This page (revision-7) was last changed on 26-Nov-2021 10:22 by JMyers

This page was created on 26-Nov-2021 10:22 by JEscott

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BANK_TRANSIT_CODE
BANK_TRANSIT_CODE

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BANK_TRANSIT_CODE is a mandatory 16-character alphanumeric field which stores the banking transit number which uniquely identifies the branch within the banking system. For Canadian Installations: The transit # is the format of ddddddddd where the first 4 digits identify the bank transit, while the last 5 digits identify the branch transit.
BANK_TRANSIT_CODE is a mandatory 16-character alphanumeric field which stores the banking transit number which uniquely identifies the branch within the banking system.
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For Canadian Installations: The transit # is the format of ddddddddd where the first 4 digits identify the bank transit, while the last 5 digits identify the branch transit.
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The numbers located on the bottom of your check is called a [MICR] line. The [MICR] line is an acronym for Magnetic Image Character Recognition. The [MICR] line consists of 3 elements; a routing transit number (also known as an [ABA] number) or bank Number, an account number, and the check number.
The ABA number consists of 3 elements:
*3 character bank transit
*5 character branch transit
*1 character check digit.
This page (revision-7) was last changed on 26-Nov-2021 10:22 by JMyersTop