Canadian Transit Numbers > Bank of Montreal > Routing Number 000124582

Bank of Montreal Routing Number : 000124582

Bank/Institution

Bank Of Montreal

Routing Number

000124582

Transit Number

24582-001 (MICR)

Institution Number

001

Canadian Clearing Code (CC) //CC000124582 (Canadian Sort Code)
Institution Type Bank
State ON
City Scarborough
Address 5540 Lawrence Ave. 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.


Bank Of Montreal has been alloted Institution Number / Bank Code as : 001
Bank Of Montreal 5540 Lawrence Ave. E.,Scarborough Branch has been alloted Branch Code as : 24582
So the Routing Number of Bank Of Montreal 5540 Lawrence Ave. E.,Scarborough is 000124582

Routing Number : 000124582
Leading zero: 0
Institution Number / Bank Code: 001
Branch Code: 24582

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 Bank Of Montreal 5540 Lawrence Ave. E.,Scarborough is 24582-001

Where to find Bank Of Montreal Transit Number on a cheque?



Bank of Montreal has below Branches in the City Scarborough-ON

Branch:627 Pharmacy Avenue,
Routing Number: 000103912 : Transit Number: 03912-001
Branch:1900 Eglington AVE E,
Routing Number: 000104172 : Transit Number: 04172-001
Branch:1900 Eglinton Ave E,
Routing Number: 000104232 : Transit Number: 04232-001
Branch:2131 Lawrence Ave. E.,
Routing Number: 000104252 : Transit Number: 04252-001
Branch:1900 Eglinton Ave E,
Routing Number: 000104492 : Transit Number: 04492-001
Branch:2739 Eglinton Ave. East,
Routing Number: 000104502 : Transit Number: 04502-001
Branch:1225 McCowan Road,
Routing Number: 000104522 : Transit Number: 04522-001
Branch:1900 Eglinton Ave E,
Routing Number: 000104912 : Transit Number: 04912-001
Branch:740 Progress Ave.,
Routing Number: 000104962 : Transit Number: 04962-001
Branch:4411 KINGST RD,
Routing Number: 000121672 : Transit Number: 21672-001
Branch:5540 Lawrence Ave. E.,
Routing Number: 000124582 : Transit Number: 24582-001
Branch:3495 Lawrence Ave E,
Routing Number: 000124612 : Transit Number: 24612-001
Branch:1571 Sandhurst Circle,
Routing Number: 000125772 : Transit Number: 25772-001
Branch:5540 Lawrence Ave. E.,
Routing Number: 000129062 : Transit Number: 29062-001
Branch:2330 Kennedy Rd. Unit E,
Routing Number: 000129242 : Transit Number: 29242-001
Branch:99 Guildwood Parkway,
Routing Number: 000129252 : Transit Number: 29252-001
Branch:2900 Warden Ave,
Routing Number: 000129792 : Transit Number: 29792-001
Branch:1225 McCowan Road,
Routing Number: 000129862 : Transit Number: 29862-001
Branch:5540 Lawrence Ave. East,
Routing Number: 000131102 : Transit Number: 31102-001
Branch:4100 Gordon Baker Drive,
Routing Number: 000132412 : Transit Number: 32412-001
Branch:2739 Eglinton Avenue East,
Routing Number: 000133552 : Transit Number: 33552-001
Branch:627 Pharmacy Avenue,
Routing Number: 000136032 : Transit Number: 36032-001
Branch:2330 Kennedy Road,
Routing Number: 000136052 : Transit Number: 36052-001
Branch:740 Progress Ave.,
Routing Number: 000138792 : Transit Number: 38792-001
Branch:740 Progress Ave.,
Routing Number: 000139442 : Transit Number: 39442-001
Branch:2100 Ellesmere Road,
Routing Number: 000139702 : Transit Number: 39702-001
Branch:2301 Brimley Rd.,
Routing Number: 000139742 : Transit Number: 39742-001
Branch:5540 Lawrence Avenue East,
Routing Number: 000139762 : Transit Number: 39762-001
Branch:4271 Sheppard Ave. E.,
Routing Number: 000139922 : Transit Number: 39922-001
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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.