RBC Investor Services Trust, Australian Branch SWIFT/BIC code

RBC Investor Services Trust, Australian Branch SWIFT code: ROYCAUSG

Whether a recipient gives you ROYCAUSG or ROYCAUSGXXX, it is the identical identifier for RBC Investor Services Trust, Australian Branch in Australia. Every bank on the SWIFT network uses BIC codes to route payments between countries to the correct bank. In practice you usually come across the code on invoices from abroad, in payment forms and in the bank details of RBC Investor Services Trust, Australian Branch customers.

On this page you can read how the code is put together, when it matters and which other details a transfer to or from RBC Investor Services Trust, Australian Branch requires. Remember that the BIC just identifies the bank, not the person: the IBAN or account number takes care of that.

Changed bank details? Be careful

A common scam works like this: you receive a message claiming that a contact now has a new bank account. That ROYCAUSG is a real code is no guarantee that the account is genuine; criminals use the codes of real banks too.

Always confirm a change of bank details by phone on a number you know, not one from the message. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Call the bank you paid from straight away and ask them to start a recall and report the fraud.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to refund the difference. Wait until the money has really arrived.

Getting paid from abroad into a RBC Investor Services Trust, Australian Branch account

For an international payment into your account at RBC Investor Services Trust, Australian Branch, the person paying you has to have more than the SWIFT code. That means: your full name as registered with RBC Investor Services Trust, Australian Branch, your IBAN or account number, the SWIFT/BIC code ROYCAUSGXXX (or ROYCAUSG) and usually your address.

Some banks also ask for the address of RBC Investor Services Trust, Australian Branch, so keep it at hand. Double-check the details before you send them.

An incoming payment does not always arrive in full. Charges on incoming payments differ per bank. For business payments, you can state who bears the costs.

8 or 11 characters: ROYCAUSG versus ROYCAUSGXXX

The layout of every SWIFT code never changes: a bank code of four letters, two for the country and a two-character location code. In this case, the 8-character core is ROYCAUSG.

Many banks and apps accept either length. If a form asks for eleven characters, use ROYCAUSGXXX, otherwise ROYCAUSG is fine.

Leave out spaces when you enter ROYCAUSG. Watch for O versus 0 or the letter I and the digit 1.

Is ROYCAUSG still correct? How to check

Have the recipient copy the bank details directly from a recent statement. If the code you have differs from ROYCAUSG or ROYCAUSGXXX, do not guess: check with the recipient or with RBC Investor Services Trust, Australian Branch directly.

If the code is wrong, the payment might be delayed, be returned or cost extra, and tracing it can take weeks. Remember the account number: an error there can be harder to correct than a wrong BIC.

Most online banking apps check the structure of IBANs and sometimes look up the BIC automatically. Where available, a name check on the recipient gives extra certainty. For a first payment, many people start with a small amount first.

Head office or branch code at RBC Investor Services Trust, Australian Branch?

RBC Investor Services Trust, Australian Branch uses 12 different SWIFT/BIC codes. One of them is the head office code, ROYCAUSGXXX; the rest belong to branches or departments, and sometimes internal departments.

In most cases there is no need to look up a branch: payments addressed to ROYCAUSGXXX are routed within RBC Investor Services Trust, Australian Branch correctly. A branch code only makes sense when the recipient’s bank specifically asks for it, which is more common for business accounts and specialised services.

Not sure which code to use? Ask the recipient, or look at a recent statement from RBC Investor Services Trust, Australian Branch. Branch codes are more prone to be retired than the head office code.

When will the money arrive at RBC Investor Services Trust, Australian Branch?

An international transfer typically takes one to a few business days. Bank holidays in the sending or receiving country can add extra days. Compliance checks by one of the banks may also cause some delay, even when all details are correct.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every payment gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services often show tracking in their app so you can see how far the money has got.

Only the sending bank can request a trace or a recall. Request from the sender the payment receipt including the reference.

A note on our data

Our SWIFT/BIC directory draws on public sources and we update it periodically. Institutions reorganise, close branches and change codes. The number of codes on this page are based on what is in our directory and not on information from RBC Investor Services Trust, Australian Branch itself.

See our directory on this page as a handy check. GoldexPay is independent of RBC Investor Services Trust, Australian Branch; we are a comparison site for money transfers. Found an error? Tell us via our contact form.

What a transfer from RBC Investor Services Trust, Australian Branch abroad really costs

A bank transfer abroad costs more than the fee suggests. There is the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, above all, the margin on the exchange rate if the currency changes.

Banks rarely list the margin on the rate as a cost. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For a lot of currency pairs, a specialist provider is less expensive than a traditional bank transfer. Before your next transfer, it is worth to compare what arrives on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not mean closing your account at RBC Investor Services Trust, Australian Branch – you pay the provider from your own account.

The Australian Dollar and what conversion costs you

Australia pays in the Australian Dollar, with the currency code AUD. A payment in a foreign currency will be converted into AUD on its way to RBC Investor Services Trust, Australian Branch, and whoever converts it chooses the rate. Each conversion costs something – usually through the rate rather than a fee.

Who converts the payment makes a difference. Check what AUD arrives with different providers; the difference between options can be larger than you expect.

Exchange rates change during the day. With bigger transfers, even seemingly small gap in the rate can be worth more than the fee.