Invesco Trimark SWIFT/BIC code

What AFMICATA means for a payment to Invesco Trimark

Whether you are given AFMICATA or AFMICATAXXX, it is the same address for Invesco Trimark in Canada. The code does one job: it ensures that money from abroad reaches the right bank. It comes up mainly when dealing with payments that cross a border and payments in foreign currencies.

On this page you can read how the code means, when it matters and what else a transfer to or from Invesco Trimark requires. A SWIFT code identifies an institution, never a single account, which is why you always need the account number too.

Changed bank details? Be careful

Scammers regularly send payment requests with new bank details, sometimes in an email that looks completely genuine. The fact that AFMICATA exists does not mean that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Check new bank details via a different channel, not by replying to the message. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from straight away and ask them to try to recall the payment and report the fraud.

Recipients can be targeted as well: one known trick is a buyer who pays too much and then sends a request to refund the difference to another account. Wait until the money has really arrived – ask Invesco Trimark if something looks wrong.

Verifying the SWIFT code of Invesco Trimark

The most reliable place for the correct BIC is a document from the bank itself, such as a statement or the account details in online banking. If the code you have does not match AFMICATA or AFMICATAXXX, do not guess.

A wrong SWIFT code can cause a delay, a payment being sent back or additional charges for investigation. A mistake in the account number is more serious because it can reach the wrong person, so check that just as carefully.

Many banking apps validate the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks compare the payee name with the account before you confirm. When you pay someone new, many people start with a small amount first and wait for confirmation.

The Canadian Dollar and what conversion costs you

The currency in Canada is the Canadian Dollar (CAD). When you pay money in a different currency it has to be converted at some point. Every conversion eats into something, even when no fee is shown.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Compare what CAD arrives via different providers.

The rate for CAD changes constantly, so the amount you see is usually only valid for a short time. With bigger transfers, a seemingly small difference in the rate adds up quickly.

How up to date is this code?

The directory on GoldexPay is compiled from publicly available sources and is updated regularly. Banks merge, close branches and retire codes – a directory can be a step behind. Figures such as the number of codes come from our directory and are not confirmed by Invesco Trimark.

Treat our directory here as a helpful check and rely on the recipient or Invesco Trimark for the final confirmation. GoldexPay is not affiliated with Invesco Trimark. Spotted outdated information? Let us know via our contact form and we will look into it.

When will the money arrive at Invesco Trimark?

A SWIFT payment usually needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made late in the day or on weekends and holidays usually go out a business day later. Extra checks by one of the banks can also add some delay, even when all details are correct.

When a payment takes longer than expected, contact your bank for the tracking status. Specialist transfer services often provide a status in their app showing where the money is.

A delayed transfer has to be traced by the sending bank. On the receiving end, you can look at your account for a slightly lower amount because fees can reduce the amount.

Why Invesco Trimark has an 8- and an 11-character code

Each SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and two characters for the location. For Invesco Trimark, that core is AFMICATA.

XXX at the end of AFMICATAXXX does not stand for a placeholder or an error: it indicates the main office of Invesco Trimark. Some banking apps insist on 11 characters, in which case you can add XXX after AFMICATA.

Type the code in one piece, in upper case and without spaces. A single character may route the money to a different institution, so check it twice.

Incoming international payments to Invesco Trimark

If you are waiting for a payment from another country, send the payer everything they need in one go. Give them the account holder’s name, the IBAN or account number, the BIC AFMICATAXXX and your address.

Certain sending banks also ask for the name and address of Invesco Trimark in Toronto; it does no harm to include it. Double-check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

An incoming payment will not always arrive in full. Fees for incoming transfers differ from bank to bank – the price list of Invesco Trimark tells you what applies. On invoices, you can state who bears the costs.

Sending money abroad from Invesco Trimark

An international bank payment can cost more than the fee suggests. Besides a fixed fee, banks in between may deduct a fee, and if currencies are converted, the bank often uses a rate that is less favourable than the actual market rate.

Banks rarely list their exchange rate markup as a cost. Check their rate with the mid-market rate. The difference is your real conversion cost.

Money transfer services frequently use a rate near the mid-market rate with clearer fees. On GoldexPay you can compare the amount that arrives across providers, which makes the cheapest option easy to spot. Choosing a specialist does not require leaving Invesco Trimark – you pay the provider from your own account.

Choosing between the 2 SWIFT codes of Invesco Trimark

Our database contains 2 SWIFT/BIC codes for Invesco Trimark, spread over 1 locations. Besides the head office code AFMICATAXXX, there are codes for branches, departments or specific services.

Unless the recipient tells you otherwise, go with AFMICATAXXX. A branch code only makes sense if the recipient’s bank explicitly mentions it.

The best way is to take the code directly from the recipient’s invoice. Codes for branches are more prone to be retired than the head office code.