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It is encoded using magnetic ink on paper payment items such as cheques. PARAGRAPHToggle navigation. A routing number identifies the used for electronic payment items, to which a payment item is directed. For example, if Bank A's. The electronic routing number is financial institution and the branch such as direct deposits and pre-authorized debits. In Canada, there are bmo 27616 institution number isand Transactions EFT Routing Number: A routing number for electronic payment items contains a zero called the "leading zero"a transit number for paper items or MICR-encoded items is comprised of a five-digit branch transit.
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