SendMoneyCompare — International Money Transfer Comparison

Name: SWIFT/BIC Codes for Banks in Canada
Creator: SendMoneyCompare
License: https://creativecommons.org/licenses/by-nc-sa/4.0/

Akif Hazarvi

SWIFT codes in Canada

CA · CAD

Find the correct SWIFT/BIC code for banks in Canada. Use these codes when sending or receiving international wire transfers. A SWIFT code ensures your payment is routed to the correct bank and branch.

Banks

522

SWIFT codes

5

Branches

25

Currency

CAD

Banks and SWIFT codes in Canada

B
BANK OF MONTREAL, THE

SWIFT/BIC	City	Branch	Address
`BOFMCAT2FXM`	TORONTO	FXM	FLOOR 11, KING AND BAY STREET STREETS
`BOFMCAT2GCT`	TORONTO	GCT	—
`BOFMCAT2CLS`	TORONTO	CLS	—
`BOFMCAT2BMO`	TORONTO	BMO	FIRST CANADIAN PLACE
`BOFMCAT2XXX`	TORONTO	Head Office	FLOOR 21, 100 KING STREET

C
CANADIAN IMPERIAL BANK OF COMMERCE

SWIFT/BIC	City	Branch	Address
`CIBCCATTCWM`	TORONTO	CWM	SUITE 700-595 BAY STREET
`CIBCCATTCMI`	TORONTO	CMI	CIBC SQUARE, 81 BAY STREET
`CIBCCATTCLS`	TORONTO	CLS	SUITE 700-595 BAY STREET
`CIBCCATTMPS`	TORONTO	MPS	CIBC SQUARE, 81 BAY STREET
`CIBCCATTXXX`	TORONTO	Head Office	CIBC SQUARE, 81 BAY STREET

B
BANQUE NATIONALE DU CANADA

SWIFT/BIC	City	Branch	Address
`BNDCCAMMVAL`	MONTREAL	VAL	FLOOR 9, 1100 UNIVERSITE
`BNDCCAMMXXX`	MONTREAL	Head Office	800 ST-JACQUES
`BNDCCAMMNBF`	MONTREAL	NBF	800 ST-JACQUES
`BNDCCAMMPDM`	MONTREAL	PDM	800 ST-JACQUES
`BNDCCAMMCUS`	MONTREAL	CUS	800 ST-JACQUES

R
ROYAL BANK OF CANADA

SWIFT/BIC	City	Branch	Address
`ROYCCAT2CLS`	TORONTO	CLS	—
`ROYCCAT2ECL`	TORONTO	ECL	180 WELLINGTON STREET WEST
`ROYCCAT2CIC`	CALGARY	CIC	INTERNATIONAL TRADE CENTRE, 335 8TH AVENUE SOUTHWEST
`ROYCCAT2MIC`	MONTREAL	MIC	INTERNATIONAL TRADE CENTRE, 1 PLACE VILLE MARIE
`ROYCCAT2HIC`	HALIFAX	HIC	INTERNATIONAL TRADE CENTRE, 5161 GEORGE STREET

T
THE BANK OF NOVA SCOTIA

SWIFT/BIC	City	Branch	Address
`NOSCCATTVCR`	VANCOUVER	VCR	—
`NOSCCATTTR1`	TORONTO	TR1	SCOTIA BANK PLAZA, 44 KING STREET WEST
`NOSCCATTTPV`	VANCOUVER	TPV	—
`NOSCCATTTPT`	TORONTO	TPT	—
`NOSCCATTTPW`	WINNIPEG	TPW	—

Frequently asked questions

What is a SWIFT code for Canada?

A SWIFT code (BIC) for Canada is an 8 or 11-character identifier used by Canadian banks for international wire transfers. The country code portion is CA. For example, ROYCCAT2 is the SWIFT code for the Royal Bank of Canada (RBC). The structure is: 4 characters for the bank, 2 for country (CA), 2 for the city, and optionally 3 for the branch or division.

What are the SWIFT codes for major Canadian banks?

Key Canadian bank SWIFT codes include: Royal Bank of Canada (RBC) — ROYCCAT2, TD Canada Trust — TDOMCATTTOR, Scotiabank — NOSCCATT, Bank of Montreal (BMO) — BOFMCAM2, CIBC — CABOROTT, National Bank of Canada — BNDCCAMM, and Desjardins — CCDQCAMM. Always confirm the exact code with the recipient's bank.

How do I find the SWIFT code for my Canadian bank?

You can find your Canadian bank's SWIFT code on your bank statement, in your online or mobile banking app, by contacting your bank's international wire desk, or by searching on this page. The SWIFT code is different from your transit number and institution number, which are for domestic Canadian transfers only.

Do I need a SWIFT code or a transit number for international transfers to Canada?

For international transfers from outside Canada, the sender needs the recipient bank's SWIFT/BIC code plus the full account number. The five-digit transit number and three-digit institution number are for domestic Canadian transfers (Interac, EFT) and are not used by the SWIFT network. However, some banks ask for the transit number as supplementary information to identify the branch.

How long does a SWIFT transfer to Canada take?

SWIFT transfers to Canada typically arrive within one to three business days. Transfers from the US usually settle within one business day due to strong cross-border banking relationships. Transfers from Europe and Asia typically take one to two business days at major banks like RBC, TD, and Scotiabank.

Are there fees for receiving a SWIFT transfer in Canada?

Canadian banks typically charge an inbound international wire fee, often CAD 10–25 per transaction. If the transfer arrives in a currency other than CAD, the bank converts at their posted exchange rate, which typically includes a 1–3% markup over the mid-market rate. Sending in CAD from your end often results in a better total cost if your provider offers a competitive rate.

What is the difference between Interac, EFT, and SWIFT in Canada?

Interac e-Transfer is Canada's domestic instant person-to-person payment system using email or phone number. EFT (Electronic Funds Transfer) handles batch domestic transfers between Canadian banks using transit and institution numbers. Both are domestic only and cannot receive international payments. SWIFT is for cross-border international wire transfers using BIC codes.

Can I receive foreign currency directly in my Canadian bank account?

Most standard Canadian chequing accounts are CAD-denominated. However, Canada's big five banks all offer USD accounts, and some offer multi-currency accounts for other currencies. If you hold a USD account, inbound USD transfers can be credited directly without conversion. Otherwise, the bank converts at their posted rate, which includes a markup.

How SWIFT works in Canada

Canada's domestic banking system uses transit numbers (five digits) combined with institution numbers (three digits) for local transfers through the Interac and Payments Canada networks. These domestic identifiers do not work for international transfers. Inbound international wires require the recipient bank's SWIFT/BIC code, and the five major banks (RBC, TD, Scotiabank, BMO, CIBC) handle the vast majority of SWIFT traffic.

Canadian transit and institution numbers are for domestic use only. When sending internationally to Canada, you need the SWIFT/BIC code of the recipient's bank. Most Canadian banks route all inbound SWIFT transfers through a central processing center, so the branch transit number is provided separately as part of the beneficiary account details.
Canada's big five banks each have a primary SWIFT code for international wires, but they may also have secondary codes for specific divisions (such as wealth management or commercial banking). Confirm with the recipient which SWIFT code their specific account type requires.
For CAD-denominated inbound transfers, the receiving Canadian bank will credit the account in CAD. If you send in a foreign currency like USD or EUR, the bank will convert at their posted rate, which typically includes a markup of 1-3% over the mid-market rate. Sending in CAD from your end often results in a better total cost.