutions identify their branches with a unique transit number (also known as branch numbers). A transit number is made up of five-digits and together with the institution number they form a routing number.
The transit number - five digits - shows which branch you opened your account at. The institution number - three digits - identifies your bank. The account number - seven to twelve digits - identifies your individual account. Bank routing numbers are used to process cheque and electronic transactions such as funds transfers, direct deposits, digital cheques, recurring loan and bill payments.

There are two different formats for routing numbers:
Electronic Transactions Routing Numbers (ETF): 0XXXYYYYY
Paper Transactions Transit Numbers (MICR): YYYYY-XXX
where XXX is the institution number and YYYYY is the transit number.