Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Canadians to see lower fees and simpler account transfers Nov 6th
Ottawa plans to make it easier for Canadians to move their banking and investment accounts in a bid to increase competition and reduce costs for consumers. The government said as part of Tuesday’s federal budget, it will move to eliminate investment and registered account transfer fees, which .... More »
The best GIC rates in Canada for 2024 Nov 26th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Best online banks and credit unions in Canada for 2025 Mar 6th
Where can you get the best digital banking experience in Canada? We wanted to find out in this second annual review of the best online banks and credit unions in Canada.
To come up with the ranking, MoneySense partnered with Surviscor, a leading Canadian research and consulting firm specializing.... More »
Is now the time for retirees to sell stocks and buy GICs? Aug 2nd
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My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
.... More »
The best 5-year variable mortgage rates in Canada + MORE May 1st
Mortgages
The best 5-year variable mortgage rates in Canada
You’re 2 minutes away from getting the best mortgage rates in Canada. Just answer a few quick questions to get a personalized rate quote.
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Financial Institution Numbers for All Canadian Banks
– canadianfinanceblog.com
You can identify Canadian financial institutions by their bank institution number, which is always three digits long. Bank customers need this number anytime they want to set up a direct deposit or preauthorized payment or receive a wire transfer into their account.How to Locate Canadian Bank Institution Numbers
The easiest way to locate the financial institution number for your account is by looking at a blank cheque. You’ll find the number between the bank transit number (branch number) and your account number in the micro-encoding at the bottom of the cheque.
For example, Royal Bank’s financial institution number is 003. You can see exactly where it’s located in the image below.
Regardless of the bank, you can find the institution number in the same place; if you have a cheque to look at. If you don’t have cheques, you can always contact your financial institution or ask a staff member at your local branch if you deal with a bank or credit union.
List of Canadian Financial Institution Numbers
You’ve come to the right place if you need to locate the institution number for a bank in Canada (including your own)…
