Bank details of VersaBank

Find the verified VersaBank routing details needed for secure transfers. Below are the essential Institution Number (634), Transit numbers, and SWIFT codes required for Canadian domestic EFT (direct deposits) and international wire payments.

How to correctly fill out a transfer form

VersaBank is a branchless, digital-only "Schedule 1" bank. To send money for a GIC investment or a commercial deposit, you must use the institution number 634. Their business model is built on bulk financing and deposits, so accurate routing to their centralized electronic hub is mandatory.

Examples of filling out a transfer:

Domestic EFT / GIC Deposit:
Recipient: VersaBank
Institution Number: 634 (public bank identifier)
Transit Number: 00001 (public bank identifier)
Account Number: ****9900 (example)
Purpose: GIC Funding

Tips for filling out the form

• VersaBank does not have retail storefronts. All deposits must be made via EFT or wire transfer using the 634 code.
• For commercial partners, VersaBank often provides a unique virtual account number — ensure this is entered in the "Account" field exactly as provided.
• As a specialized bank, international wires should always be pre-confirmed with their London, Ontario headquarters.

FAQ

Question: What is VersaBank's institution number?

Answer: The official institution number for VersaBank is 634.

Question: Is VersaBank safe?

Answer: VersaBank is a publicly traded (TSX: VB) Schedule 1 bank and a member of the CDIC, protecting deposits up to the $100,000 limit.