SWIFT/BIC code POSUCAT1XXX
POSUCAT1XXX belongs to Polar Securities Inc in Toronto, Canada.
Code details
| SWIFT/BIC code | POSUCAT1XXX |
|---|---|
| 8-character code | POSUCAT1 |
| Branch code | XXX |
| Bank | Polar Securities Inc |
| Branch | Head office |
| City | Toronto |
| Country | Canada |
The way the Polar Securities Inc SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- POSU 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 is behind SWIFT/BIC code POSUCAT1XXX?
POSUCAT1XXX identifies the headquarters of Polar Securities Inc in Toronto, Canada. It is the code to use when you send money to an account at Polar Securities Inc.
Is POSUCAT1 and POSUCAT1XXX the same code?
Yes, they are. POSUCAT1 is the 8-character version of POSUCAT1XXX. XXX simply means head office, so either version will reach Polar Securities Inc in Toronto.
What does each part of POSUCAT1XXX mean?
POSU is the institution code of Polar Securities Inc, CA is the ISO code of Canada, T1 is the code for the city or region and XXX marks the head office.
Which details do I need for a transfer to an account at Polar Securities Inc?
Have ready the SWIFT/BIC code POSUCAT1XXX, the account number or IBAN of the recipientand the name of the account holder. Canada uses international SWIFT transfers, so always include the BIC.
How long does it take to send money to Polar Securities Inc in Canada?
An international SWIFT transfer typically takes 2–5 business days, because of correspondent banks and time zones. Specialist transfer services are often faster than a bank.
What is the best way to send money to Polar Securities Inc in Canada?
Many banks 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.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.