Canadian Imperial Bank of Commerce Transit Code Information

The Canadian Imperial Bank of Commerce (CIBC) transit code is a crucial piece of information for anyone making transactions in Canada. It's a unique five-digit code that identifies a specific bank branch.

CIBC transit codes are used for electronic fund transfers, direct deposits, and other banking transactions. They're usually found on the bank's website or on your bank statement.

Each CIBC transit code is unique to a specific branch and can be found on the bank's website or by contacting the bank directly.

A CIBC Transit Code is essentially a routing number that identifies the Canadian Imperial Bank of Commerce and the branch to which a payment item is directed.

It's a crucial piece of information for delivering payments through the clearing system, and it's used in conjunction with the account number.

In Canada, there are two formats for routing numbers, and a CIBC Transit Code can be either an Electronic Fund Transactions (EFT) routing number or a paper (MICR) routing number.

An Electronic Fund Transactions (EFT) routing number is comprised of a three-digit financial institution number and a five-digit branch number, preceded by a "leading zero".

Here's a breakdown of the two formats:

A CIBC Transit Code is used for routing electronic payment items, such as direct deposits and wire transfers, and it appears on the bottom of negotiable instruments like checks.

A routing number identifies the financial institution and the branch to which a payment item is directed.

In Canada, there are two formats for routing numbers. The electronic routing number is used for routing electronic payment items, such as direct deposits and wire transfers.

An Electronic Fund Transactions (EFT) routing number is comprised of a three-digit financial institution number and a five-digit branch number, preceded by a "leading zero". For example, 0XXXYYYYY.

A paper (MICR) routing number is comprised of a three-digit financial institution number and a five-digit branch number. It is encoded using magnetic ink on paper payment items (such as cheques).

Here's a summary of the CIBC Transit Code structure:

A CIBC transit code identifies the financial institution and the branch to which a payment item is directed.

In Canada, CIBC transit codes come in two formats: Electronic Fund Transactions (EFT) and MICR Numbers.

An Electronic Fund Transactions (EFT) routing number is comprised of a three-digit financial institution number and a five-digit branch number, preceded by a "leading zero". For example: 0XXXYYYYY

The electronic routing number is used for routing electronic payment items, such as direct deposits and wire transfers.

A paper (MICR) routing number is comprised of a three-digit financial institution number and a five-digit branch number, encoded using magnetic ink on paper payment items (such as cheques).

You can find the MICR number on the bottom of negotiable instruments, such as cheques, identifying the financial institution on which it was drawn.

Here are the key differences between EFT and MICR routing numbers:

Both EFT and MICR routing numbers are essential for delivering payments through the clearing system, along with the account number.

The Canadian Imperial Bank of Commerce (CIBC) has a specific branch transit number that identifies a particular branch. This number is used for local bank account fund transfers.

The branch transit number is a 5-digit number, and it's unique to each branch. You can find this number on your personal cheque leaf or by searching online.

A routing number, also known as a transit number, is an 8-digit code that identifies a bank's or financial institution's particular branch. It's used for local bank account fund transfers.

Here's a breakdown of the routing number: the first digit is a leading zero, the next three digits are the financial institution code (010 for CIBC), and the last five digits are the branch transit number (02872 for the Portage & Huggins Banking Centre Branch).

The Canadian Clearing Code (CC) is a unique identifier for each branch, and it's used for electronic transactions. The CC is represented as //CC001002872 for the Portage & Huggins Banking Centre Branch.

Here's a summary of the CIBC branch information:

The institution number, also known as the bank number, is a unique 3-digit number for each financial institution in Canada. For CIBC, the institution number is 010.

A CIBC transit code, also known as a routing number, is a nine-digit code that identifies your bank and branch.

It's essential to note that the CIBC transit code is used for local bank account fund transfers. The code is printed on your personal cheque leaf. The Canadian routing number is either 8 or 9 digits long.

The first three digits of the routing number identify the financial institution or bank branch. The last five digits are the transit number. For instance, XXXXX-YYY is used for MICR-encoded documents, and 0YYYXXXXX is used for electronic transfers.

The leading zero is used for formatting the Canadian routing number in an electronic transaction. The next three digits are the financial institution code, which identifies the financial institution. In the case of CIBC, the financial institution code is 0010.

Here's a breakdown of the CIBC transit code:

The branch transit number is unique to each branch and is used to identify the specific branch. In the case of the Portage & Huggins Banking Centre Branch, the branch transit number is 02872.

The CIBC transit code is used for various transactions, including wire transfers. When receiving a wire transfer, you'll need to provide the sender with your CIBC transit code, which includes the financial institution code, branch transit number, and your account number.