This article will help you locate the information you'll need to successfully add a Canadian bank account for yourself or a vendor.
The bank code can usually be found on the invoice or provided by your vendor. It’s a 3-digit number identifying the bank to which a payment is being sent. If you have an 8-digit code, separate it into a 3-digit bank code and 5-digit transit number. If you have a 9-digit code, remove the 0 in the front and do the same. If you don’t have the bank code, you can look it up on this list.
The transit number can also be found on the invoice or provided by your vendor. It’s the 5-digit number that identifies the specific bank branch. It may be listed as part of the bank code. If you see an 8 or 9 digit bank code, enter the last 5-digits as the transit number.
A SWIFT code is a code used to identify the country, bank, and branch that an account is registered to. Some countries require this code to find the bank, but you typically don’t need it for Canada if you have the bank code and transit number.