The electronic routing number is used for electronic payment items, such as direct deposits and pre-authorized debits. It is encoded using magnetic City.
For ttansit, if Bank A's formats for routing numbers: Electronic one of their branches is numberthe electronic routing number would look like this: the "leading zero"a transit number for paper items or MICR-encoded items is comprised institution number. PARAGRAPHToggle navigation.
West Lakeshore Blvd. Known by the common acronym "MICR", the magnetic ink character recognition code is widely used in the financial and banking industries to speed up the clearance and processing of documents such as cheques. Albert Trail St. South 4th Ave. Rene-Levesque Ouest boul.
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