How many digits does a bank account number have?

Transit number – 5 digits that identify which branch you opened your account at Account number – 7 to 12 digits that identify your individual account The institution number, along with the transit number form the routing number. What is my bank’s institution number?

What is an institution number?

An institution number is a unique 3-digit code that is used to identify and represent a particular bank or financial institution. It is used to route electronic transactions to and from financial institutions such as electronic funds transfers (ETF), pre-authorized debit (PAD), bill payments, bank to bank transfers and wire transfers.

What is the difference between RBC account number & institution number?

The institution number - three digits - identifies your bank. An RBC account number - seven to twelve digits - identifies your individual account. Royal Bank of Canada routing number is used to process cheque and electronic transactions such as funds transfers, direct deposits, digital cheques, recurring loan and bill payments.

What is a 1011 branch number?

Example: Branch 1011 is 01011. If your account number only has nine digits but a form requires 11, simply add two zeros in front. For example, 123456789 is 00123456789. Your transit number and institution number are there to make sure your payment arrives to its recipient safe and sound.