Bombardier Inc. SWIFT/BIC code

What BIHOCAMM means for a payment to Bombardier Inc.

Whether a recipient gives you BIHOCAMM or BIHOCAMMXXX, you are looking at the same address for Bombardier Inc. in Canada. The code does one job: it ensures that money from abroad ends up at the right bank. It comes up mainly when dealing with payments that cross a border.

We wrote this page to help people who sends money to an account at Bombardier Inc. and wants to get the details right. Keep in mind that the BIC only identifies the bank, not the person: the account number or IBAN takes care of that.

Tracking a transfer to or from Bombardier Inc.

How fast a payment reaches Bombardier Inc. is determined by a few things: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Transfers sent after the cut-off time or just before weekends and holidays often start a business day later. Extra checks by one of the banks may also cause a delay, regardless of the details.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often show tracking online so you can see how far the money is.

Only the sending bank is able to start an official trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, it helps to look at your account for a slightly lower amount because fees can reduce the amount.

What a transfer from Bombardier Inc. abroad really costs

An international bank payment can cost rather more than the fee suggests. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate if the currency changes.

Many banks rarely show the margin on the rate separately, but you pay it all the same. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Money transfer services frequently offer rates closer to the mid-market rate with clearer fees. Before your next transfer, take a minute comparing what arrives on GoldexPay. Using a transfer service does not require leaving Bombardier Inc.: you simply pay the service from your account.

Where our SWIFT data comes from

This directory draws on public sources and is updated regularly. Still, banks merge, rename themselves or change codes, so information can be out of date. The number of codes we show are based on our own data, not official figures from Bombardier Inc..

Before a payment that matters, check the BIC with Bombardier Inc. or with the recipient. GoldexPay is not affiliated with Bombardier Inc.; we are a comparison site for money transfers. Spotted an error? Let us know through the contact page and we will look into it.

Which of the 2 codes of Bombardier Inc. do you need?

We have 2 SWIFT/BIC codes for Bombardier Inc.. Besides the head office code BIHOCAMMXXX, there are codes for regional offices and specialised units.

For most incoming transfers, the head office code BIHOCAMMXXX is the right choice. Only use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code to use? Check with the recipient, or look at a recent statement from Bombardier Inc.. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

Receiving money from abroad at Bombardier Inc.

For a transfer from abroad into your account at Bombardier Inc., the person paying you needs not just the BIC. That means: your name exactly as it appears on the account, your IBAN or account number, the BIC BIHOCAMMXXX (or BIHOCAMM) and sometimes your address.

The sender’s bank might request the address of your bank, in which case the Montreal head office is the usual answer. Check the details before you share them.

The amount you receive can be less than the amount sent. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. For business payments, you can state how the fees are split, so that nobody is left short.

Paying into Bombardier Inc. in CAD

Accounts at Bombardier Inc. are typically held in CAD, the local currency. If you send another currency has to be converted somewhere along the way. Every conversion eats into the amount, even when no fee is shown.

Who converts the money makes a difference, because each party uses its own rate. Check how much CAD the recipient gets with different providers; the difference between options can be larger than you expect.

Exchange rates move all the time – some services let you fix a rate in advance. With bigger transfers, a small difference in the rate adds up quickly.

Is BIHOCAMM still correct? How to check

Ask the recipient to copy their bank details directly from a recent statement. When the code you were given differs from BIHOCAMM or BIHOCAMMXXX, stop and ask.

Errors in the BIC tend to be costly rather than disastrous – usually the money comes back, minus fees and time lost. Do not forget the IBAN: an error there is more difficult to correct than a wrong code.

Many banking apps validate the structure of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check on the recipient adds an extra layer of safety. When you pay someone new, some people start with a small amount first.

Changed bank details? Be careful

Stay alert if a contact unexpectedly asks you to send money to a different account abroad. A correct SWIFT code says nothing about whether the request is genuine.

Do not trust contact details from the same email that contains the change. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. If money was sent to a fraudster, contact your bank immediately.

People receiving money are targeted too: one known trick is a buyer who pays too much followed by a request to refund the difference to another account. Wait until the money has really arrived and check with Bombardier Inc. if anything seems off.

What the XXX in BIHOCAMMXXX means

The structure of every SWIFT code never changes: a bank code of four letters, two for the country and two for the location. For Bombardier Inc., the 8-character core is BIHOCAMM.

XXX at the end of BIHOCAMMXXX is not a placeholder or an error: it indicates the main office of Bombardier Inc.. Certain payment forms ask for 11 characters, and then you can add XXX after BIHOCAMM.

Enter the code as one block, in upper case and without spaces. A wrong character can send a payment to a different institution, so check it twice.