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The electronic routing number is used for electronic payment items, such as direct deposits and pre-authorized debits. It is encoded using magnetic ink on paper payment items. Name of the Bank and. A routing number identifies the financial institution and the branch payments through the clearing system is directed. Along with the account number, it is essential for delivering such as cheques. In Canada, there are two formats for routing numbers: Electronic one bmo kingsway mall their branches is numberthe electronic routing number would look like this: the "leading zero"a transit number for ikngsway items a five-digit branch number of a five-digit branch transit number and a three-digit financial institution number.
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