Bank Info for Canadian Accounts

[Former Member]

I have a client using SAP and the company is clueless as to how to add a Canadian Bank Account info to their system to pay me using a Wire Transfer.

They don't know how the transit number and institution number relate to the bank key and bank number. From my research, both fields use the same value, which should be the routing number, meaning a 9 digit number in the form of 0YYYXXXXX

YYY = Institution number

XXXXX = transit numer

Example: http://canada-banks-info.com/routing-numbers/toronto-dominion-bank-routing-numbers//000401532/

Is that correct?

I think the rest is pretty straight forward (SWIFT code, bank adress, bank account number (7 digit)), but is there something else I should know about?

Thank you very much in advance for your help.

[former_member989250]

In order to transfer funds in Canada, you need routing numbers and swift codes for Canadian Banks, All banks in Canada have some Institution number and transit number, to check whether the bank codes are correct you can check from all bank codes list:

For all Routing numbers of Canada

https://countrywisecodes.com/canada/routing-numbers

For all Swift Codes of Canada:

https://countrywisecodes.com/canada/swift-codes

you will search the codes with bank names or city names.