Morgan Stanley Canada Limited SWIFT/BIC code

Morgan Stanley Canada Limited SWIFT code: MSCACATX

Whether you are given MSCACATX or MSCACATXXXX, you are looking at the identical identifier for Morgan Stanley Canada Limited in Canada. Every bank on the SWIFT network uses these codes to direct payments between countries to the right bank. You will need it mostly for payments that cross a border.

This page is meant to help anyone who sends money to an account at Morgan Stanley Canada Limited. The BIC identifies an institution, never a specific account, which is why you always need the account number too.

Getting paid from abroad into a Morgan Stanley Canada Limited account

To receive a transfer from abroad into your account at Morgan Stanley Canada Limited, the sender needs not just the SWIFT code. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the BIC MSCACATXXXX (or MSCACATX) and, often, your postal address.

Some sending banks also ask for the name and address of Morgan Stanley Canada Limited; it does no harm to include it. Check every detail before you share them.

What lands in your account is often less than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. For business payments, it is common to state who bears the costs.

Before you send: check the Morgan Stanley Canada Limited code

The most reliable source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. When the code you were given differs from MSCACATX or MSCACATXXXX, do not guess.

Mistakes in the BIC tend to be annoying more than fatal. An error in the IBAN or account number is a bigger problem, because the money may be credited to someone else.

Many banking apps check the format of an IBAN and some suggest the matching BIC. Some banks now compare the name with the account. When you pay someone new, many people start with a small test amount and wait for confirmation.

The Canadian Dollar and what conversion costs you

Accounts at Morgan Stanley Canada Limited are typically held in CAD, the local currency of Canada. If you send another currency it has to be converted somewhere along the way – by your bank, by Morgan Stanley Canada Limited or by a bank in between. You rarely see a separate line for the conversion; it is built into the rate.

Who does the conversion affects the final amount. Check what CAD arrives via different services before choosing one.

The CAD rate fluctuates constantly. For recurring payments, a slightly better rate add up over time.

Morgan Stanley Canada Limited: head office code versus branch codes

Our database contains 2 SWIFT/BIC codes for Morgan Stanley Canada Limited. Besides the head office code MSCACATXXXX, there are codes for branches, departments or specific services.

For the vast majority of incoming transfers, the head office code MSCACATXXXX works fine. Branch codes are only needed when the recipient’s bank specifically mentions it, which is more common for corporate accounts and specialised services.

Unsure which code applies? Ask the recipient or the bank itself. Branch codes are more prone to be retired than MSCACATXXXX.

MSCACATX or MSCACATXXXX – which one to use?

Each SWIFT/BIC code has an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. Together, those parts form MSCACATX, the code most people search for.

XXX at the end of MSCACATXXXX does not stand for a missing value or a mistake: it stands for the main office of Morgan Stanley Canada Limited. Some forms ask for 11 characters, in which case you can add XXX behind MSCACATX.

Enter the code as one block, in capitals and without separators. Copying the code is safer than retyping it: a typo can point to another bank.

How up to date is this code?

We collect bank codes from public sources and check our list regularly. Institutions merge, close branches and retire codes, and a directory never catches every change immediately. Counts and locations come from our directory.

Treat our data as a reference, rather than as the final word. GoldexPay is not affiliated with Morgan Stanley Canada Limited. Should you notice a mistake, we appreciate a message via the contact page.

Tracking a transfer to or from Morgan Stanley Canada Limited

An international transfer typically takes one to a few business days. Payments made late in the day or just before a weekend or public holiday usually start the next business day. Compliance checks on larger or unusual payments can also cause some delay, regardless of the details.

If a transfer is late, ask the sending bank for the status or the UETR. Save the payment confirmation.

A delayed transfer has to be traced from the sending side. Request from the sender a copy of the payment confirmation – it helps your own bank look for the money.

Protect yourself against fake payment requests

Stay wary if someone suddenly asks you to send money to a different account. The fact that MSCACATX exists does not mean that the account is legitimate.

Check new payment details via a different channel, such as a phone number you already know. Watch out for time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Call the bank you paid from without delay and have them start a recall; also report it to the police.

Recipients are targeted too: a classic trick is a buyer who pays too much followed by a request to send back the difference to another account. Wait until the money has really arrived – ask Morgan Stanley Canada Limited if something looks wrong.

What a transfer from Morgan Stanley Canada Limited abroad really costs

What you pay for a payment abroad is made up of more than one component. On top of a fixed fee, banks in between may take a cut, and when the money changes currency, the bank usually uses a rate below the actual market rate.

Banks rarely show the margin on the rate as a cost – you only notice it if you compare. A simple test: put the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

For many currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. Next time you send money, it is worth to compare the total cost via GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not mean leaving Morgan Stanley Canada Limited: you simply pay the service from your account.