Goldman Sachs Canada Inc. SWIFT/BIC code

SWIFT/BIC code of Goldman Sachs Canada Inc.

Whether a recipient gives you GSLTCAT1 or GSLTCAT1XXX, it is the same address for Goldman Sachs Canada Inc. in Canada. A BIC does one job: it makes sure that money from abroad ends up at the right bank. You will need it mostly for transfers between countries and payments in foreign currencies.

On this page you will find how the code means, when you need it and which other details a transfer to or from Goldman Sachs Canada Inc. requires. Remember that the SWIFT code only identifies the bank, not the person: the account number or IBAN does that part.

When will the money arrive at Goldman Sachs Canada Inc.?

An international transfer usually takes one to a few business days. Payments made after the cut-off time or just before a weekend or public holiday often go out a business day later. Compliance checks on larger or unusual payments may also cause some delay, regardless of the details.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually provide a status online showing where the payment has got.

A missing payment is traced from the sending side on the basis of the transfer details. Ask the sender for a copy of the payment confirmation including the reference.

Where our SWIFT data comes from

We collect SWIFT/BIC codes using publicly available data and update them regularly. Institutions reorganise, change names and change codes. The figures on this page are based on what is in our directory.

Before a payment that matters, always confirm the BIC with Goldman Sachs Canada Inc. or with the recipient. We are an independent comparison service and not affiliated with Goldman Sachs Canada Inc.. Spotted an error? Let us know via our contact form.

Head office or branch code at Goldman Sachs Canada Inc.?

With 2 codes, Goldman Sachs Canada Inc. is one of the banks that register individual codes for parts of the organisation. The main code is GSLTCAT1XXX.

For most payments to a private or business account, the head office code GSLTCAT1XXX is the right choice. When you receive a branch code, stick to it rather than replacing it for the head office code.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes can change when banks reorganise, so do not rely on old paperwork.

Why Goldman Sachs Canada Inc. has an 8- and an 11-character code

The structure of every SWIFT code never changes: a bank code of four letters, two for the country and two for the location. The result is GSLTCAT1, the short form of the code.

Most banks and apps accept both lengths. If a form requires eleven characters, enter GSLTCAT1XXX; if it wants eight, use GSLTCAT1.

Do not add spaces when you enter GSLTCAT1; the code is always written in one block. A wrong character can send a payment to a different institution.

Incoming international payments to Goldman Sachs Canada Inc.

To receive a transfer from abroad at Goldman Sachs Canada Inc., the person paying you has to have more than the BIC. What they need is: the account holder’s name, account number or IBAN, GSLTCAT1XXX and in many cases your postal address.

You can add Goldman Sachs Canada Inc. and its city too, since some forms ask for it. Double-check the details before you share them.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. Agree with the sender who covers the fees before the money is sent.

Is GSLTCAT1 still correct? How to check

The most reliable place for the correct BIC is paperwork issued by the bank, such as a statement or the account details in online banking. Compare it with GSLTCAT1 on this page; if they differ, ask before you pay.

Errors in the BIC tend to be costly rather than fatal: often the payment comes back, minus fees. A mistake in the IBAN or account number can be a bigger problem because it can reach the wrong person, so check that just as carefully.

Most online banking apps validate the format of an IBAN and some suggest the matching BIC. Where available, a name check on the recipient adds an extra layer of safety. A small test payment is worth it for large sums, even if it costs an extra fee.

What a transfer from Goldman Sachs Canada Inc. abroad really costs

If you send money to another country through Goldman Sachs Canada Inc., the fee you see is only part of the cost. On top of the transfer fee, correspondent or intermediary banks can take a cut, and when the money changes currency the bank often uses a rate that is less favourable than the actual market rate.

The real cost is often in the rate, rather than in the fee: many banks convert at a rate that includes a margin. Check their rate against the mid-market rate.

For a lot of currency pairs, a transfer service is less expensive than a bank – mostly thanks to the rate. Next time you send money, it is worth comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require leaving Goldman Sachs Canada Inc. – you pay the provider from your own account.

Scams that use SWIFT codes

Fraudsters regularly use payment requests with new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code says nothing about whether the request is genuine.

Check new bank details through a different channel like a call to a number from an earlier contract. Watch out for urgent requests, unusual wording or a sender address that is slightly off. If money has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Scams can also work the other way. Someone claims to have sent more than agreed and wants you to refund the difference. Wait until the money is actually in your account – ask Goldman Sachs Canada Inc. if something looks wrong.

Sending CAD to Goldman Sachs Canada Inc.

The national currency of Canada is the Canadian Dollar (CAD). Money sent in a different currency will be exchanged into CAD on its way to Goldman Sachs Canada Inc.. You rarely see a separate line for that conversion; it is built into the rate.

Where the conversion happens affects the final amount. Sending the amount directly in CAD usually avoids a second conversion by Goldman Sachs Canada Inc..

Rates for CAD move during the day – some services let you fix a rate in advance. On larger amounts, a seemingly small gap in the rate adds up quickly.