There are many people that would like to know what is cheque micr code in Canada. This is because in the recent past, this type of document has been required for cashier in the banks and at certain ATM machines. In Canada, cheques are issued on a monthly basis through the companies and they use different codes depending on the income that person is earning. The last month, a cheque will be issued for a certain amount. When this cheque gets to the bank, the person is supposed to write down the number that has been written down. Along with this, the cheque also has a symbol which represents what is cheque number in Canada.

Today, with the advancement in technology, you can also get cheque code that works online and you do not have to go and write it by hand. What you need to do is to download cheque number from the Internet and then enter it to the application form online. After getting your cheque code, you can then apply for the cheque through the bank. A lot of people prefer to have the cheque in their bank account rather than presenting it personally. For some companies, having the cheque code means faster processing of the cheques along with better management of the cash flow. Thus, it is a very important aspect of banking in Canada today.

To top it all, what is cheque in Canada is also considered as an EIN number which stands for Income Tax Identification Number. This type of number is basically needed if you want to issue a cheque for a personal financial transaction. If you need a cheque number in Canada for some business transaction, you will still need cheque number in person or by phone. If you are not a resident of Canada and do not have cheque book, you can still get a cheque in person or by phone, but this process will take much longer than processing of cheque by Internet.