SWIFT/BIC codes in Canada: banks starting with K

SWIFT/BIC codes in Canada

On this page you find the SWIFT/BIC codes of 395 banks in Canada. A SWIFT code shows every bank in the chain exactly which bank should receive an international payment.

Look for the recipient’s bank in the list and click through to see all codes we have and the details a transfer needs. The rest of this page explain the structure of the codes, what transfers cost and how to avoid mistakes before you send money.

Incoming international payments in Canada

To receive a transfer from abroad in Canada, the person paying you has to have more than the SWIFT code. Share your name as registered with the bank, the IBAN or account number, the BIC of your bank and your address.

The code of your bank is in our list but always compare it with your own bank details. You can include your bank’s name and city because some forms have separate fields for it.

The amount you receive is often lower than what was sent. Charges on incoming payments vary per bank; check the price list of your bank. Make clear with the sender who pays which costs, especially for larger amounts.

Bank or transfer service for Canada?

When you transfer money to Canada through your bank, the stated fee is only part of what you pay. Besides the fee, intermediary banks may take a cut and, if currencies are converted, the bank usually applies a rate below the real market rate.

That exchange rate margin is often the largest part of the cost, even though it is not listed as a fee. An easy check: set the offered rate against the mid-market rate and look at the difference.

Money transfer services frequently use rates closer to the mid-market rate with clearer fees. Before your next transfer to Canada, take a minute to compare what arrives on GoldexPay rather than accepting the first rate you see.

Most SWIFT codes in Canada: Ss and C Technologies Canada Corp

Ss and C Technologies Canada Corp tops our list for Canada in SWIFT/BIC codes. Its head office code is FMCCCATMXXX, which is the code to use when no branch is specified.

Many codes often means that the bank registers branches and departments separately. Paying someone at Ss and C Technologies Canada Corp? Use FMCCCATMXXX unless a specific branch code is requested.

Check the code before you pay

The most reliable place for the right code remains a document from the bank itself. An incorrect BIC may lead to delays, a payment being sent back or additional charges – compare it with the code in our list.

We gather bank codes using publicly available data and update them from time to time. Banks reorganise, close branches and retire codes – a directory can be a step behind. Use our data as a starting point, not as the final word; the recipient’s bank details are leading. GoldexPay is not a bank.

Scammers regularly use fake invoices with new bank details. A valid BIC says nothing about who owns the account: criminals use real codes too.

Banks in Canada beginning with the letter :letter

Here you see a selection: just institutions in Canada with a name starting with :letter. The totals mentioned above still cover all banks in Canada, not just this letter.

If a bank does not appear under :letter, check another letter. Try the full list for Canada when you are not sure the exact name.

What the letters in a Canada BIC mean

A SWIFT code is 8 or 11 characters long. First comes four letters for the bank, then two letters for the country and two characters for the location.

You can recognise a bank code from Canada by letters five and six. A code with a different country code belong to a bank abroad, even if the bank name looks familiar.

When a code ends in XXX, it refers to the main office. In most cases the head office code is what you need unless the recipient asks for a specific branch.

Transfer times to Canada

A SWIFT payment to Canada usually takes anywhere from one to several business days – it depends on currency, route and the banks in between. Payments made late in the day or just before a weekend or public holiday usually go out a business day later.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR. Specialist transfer services usually provide tracking in their app, which makes it easier to see where the money is.

Paying in CAD: what conversion costs you

The currency of Canada is the Canadian Dollar (CAD). If you send money in a different currency, the amount has to be converted at some point – by your bank, a bank in between or the recipient’s bank.

Where the conversion happens affects the final amount, as rates and margins differ per bank. Compare how much CAD the recipient gets via different services before choosing one. Exchange rates change during the day – some providers let you lock in a rate.

International payments to Canada and the BIC

To pay into Canada you almost always need the BIC. Without it, your bank cannot process the payment at all.

Not every country uses the IBAN – where there is none, the local account number is enough. Ask the recipient exactly which details their bank needs for payments from abroad. Before it arrives, a transfer may pass through correspondent banks.