SWIFT/BIC code BOFMCAT2FXM
BOFMCAT2FXM belongs to Bank of Montreal, The in Toronto, Canada.
Code details
| SWIFT/BIC code | BOFMCAT2FXM |
|---|---|
| 8-character code | BOFMCAT2 |
| Branch code | FXM |
| Bank | Bank of Montreal, The |
| Branch | Foreign Exchange and Money Market |
| City | Toronto |
| Country | Canada |
How the Bank of Montreal, The SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- BOFM Bank code
- 4 letters that identify the bank.
- CA Country code
- 2 letters for the country (ISO 3166).
- T2 Location code
- 2 characters for the city or region of the head office.
- FXM Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
What bank uses SWIFT code BOFMCAT2FXM?
BOFMCAT2FXM identifies Foreign Exchange and Money Market, a branch or department of Bank of Montreal, The in Toronto, Canada. Only use it if the account is held at this specific branch.
What do I need for a transfer to an account at Bank of Montreal, The?
You need the SWIFT/BIC code BOFMCAT2FXM, the IBAN or local account number of the recipientand the name of the account holder. Canada uses international SWIFT transfers, so always include the BIC.
What does each part of BOFMCAT2FXM stand for?
BOFM is the bank code of Bank of Montreal, The, CA is the ISO code of Canada, T2 is the code for the city or region and FXM is the code of the branch Foreign Exchange and Money Market.
What is the best way to send money to Bank of Montreal, The?
Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Canadian Dollar with specialist providers before you send – the difference can be large.
How long does a transfer to Bank of Montreal, The take in Canada?
An international SWIFT transfer typically takes 2–5 business days, depending on intermediary banks and cut-off times. Money transfer services are often quicker than a bank.
Can I use BOFMCAT2 instead of BOFMCAT2FXM?
BOFMCAT2 is the head office of Bank of Montreal, The, while BOFMCAT2FXM points to Foreign Exchange and Money Market. Most international transfers work with the head office code, yet follow the instructions of the recipient if they mention BOFMCAT2FXM.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.