How to properly locate your banking details to ensure your wire withdrawal is successfully processed.
The 3 details that are needed to process an outbound wire in Canada:
- Institution Number: the 3-digit number that identifies the Canadian bank
- Transit Number: the 5-digit number that identifies the specific branch where your account is located
- Account Number: this can be 7-14 digits, please ensure you do not enter your transit number with your account number.
These bank details can be obtained from a void cheque document, which can be accessed via your bank’s website or by contacting your branch.
Another document that contains the required bank account information is a direct deposit form, which may be downloaded from your bank’s website as well.
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