Manufacturers Life Insurance Company SWIFT/BIC code

Manufacturers Life Insurance Company SWIFT code: MFCTCATA

MFCTCATA and MFCTCATAXXX are two ways of writing the same SWIFT/BIC code, and both lead to Manufacturers Life Insurance Company in Toronto. A BIC has a single purpose: it makes sure that an international payment ends up at the right bank. It comes up mainly for payments that cross a border or a currency.

On this page we explain how the code is put together, when it matters and which other details a transfer to or from Manufacturers Life Insurance Company requires. The BIC names an institution, not a single account; the IBAN or account number does that.

Is MFCTCATA still correct? How to check

The most reliable source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Check it against MFCTCATA on this page; if they differ, ask before you pay.

With a wrong code, the payment might get stuck, bounce back or end up costing more – sometimes after weeks of searching. An error in the account number can be more serious because it can reach the wrong person; check it just as carefully.

Most online banking apps check the format of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. Where available, a payee name check on the recipient gives an extra layer of safety. When you pay someone new, many people start with a small amount first before sending the rest.

How up to date is this code?

The details here are taken from publicly available data that we update regularly. Institutions merge, change names and change codes. The figures on this page reflect our own data, not official figures from Manufacturers Life Insurance Company.

Before any payment that matters, always confirm the code with Manufacturers Life Insurance Company or the recipient. We are a comparison site for money transfers and not affiliated with Manufacturers Life Insurance Company. Found an error? Let us know via our contact form so we can correct it.

Getting paid from abroad into a Manufacturers Life Insurance Company account

A sender in another country needs several details from you, and missing ones are a common cause of delays. In practice that means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code MFCTCATAXXX and usually your address.

It helps to include Manufacturers Life Insurance Company and Toronto as well. A mistake in the IBAN can be more trouble than you might think.

What lands in your account can be lower than what was sent. Charges on incoming payments vary from bank to bank. On invoices, you can state how the fees are split to avoid a shortfall.

Sending CAD to Manufacturers Life Insurance Company

The currency of Canada is the Canadian Dollar (CAD). If you send money in a different currency it gets converted at some point – by your bank, by Manufacturers Life Insurance Company or by a bank in between. You rarely see a separate charge for that conversion; it is built into the rate.

Where the conversion happens affects the final amount. Compare how much CAD the recipient gets via different services.

The CAD rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate add up over a year.

Manufacturers Life Insurance Company: head office code versus branch codes

With 2 codes, Manufacturers Life Insurance Company is one of the banks that use separate codes for branches and departments. The head office code remains MFCTCATAXXX.

Usually you do not need to look up a branch: payments sent to MFCTCATAXXX reach Manufacturers Life Insurance Company correctly. A branch code only makes sense if the account holder explicitly asks for it.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Scams that use SWIFT codes

Be wary when a contact suddenly asks you to send money to a different account. A valid SWIFT code says nothing about who owns the account – scammers simply use real codes.

Always confirm a change of bank details through a phone call, using a number you already had. Watch out for urgent requests, unusual wording or a sender address that is slightly off. Already paid? Contact the bank you paid from without delay and ask them to try to recall the payment.

Fraud also work the other way: someone claims to have sent more than agreed and asks you to return the difference via a different route. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Sending money abroad from Manufacturers Life Insurance Company

The price of an international transfer has more than one component – not just the fee on your screen. On top of the transfer fee, correspondent or intermediary banks may take a cut, and when the money changes currency the bank usually applies a rate below the real market rate.

That exchange rate margin tends to be the biggest item, and it is easy to miss. Compare their rate against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialised transfer providers often use rates closer to the mid-market rate and lower fees. Before your next transfer, it is worth comparing the total cost via GoldexPay instead of going straight to your bank. Choosing a specialist does not mean closing your account at Manufacturers Life Insurance Company.

How long does an international transfer to Manufacturers Life Insurance Company take?

There is no single delivery time for every transfer: many land the same day or the next. Bank holidays in either country can add a day or more, since banks do not process on those days. Extra checks on larger or unusual payments can also cause a delay, even when all details are correct.

If a transfer is late, ask your bank about the tracking status or the UETR so they can trace it along the chain. Save your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money can request a trace or a recall; the receiving side usually has nothing to trace yet. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.

MFCTCATA or MFCTCATAXXX – which one to use?

The layout of every SWIFT code never changes: a bank code of four letters, a two-letter country code and two for the location. That gives you MFCTCATA, the short form of the code.

XXX at the end of MFCTCATAXXX does not stand for a missing value or an error: it indicates the main office of Manufacturers Life Insurance Company. Some forms ask for 11 characters, in which case you can add XXX behind MFCTCATA.

In practice the code is typed in capitals, without spaces or dashes. A wrong letter may route a payment to a different institution.