Essentially, Canadian banks and other financial institutions use routing numbers to identify their individual branches. To create routing numbers, banks combine the five-digit transit or branch ...

simonkr / Getty Images A routing transit number (RTN) is a nine-digit number used to identify a bank or financial institution when clearing funds for electronic transfers or processing checks in ...

The routing and account numbers on a check are specific numerical sequences that help money travel to the right place. A routing number identifies the bank or credit union. An account number ...