TD Canada Trust in London, ON

. It is encoded using magnetic ink on paper payment items such as cheques. For example, if Bank A's institution number is 123, and one of their branches is number 45678, the electronic routing number would look like this: 012345678. Along with the account number, it is essential for delivering payments through the clearing system. The electronic routing number is used for electronic payment items, such as direct deposits and pre-authorized debits. Direct Deposit setup forms usually ask both Branch Transit Number and Institution Number. A routing number identifies the financial institution and the branch to which a payment item is directed.