Sometimes banks display an institution number and transit number as a routing number on your cheque. The transit number typically sits near the three-digit financial institution number and your 12-digit account number. The five-digit code is the first series of numbers listed along the bottom of a cheque. What is a Transit Number?Ī transit number is a series of five numbers that identifies your specific bank branch. It is important to have an understanding of certain financial numbers, so you know what they are, why you need them, and when to use them. Your banking information with help you stay organized while you submit your taxes. Find out where to find transit and institution numbers, and why you need them. Learn what banking information you need to have on hand when you’re filing your taxes.
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