Canadian Transit Numbers > Cs Alterna Bank > Routing Number 060800016

Cs Alterna Bank Routing Number : 060800016

Bank/Institution

Cs Alterna Bank

Routing Number

060800016

Transit Number

00016-608 (MICR)

Institution Number

608

Canadian Clearing Code (CC) //CC060800016 (Canadian Sort Code)
Institution Type Bank
State ON
City Ottawa
Address 2nd Floor
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.


Cs Alterna Bank has been alloted Institution Number / Bank Code as : 608
Cs Alterna Bank 2nd Floor,Ottawa Branch has been alloted Branch Code as : 00016
So the Routing Number of Cs Alterna Bank 2nd Floor,Ottawa is 060800016

Routing Number : 060800016
Leading zero: 0
Institution Number / Bank Code: 608
Branch Code: 00016

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 Cs Alterna Bank 2nd Floor,Ottawa is 00016-608

Where to find Cs Alterna Bank Transit Number on a cheque?



Cs Alterna Bank has below Branches in the City Ottawa-ON

Branch:2nd Floor,
Routing Number: 060800016 : Transit Number: 00016-608
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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.