Bank of America, National Association, Canada Branch SWIFT/BIC code

Bank of America, National Association, Canada Branch SWIFT code: BOFACATT

The 8-character code BOFACATT and the 11-character code BOFACATTXXX identify the same bank: Bank of America, National Association, Canada Branch in Toronto, Canada. A SWIFT code tells every bank in the chain which institution should receive the money, much like a postcode for banks. In daily life you mostly come across it on international invoices, in your banking app and on the account details that Bank of America, National Association, Canada Branch provides.

On this page you will find what the code is put together, when it matters and what else you need for a transfer to or from Bank of America, National Association, Canada Branch. A SWIFT code identifies a bank or branch, not a single account, which is why you always need the account number too.

Head office or branch code at Bank of America, National Association, Canada Branch?

Having 5 codes in 2 cities, Bank of America, National Association, Canada Branch is one of the banks that register separate codes for parts of the organisation. The main code is BOFACATTXXX.

Usually you do not need to look up a branch: payments sent to BOFACATTXXX are routed within Bank of America, National Association, Canada Branch without problems. Just use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

Not sure which code to use? Check with the recipient or the bank itself. Branch codes are more prone to be retired than BOFACATTXXX when a bank merges or closes offices.

Watch out for payment fraud

One of the most common tricks goes like this: you receive a message claiming that a supplier has a new bank account and asking you to pay there from now on. That BOFACATT is a real code is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Verify new payment details via a different channel. Pressure and requests to keep it quiet are red flags – a real supplier can wait a day. Already paid? Call your bank without delay and have them start a recall and report the fraud.

Recipients can be targeted as well: one known trick is an overpayment followed by a request to refund the difference to another account. A screenshot of a transfer is no proof.

How long does an international transfer to Bank of America, National Association, Canada Branch take?

There is no single answer for every transfer: some arrive the same day or the next. Payments made after the cut-off time or just before a weekend or public holiday usually start the next business day. Extra checks by one of the banks may also add a delay, regardless of the details.

If a transfer is late, contact your bank about the status so they can trace it along the chain. Save your transfer receipt until the recipient confirms.

Only the sending bank is able to request a trace or a recall. Request from the sender the payment receipt with the date and reference.

Sending money abroad from Bank of America, National Association, Canada Branch

The price of an international transfer is made up of more than one component – not just the fee on your screen. Besides a fixed fee, correspondent or intermediary banks may take a cut, and if currencies are converted, the bank often applies a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the biggest item, and it is easy to miss. Check their rate against the mid-market rate.

For many currency pairs, a transfer service turns out to be less expensive than a bank, mainly because of the exchange rate. Before your next transfer, take a minute comparing what arrives on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require closing your account at Bank of America, National Association, Canada Branch: you simply pay the service from your account.

Canadian Dollar (CAD) and conversion costs

Canada uses the Canadian Dollar, code CAD. If you send money in a different currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Bank of America, National Association, Canada Branch itself. There is rarely a separate charge for the conversion.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Compare what CAD the recipient gets with different services before choosing one.

Exchange rates change all the time. With bigger transfers, even small difference in the rate can be worth more than the fee.

A note on our data

We collect bank codes from publicly available data and check our list from time to time. Still, banks merge or retire codes and our data may lag behind. Counts and locations are from our directory and may differ from what Bank of America, National Association, Canada Branch publishes.

For a payment that matters, always confirm the BIC with Bank of America, National Association, Canada Branch or the recipient. GoldexPay is an independent comparison service for money transfers and not affiliated with Bank of America, National Association, Canada Branch. Spotted an error? Tell us through the contact page and we will look into it.

What the XXX in BOFACATTXXX means

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. Together, these eight characters form BOFACATT.

XXX at the end of BOFACATTXXX does not stand for a missing value or a mistake: it indicates the main office of Bank of America, National Association, Canada Branch. Some banking apps insist on 11 characters, and then you simply enter XXX after BOFACATT.

In practice the code is written in capitals, without spaces or dashes. Pasting the code beats typing it by hand.

Before you send: check the Bank of America, National Association, Canada Branch code

The safest source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check it against BOFACATT here.

If the code is wrong, the payment might get stuck, bounce back or end up costing more, and tracing it can take weeks. Remember the account number: a mistake there is harder to undo than a wrong BIC.

An automatic check by your bank merely confirms that the IBAN is valid, not that it is the right account. If your bank offers it, a name check before sending gives an extra layer of safety. When you pay someone new, some people start with a small test amount before sending the rest.

What to give a sender who pays you at Bank of America, National Association, Canada Branch

For an international payment into your account at Bank of America, National Association, Canada Branch, the person paying you has to have not just the SWIFT code. That means: your name as registered with Bank of America, National Association, Canada Branch, your account number or IBAN, the SWIFT/BIC code BOFACATTXXX (or BOFACATT) and sometimes your address.

You can include the bank name and Toronto as well. Double-check the details before you send them, because the sender’s bank usually copies them as is.

An incoming payment does not always arrive in full. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. On invoices, it is common to agree how the fees are split.