You must link a bank account in the country in which you activate your account to receive transfers. Since all payments you accept will be processed in CAD, you must link a Canadian bank account that operates in Canadian currency. Square requires the ability to credit and debit money from your account in the event of chargeback or refund.
If your bank account verification fails, re-enter your bank account information to restart the process. If you click Cancel Verification after entering your bank account information, the bank verification process will be cancelled.
To restart the verification process, re-enter your bank information. Learn more tips for troubleshooting the bank account verification process. Only one bank account can be linked to a single Square account location.
Learn more about linking your bank account. This same number appears in this area to inform the financial institution what check number it is to post on your monthly statement.
Unlike US checks where the check number could appear to the left of the routing number, to the right of the routing number or even to the right of the account number, on Canadian checks the check number is always the first number in the MICR line to the left of the transit and institution routing number. On Canadian personal cheques, this has a maximum length of 3 digits, whereas on U. Transit Number: Referred to as the routing number on a US check, this number is five digits and corresponds to the home branch where you initially opened your account.
Even if you perform your banking at another branch due to convenience or in the event you move, this number will not change unless you open a new account. Institution Code: This is three digits providing additional info to the transit number and is the code for a Canadian bank or financial institution.
If a bank has one branch or , it is the same three-digit code. This form pre-fills with your account's 5-digit Transit Branch number , 3-digit Financial Institution number and 7-digit Account number.
Helpful Related Questions. How can I view my direct deposit information and get the form in EasyWeb? How do I receive a wire transfer to my account? What is your institution number? How do I access my account history in EasyWeb? How do I deposit funds to my account in Canada while travelling abroad? How do I organize my account activity by date in EasyWeb? What accounts are available in mobile banking?
Did you know: You can order high-quality cheques fast, just by taking a picture of an existing cheque and uploading it? Discount code automatically applied.
This section of characters corresponds to the cheque number found on the top right corner of your cheque. It may be only two or three digits or as many as six digits. For the most part, it is up to your preference but many Canadian banks are beginning to require six digit cheque numbers in the MICR line.
This number is always five digits on Canadian cheques. It indicates which branch you opened your account at often called your home branch.
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