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- Name. The entire upper-left-hand corner is typically dedicated to information about the account holder. For instance, if it’s your personal bank account, you should expect to see your full legal name.
- Address. Directly underneath the name of the account holder, you’ll find the address line (which may take up two lines, depending on the type of residence you’re in).
- Postal Code. Part of the address should also include the postal code of the Canadian city, town, or region that you live in. Canada has several cities and towns with the same name, so having the correct postal code ensures that cheques always end up in the right location.
- “Pay To The Order Of” The payee line is, by far, one of the most important lines on a Canadian cheque. This is where you’ll find the name of the individual, business, or organization getting paid.
- Account number. There are three parts to an account number: the transit number (or the branch number), the institution number (also called the bank number), and your personal account number.
- Institution and transit number. Every Canadian financial institution has its own 3-digit institution number. Scotiabank's institution number is 002. Your transit number is the 5-digit number connected to your home branch.
- SWIFT and ABA numbers. A SWIFT code (also known as a BIC code) is used for Canadian and international wire transfers. An ABA number is used for wires from the US.
- Cheque number. Your cheque number is found at the bottom left-hand corner of your physical cheque. Cheque numbers are found on print cheques, but not on digital cheques, including void cheques that are provided digitally.
Sep 19, 2024 · Name. The cheque issuer’s full legal name sits in the top left-hand corner of the cheque. If the cheque is issued from a joint chequing account, all the account holders’ names will be listed on the cheque. If desired, the account holder's phone number and email address can be included here as well.
- Your Home Address
- The Institution Number
- Your Account Number
Obviously, you don’t need to look at a sample cheque to know this information . However, those who ask you for a sample cheque will find it handy to have alongside the other details.
This three-digit number points to the financial institution you deal with, regardless of the branch you have chosen. TD’s institution number is 004.
The account (or folio) number pinpoints your specific bank account. Without the transit number and institution number, it cannot be used to transfer money. As a result, it remains the most sensitive information relating to accessing your finances. This number varies in length depending on the financial institution, but TD account numbers always inc...
Oct 27, 2022 · At the bottom of the cheque is a row of numbers, each one in different groupings. The last group of numbers will be seven to 12 digits, depending on your financial institution. This is your ...
- Hannah Logan
- CAN-legal@nerdwallet.com
Sep 26, 2024 · In this area, you write out the payment amount in words. If you need to include cents in the value, you’ll add this amount as a fraction of 100, For example, if you’re writing a cheque for $125.75, you’d write “ one hundred and twenty-five dollars and 75/100.”. The cents always use numerical values.
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On Canadian cheques, the cheque number is at the top right corner and is the first number of the MICR line at the bottom of the cheque. The check account number is usually a 3-digit or a 6-digit number used for tracking. It helps users identify which checks have been used from the chequebook. Fractional Bank Number. The fractional number on a ...
