Credit Suisse AG, Toronto Branch SWIFT/BIC code

SWIFT/BIC code of Credit Suisse AG, Toronto Branch

The short code CRESCATT and the full code CRESCATTXXX refer to the same bank: Credit Suisse AG, Toronto Branch in Toronto, Canada. The code has a single purpose: it ensures that a cross-border transfer ends up at the right bank. It comes up mainly when dealing with payments that cross a border.

Below we go through the practical questions: receiving money at Credit Suisse AG, Toronto Branch, paying someone in another country and how to verify a SWIFT code before you hit send. The SWIFT code alone does not identify a personal account; that is what the account number or IBAN .

8 or 11 characters: CRESCATT versus CRESCATTXXX

Each SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. Together, these eight characters form CRESCATT – the version you usually see online.

XXX at the end of CRESCATTXXX is not a placeholder or a mistake: it indicates the main office of Credit Suisse AG, Toronto Branch. Some forms insist on 11 characters, in which case you can enter XXX after CRESCATT.

Leave out spaces or dashes when you enter CRESCATT or CRESCATTXXX. Pasting the code beats typing it by hand.

Scams that use SWIFT codes

One of the most common tricks goes like this: you receive a message saying that a supplier now has new bank details and that the next payment should go there. That CRESCATT is a real code is no guarantee that a request mentioning it is genuine – fraudsters use real bank codes as well.

Check changed payment details via a different channel, never via the email that asked for the change. Watch out for urgent requests, odd spelling or an email address that differs by one letter. Acted too fast? Call the bank you paid from without delay and have them start a recall and report the fraud.

People receiving money are targeted too: a classic trick is a buyer who pays too much and then sends a request to refund the difference abroad. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

How to check CRESCATT before you pay

The best place to find the correct BIC is a document from the bank itself. If the code you have differs from CRESCATT or CRESCATTXXX, do not guess.

If the code is wrong, the payment may get stuck, bounce back or end up costing more, and tracing it can take weeks. A mistake in the account number can be a bigger problem, so check that just as carefully.

An automatic check in your banking app only confirms that the IBAN is valid, not that it is the right account. Some banks now check the name with the account. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

Getting paid from abroad into a Credit Suisse AG, Toronto Branch account

Someone abroad who wants to pay you needs several details about your account – incomplete details often cause delays. The basics are: the account holder’s name, account number or IBAN, CRESCATTXXX or CRESCATT and, for some countries, your home address.

The sender’s bank might also ask for the address of your bank, in which case the Toronto head office is the usual answer. A typo in the IBAN is harder to fix than it looks.

Money from abroad does not always land for the full amount. Fees for incoming transfers differ per bank – the price list of Credit Suisse AG, Toronto Branch tells you what applies. Agree with the sender who pays which costs.

The Canadian Dollar and what conversion costs you

The local currency of Canada is the Canadian Dollar (CAD). Money sent in a different currency will be converted into CAD before it reaches the account. There is rarely a separate charge for the conversion.

Which bank converts the payment matters: every bank has its own margin. In many cases you pay less to send CAD directly through a transfer service that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Exchange rates move during the day. On larger amounts, even seemingly small difference in the rate adds up quickly.

How long does an international transfer to Credit Suisse AG, Toronto Branch take?

There is no fixed answer for international payments: some land the same day or the next while others need several business days. Bank holidays in either country add a day or more to the journey. Compliance checks by one of the banks can also add a delay.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique transaction reference, the UETR. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

Only the sending bank can start an official trace; the receiving side usually has nothing to trace yet. On the receiving end, you can check your statements to see a partial amount, since fees may have been deducted.

A note on our data

This directory draws on publicly available sources and is updated regularly. It is possible that information on this page is out of date after a merger or reorganisation. The figures on this page are based on what is in our directory and not on information from Credit Suisse AG, Toronto Branch itself.

Treat the information here as a helpful check, and let the details from the recipient or Credit Suisse AG, Toronto Branch have the final say. GoldexPay is independent of Credit Suisse AG, Toronto Branch. Found outdated information? Let us know through the contact page and we will look into it.

Head office or branch code at Credit Suisse AG, Toronto Branch?

Having 5 codes, Credit Suisse AG, Toronto Branch is one of the banks that use separate codes for parts of the organisation and departments. The main code remains CRESCATTXXX.

Unless the recipient tells you otherwise, use CRESCATTXXX. Branch codes are only needed when the account holder specifically mentions it, which is more common for business accounts and trade services.

Unsure which code to use? Ask the recipient or the bank itself. Codes are sometimes changed or retired over time.

What a transfer from Credit Suisse AG, Toronto Branch abroad really costs

An international bank payment costs more than the listed fee. You pay the fee for the transfer itself, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate when the money is converted.

That exchange rate margin is often the largest cost, and it is easy to miss. A simple test: set the rate you get next to the mid-market rate and look at the difference.

Specialist money transfer services frequently offer rates closer to the mid-market rate with clearer fees. GoldexPay compares what recipients receive with different services. You can always keep your account at Credit Suisse AG, Toronto Branch, while a cheaper service handles the conversion.