SWIFT/BIC code MINCCAT1XXX
MINCCAT1XXX belongs to Merit Investment Corporation in Toronto, Canada.
Code details
| SWIFT/BIC code | MINCCAT1XXX |
|---|---|
| 8-character code | MINCCAT1 |
| Branch code | XXX |
| Bank | Merit Investment Corporation |
| Branch | Head office |
| City | Toronto |
| Country | Canada |
How the Merit Investment Corporation SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MINC Bank code
- 4 letters that identify the bank.
- CA Country code
- 2 letters for the country (ISO 3166).
- T1 Location code
- 2 characters for the city or region of the head office.
- XXX 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
Which institution uses SWIFT code MINCCAT1XXX?
MINCCAT1XXX is the SWIFT/BIC code of the head office of Merit Investment Corporation in Toronto, Canada. It is the code to use when a payment to Merit Investment Corporation does not need a specific branch.
Which details do I need for a transfer to an account at Merit Investment Corporation?
You need the SWIFT/BIC code MINCCAT1XXX, the IBAN or local account number of the recipient, their full name and address. Canada is not part of SEPA, so the BIC is required.
What do the letters in MINCCAT1XXX stand for?
MINC is the institution code of Merit Investment Corporation, CA stands for Canada, T1 is the location code and XXX marks the head office.
What happens if I use MINCCAT1XXX incorrectly?
Your transfer can bounce, get stuck or cost extra. Double-check MINCCAT1XXX against the details from Merit Investment Corporation before sending.
How long does it take to send money to Merit Investment Corporation in Canada?
An international SWIFT transfer usually takes 2–5 business days, because of intermediary banks and cut-off times. Specialist transfer services are often faster and cheaper.
Is MINCCAT1 and MINCCAT1XXX the same SWIFT code?
Yes, they are. MINCCAT1 is the 8-character version of MINCCAT1XXX. The XXX at the end only refers to the head office, so either version will reach Merit Investment Corporation in Toronto.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.