SWIFT/BIC code MLYCCAT1XXX
MLYCCAT1XXX belongs to Merrill Lynch Canada Securities in Toronto, Canada.
Code details
| SWIFT/BIC code | MLYCCAT1XXX |
|---|---|
| 8-character code | MLYCCAT1 |
| Branch code | XXX |
| Bank | Merrill Lynch Canada Securities |
| Branch | Head office |
| City | Toronto |
| Country | Canada |
How the Merrill Lynch Canada Securities SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MLYC 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
What bank is behind BIC MLYCCAT1XXX?
MLYCCAT1XXX identifies the main office of Merrill Lynch Canada Securities in Toronto, Canada. It is the code to use when you send money to an account at Merrill Lynch Canada Securities.
Are MLYCCAT1 and MLYCCAT1XXX the same SWIFT code?
Yes. MLYCCAT1 is the short version of MLYCCAT1XXX. XXX simply means head office, so both will reach Merrill Lynch Canada Securities in Toronto.
What does each part of MLYCCAT1XXX mean?
MLYC is the bank code of Merrill Lynch Canada Securities, CA is the ISO code of Canada, T1 is the location code and XXX means the head office.
What do I need for a transfer to an account at Merrill Lynch Canada Securities?
Have ready the SWIFT/BIC code MLYCCAT1XXX, the IBAN or local account number of the recipient, their full name and address. Canada is not part of SEPA, so always include the BIC.
How long does a transfer to Merrill Lynch Canada Securities take in Canada?
A SWIFT payment usually takes 1–5 business days, because of intermediary banks and cut-off times. Specialist transfer services are often faster and cheaper.
What is the cheapest way to send money to Merrill Lynch Canada Securities in Canada?
Banks often add several percent 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.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.