What is a transit or branch number?

It’s important to note that the transit or branch number is different from your account number. The branch number refers to the specific branch of bank that you opened your account with. If you and a family member do banking at the same branch, you could have the same transit or branch number.

What is the difference between a branch number and account number?

The branch number refers to the specific branch of bank that you opened your account with. If you and a family member do banking at the same branch, you could have the same transit or branch number. Your account number, on the other hand, identifies your account explicitly with that institution.

What is a transit 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.

Where is the transit number on a cheque?

If you have a cheque book, the number can also be found in the bottom left corner of your cheques. The transit number is printed here so other banks can identify which bank the cheque was issued by. The transit number refers to the bank and is not specific to your account.