Bank details of Homequity Bank

Find the verified Homequity Bank routing details needed for secure transfers. Below are the essential Institution Number (358), Transit numbers, and SWIFT codes required for Canadian domestic EFT (direct deposits) and international wire payments.

How to correctly fill out a transfer form

HomeEquity Bank is Canada's leading provider of reverse mortgages (CHIP). To transfer funds for a mortgage payoff or to deposit into a GIC, you must use the institution number 358. Because they do not have retail branches, all electronic routing is handled through their central operations in Toronto.

Examples of filling out a transfer:

Domestic EFT / Direct Deposit:
Recipient: HomeEquity Bank
Institution Number: 358 (public bank identifier)
Transit Number: 00001 (public bank identifier)
Account Number: ****1234 (example)
Purpose: Mortgage Repayment

Tips for filling out the form

• Always include your mortgage or GIC account number in the reference field to ensure the funds are applied to the correct file.
• HomeEquity Bank is a member of the CDIC, meaning your deposits are protected up to $100,000.
• For international wires, use the SWIFT code HEBKCAT1, which routes directly to their Canadian headquarters.

FAQ

Question: What is the HomeEquity Bank institution number?

Answer: The institution number for HomeEquity Bank is 358. Do not confuse this with other digital banks.

Question: Can I send an Interac e-Transfer to HomeEquity Bank?

Answer: Typically, they accept large-sum EFTs for mortgage and investment purposes. Check your specific account terms for e-Transfer compatibility.