A transit number is the Bank Identifier Code (BIC) used among banks in Canada to transfer funds. It is composed of a three-digit financial institution number which identifies your bank and a five-digit transit number that identifies your specific bank branch. With this simple code, Upwork's bank can route funds to any registered bank in Canada.

Transit or Branch Number: Your branch transit number is a 5-digit number comprised of your 4-digit branch number, followed by a number indicating the geographical location of your branch.