PARAGRAPHToggle navigation. The electronic routing number is financial institution and the branch such as direct deposits and is directed. It is encoded using magnetic ink on paper payment items such as cheques. Along with the account number, it is essential for delivering houes which a payment item.
Opening a Bank Account There are three basic types of bank accounts: Chequing : Pays little or no interest; may have small charges for services; provides monthly statements; has debit privileges; is a useful and convenient method for paying rent, fees, bills, etc. Ask upper-year international students about their banking experiences. Once your account is open, a debit card will come in the mail in business days; you must request a credit card separately if you require one. Discover more.
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