SWIFT BIC Codes for banks in Canada

[Mercury]

Most withdraws from Ripple happen from exchanges/ gateways that are international and then sent to Canada. Most require information not readily found on a average bank account (SWIFT codes, etc.)

 

Below are some information for incoming international wire to Canada

[Mercury]

TD Banks

The person sending the wire transfer to your TD Canada Trust account must provide the following information about you and your account to their financial institution:

Your name (as account holder) and your full address

Your Account number

Your branch transit number and full branch address

TD's Institution number: 004 

TD's Swift Code (international): TDOMCATTTOR (applies to all accounts and branch locations)

If the transfer is in U.S. dollars, you may need to provide the following information from our U.S Correspondent Bank:

Settlement to: Bank of America, New York

SWIFT: BOFAUS3NXXX

Fedwire ABA# 026009593

A wire transfer takes approximately 3-5 business days to be processed and received, depending on the currency sent and how many intermediary banks are used for the transfer.

All incoming wire transfers will be debited $17.50. Other fees may be applied by the issuing financial institution and intermediary banks. (You can also learn about sending a wire transfer from your TD Canada Trust account.)

Information regarding your account can be found on your cheques. For more details see How do I find my transit number, institution number, and account number?

Please note that TD Canada Trust does not have an IBAN (International Standard for Bank Account Numbers) as it's not used by financial institutions in North America. In Canada, Bank Identifier Code (BIC) can also refer to the SWIFT code. 

http://td.intelliresponse.com/accounts/index.jsp?requestType=NormalRequest&source=6&id=423&question=How+do+I+receive+a+wire+transfer+to+my+account

[Mercury]

RBC

To receive funds, you need to provide the following information to the sender:

• Your complete name and address
• Your five-digit transit number (including all zeros) for the Royal Bank account being used to receive the wire payment*
• Your seven-digit account number for the Royal Bank account being used to receive the wire payment*
• Your bank name as “Royal Bank of Canada”
• Your complete bank branch address and telephone number
• The Royal Bank of Canada SWIFT BIC, which is “ROYCCAT2”

Wire payments sent from some countries to Canada can be processed more efficiently when a properly formatted Canadian sort code is included. The nine-digit Canadian sort code can be determined by combining the standard Canadian routing code, the financial institution number and the transit number where the receiving account is held. It’s important to confirm what your correct transit number is because transits or branches can sometimes be merged or closed, which can cause confusion.

For example, if your five-digit Royal Bank transit number is “01234,” the correct nine-digit Royal Bank sort code is “//CC000301234,” based on the following:

• The common Canadian routing code is “//CC”
• The Royal Bank four-digit Financial Institution number is “0003”
• Your unique Royal Bank five-digit transit number where the funds will be received is “01234”

Wire payments sent in U.S. dollars (USD) from the U.S. are paid through JP Morgan Chase Bank, New York, NY, USA and require the following additional information:

• JP Morgan Chase Bank SWIFT BIC – CHASUS33
• Fedwire ABA routing number – 021000021
• CHIPS UID – 055253

* When the Royal Bank transit number and account number are combined

[Mercury]

Scotia Bank

Swift code:

NOSCCATTXXX / NOSCCATT

[ZIGXRP]

Has anyone used their Canadian branch to open a paired US-Based savings account?

TD offers it, and I was wondering if having a US account in your name via the Canadian branch you use would make things any easier?

[MyXRPie]

RBC offers USD savings accounts. You can send USD in and out through Swift transfers.

Once you have funds in USD, keep it that way, and then there is no need to trade in CAD on exchanges.

If you really need CAD, you can do an internal transfer once the USD is back in your personal RBC account. Not the best FX rates but better than a lot of other options.

[Mercury]

3 minutes ago, MyXRPie said:

RBC offers USD savings accounts. You can send USD in and out through Swift transfers.

Once you have funds in USD, keep it that way, and then there is no need to trade in CAD on exchanges.

If you really need CAD, you can do an internal transfer once the USD is back in your personal RBC account. Not the best FX rates but better than a lot of other options.

Have you done this? The info posted by RBC makes it sound like USD incoming wires have to be routed through their US partners?

[MyXRPie]

10 hours ago, Mercury said:

Have you done this? The info posted by RBC makes it sound like USD incoming wires have to be routed through their US partners?

Yes I have. Only from Gatehub so far but there were no issues.

Eventually I will try it with Kraken and let you know how it goes. That said, from what I experienced there were no problems.

[Mercury]

I had to go into a bank branch to sort out sending a wire to Bitstamp and asked why it was so expensive.

Its because Bitstamp, as well as Gatehub and Kraken, have 'none domicile ' banking- ie, they have an account in Slovenia with a HQ in London. The IBN you need to include in your wire transfers is for a intermediary bank (another hop that costs).

In my case it what was impossible to send to a bank in another jurisdiction than the business, until we simply said the business was HQ in Solvenia despite having a London address. Seemed to work

[vrippled]

Any similar info for BMO?