Icici Bank Canada SWIFT/BIC code

ICICCATT – the SWIFT/BIC code of Icici Bank Canada

If an invoice shows ICICCATT or ICICCATTXXX, it is the identical address for Icici Bank Canada in Canada. A SWIFT code tells the sending bank which institution should receive the money. You will need it mainly for transfers between countries.

We wrote this page to help anyone who receives money at an account at Icici Bank Canada. A SWIFT code identifies a bank or branch, never a specific account.

Scams that use SWIFT codes

Be wary if a contact unexpectedly wants you to pay into another account. A real SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Check new payment details through a separate channel, such as a phone number you already know. Watch out for time pressure, odd spelling or a sender address that is slightly off. Already paid? Call your bank without delay and have them start a recall and report the fraud.

Fraud also target the receiver: someone claims to have sent too much and wants you to refund the difference. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Head office or branch code at Icici Bank Canada?

Icici Bank Canada uses 5 separate SWIFT/BIC codes across 1 cities. One of them is the head office code, ICICCATTXXX; the others identify branches or departments, and sometimes specific services.

For the vast majority of payments to a private or business account, the head office code ICICCATTXXX is the right choice. Branch codes are only needed if the account holder specifically asks for it, which is more common for business accounts and specialised services.

Not sure which code applies? Check with the recipient or the bank itself. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Before you send: check the Icici Bank Canada code

The best place to find the correct BIC is a document from the bank itself like a bank statement or the account page in online banking. Check it with ICICCATT on this page.

An incorrect BIC can cause delays, a payment being sent back or extra fees for investigation. Do not forget the account number: an error there can be harder to undo than a wrong BIC.

Many banking apps check the structure of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a payee name check on the recipient adds extra certainty. A small test payment is worth it for large sums despite the extra fee.

The Canadian Dollar and what conversion costs you

Canada pays in the Canadian Dollar, code CAD. Money sent in a different currency will be exchanged into CAD before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate line for that conversion; it is built into the rate.

Which bank converts the money makes a difference: every bank has its own margin. Transferring the amount already in CAD often prevents a second conversion – as long as your own rate is good.

The rate for CAD changes throughout the day. For recurring payments, small differences in the rate add up over a year.

Transfer times and tracking a payment to Icici Bank Canada

An international transfer usually needs one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country can add extra days to the journey. Sometimes a bank wants to know about the purpose of a payment.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment gets a unique reference, the UETR. Keep the payment confirmation.

If a payment has not arrived after a few business days, the person who paid needs to contact their own bank rather than Icici Bank Canada. As a recipient, it helps to check your statements to see a partial amount, since fees may have been deducted.

8 or 11 characters: ICICCATT versus ICICCATTXXX

A BIC is made up of a few fixed parts: characters one to four identify the bank, the next two give the country and the two after that mark the location. For Icici Bank Canada, that core is ICICCATT.

Many payment forms accept either length. If yours requires eleven characters, enter ICICCATTXXX; if it wants eight, use ICICCATT.

In practice the code is typed in capitals and without spaces. Pasting the code beats typing it by hand.

Receiving money from abroad at Icici Bank Canada

Someone abroad who wants to pay you will ask for a few details about your account, and missing ones are a common cause of delays. The basics are: your name, account number or IBAN, ICICCATTXXX and often your postal address.

You can add the bank name and its city as well. A typo in the IBAN can be harder to fix than it looks; copy them from your banking app rather than typing.

The amount you receive is often less than what was sent. Charges on incoming payments differ per bank – the price list of Icici Bank Canada tells you what applies. On invoices, you can state how the fees are split, so that nobody is left short.

How up to date is this code?

We gather SWIFT/BIC codes from public sources and check our list regularly. It can happen that information here is no longer current, for example after a merger. The figures we show are based on what is in our directory.

Treat this page as a starting point, rather than as the final word. We are a comparison service and not affiliated with Icici Bank Canada. Spotted outdated information? Let us know through the contact page and we will look into it.

Sending money abroad from Icici Bank Canada

The price of a payment abroad has several parts. On top of a fixed fee, banks in between can deduct a fee, and when currencies are converted the bank often applies a rate that is less favourable than the actual market rate.

That exchange rate margin tends to be the largest item. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites.

For many routes, a transfer service is less expensive than a bank – mostly thanks to the rate. Before your next transfer, take a minute to compare what arrives via GoldexPay instead of going straight to your bank. Using a transfer service does not mean closing your account at Icici Bank Canada – you pay the provider from your own account.