The Canadian bank branch code 10049 is associated with a specific bank and location in Canada.
The bank associated with this branch code is a well-established financial institution in Canada.
It's a code that's used for various banking transactions, including wire transfers and direct deposits.
The branch code is typically used in conjunction with the bank's transit number and account number to complete these transactions.
Understanding Canadian Bank Branch Codes
Canadian bank branch codes are a crucial part of navigating the banking system in Canada. They're used to identify specific bank branches and ensure accurate processing of payments. The code 10049 is a common one you'll see associated with HSBC Bank Canada.
A transit number, also known as a MICR number, is a specific type of Canadian routing number used for processing cheques. It's made up of an eight-digit routing number with a dash between the fifth and sixth digits.
For example, the routing number XXXXX-YYY reveals that the branch number is XXXXX and the institution number is YYY. This is the standard format for MICR numbers printed on paper using ink that allows for magnetic ink character recognition.
Intriguing read: Micr Code of Bank
The transit number 10049-016 is associated with the HSBC Bank Canada branch located at 300 3555 Gilmore Way in Burnaby, BC. Here's a list of other transit numbers for the same branch:
In Canada, there are two formats for routing numbers: Electronic Fund Transactions (EFT) and MICR (Magnetic Ink Character Recognition) numbers.
Transit Number Information
A transit number, also known as a MICR number, is a crucial piece of information for processing cheques and other paper payment items in Canada.
In Canada, there are two types of routing numbers: Electronic Fund Transactions (EFT) routing numbers and MICR numbers, also known as transit numbers.
A transit number is typically used to process ordinary cheques and is positioned on the bottom of the cheque.
The standard format for MICR numbers printed on paper using ink that allows for magnetic ink character recognition is XXXXX-YYY.
For example, the routing number 10049-016 reveals that the branch transit number is 10049.
The first 5 digits of a MICR number, in this case 10049, represent the branch transit number.
Here are some examples of transit numbers for HSBC Bank Canada in Burnaby, BC:
The transit number is essential for delivering payments through the clearing system, along with the account number.
Take a look at this: Bofa Wire Transfer Routing Number
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