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For paper cheques that use recognition technology that enables the reading of the documents to. PARAGRAPHMICRs are typically used to process ordinary cheques.

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1 us dollar to cuban peso	What is a "Transit Number" in Canada? October 29, May 1, June 21, Known by the common acronym "MICR", the magnetic ink character recognition code is widely used in the financial and banking industries to speed up the clearance and processing of documents such as cheques. For example, if Bank A's institution number is , and one of their branches is number , the electronic routing number would look like this:
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First 5 digits - Branch Transit Number (41 Pembroke St. W.). Bank Name, Bank of Montreal. Branch, 41 Pembroke St. W. City, Pembroke. Routing Number (EFT), Branch Transit Number, Transit number for Meridian Credit Union. ; MERIDIAN CREDIT UNION. Bloor St W, Centre Tower 7th FL. Etobicoke ;