SWIFT/BIC codes in Canada: banks starting with R

SWIFT/BIC codes in Canada

This overview covers 395 banks and other institutions in Canada and 613 SWIFT/BIC codes between them. You will need such a code mostly when making international transfers.

Each bank is listed with its own page showing its main code and, where available, branch codes. Below the list you can read how a code from Canada is put together, how to send money to Canada at a fair price and how to check a code before you pay.

Canada and the Canadian Dollar

Bank accounts in Canada are usually held in CAD. Money sent in a different currency will be converted into CAD on its way to the recipient.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Compare what CAD the recipient gets via different services; the difference between options can be larger than you expect. On larger amounts, a seemingly small difference in the rate adds up quickly.

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

Among the 395 institutions we list, Ss and C Technologies Canada Corp has the largest number of SWIFT/BIC codes in Canada. The head office of Ss and C Technologies Canada Corp has FMCCCATMXXX; that is usually the right code for a transfer.

Banks differ in whether they register branch codes – a high count is not a measure of size. If not the recipient asks for a branch, FMCCCATMXXX is fine for a payment to Ss and C Technologies Canada Corp.

Filter: banks in Canada with :letter

The letter filter narrows the list to banks in Canada starting with :letter, so you can find a bank faster. The totals mentioned above always cover all banks in Canada.

Many institutions are listed under their legal name, so the letter can differ from what you expect. The full overview for Canada is available when the letter filter does not help.

What a transfer to Canada really costs

An international bank payment to Canada can cost more than you think. You pay a transfer fee, sometimes charges from intermediary banks along the way and, most importantly, the margin on the exchange rate.

Most of the cost usually sits in the exchange rate, not in the fee: banks convert at a rate with a margin built in. An easy check: set the rate you get against the mid-market rate and work out the difference on your amount.

For a lot of routes, a specialist provider turns out to be cheaper than a traditional bank transfer. GoldexPay compares transfer services side by side, showing the amount that reaches the recipient before you commit.

How reliable is this list?

The best place to find the right code is paperwork issued by the bank. If the code you have differs from the code listed here, stop and ask – contact the recipient or their bank.

We gather bank codes using public sources and update our list regularly. Banks reorganise, change names and retire codes. Before a payment that matters, confirm the BIC with the recipient. GoldexPay is an independent comparison site and not part of any bank listed here.

Scammers often send fake invoices carrying new bank details from what looks like a familiar address. Before paying, confirm a change of bank details through a separate channel.

Recognising a SWIFT code from Canada

Every SWIFT/BIC code consists of eight or eleven characters, always in the same order. First comes a four-letter bank code, followed by a two-letter country code and two characters for the location.

You can spot a code from Canada by letters five and six: they always show the ISO country code of Canada. Codes with a different country code belong to another country – a quick way to catch mistakes.

The last three characters, if present, stand for a specific branch; XXX means the head office. Use a branch code just if the recipient explicitly gives you one; otherwise the head office code is the safe choice.

Transfer times to Canada

How quickly a payment arrives in Canada depends on a few things: the currency, the number of banks in between, daily processing deadlines and time zones. Public holidays in either country add a day or more, because banks do not process payments on those days.

If the money seems delayed, ask the sender to contact their own bank for a trace; only the sending side can start an official trace. Save your transfer receipt until the recipient confirms; a bank needs it to start a trace.

Incoming international payments in Canada

Someone abroad who wants to pay you needs several details about your account. Share your name as registered with the bank, your account number or IBAN, the BIC of your bank and your address.

Your bank’s code is in the list on this page. You can include the name and city of your bank.

Do not be surprised if the amount credited is smaller than the amount on the sender’s receipt. Fees for incoming transfers differ from bank to bank; check the price list of your bank. On invoices, state who bears the costs, so nobody is left short.

Paying a bank in Canada from abroad

For Canada you will almost always need a SWIFT/BIC code. Without it, most banks will not send the transfer at all.

In some countries, the account is identified by a local account number rather than an IBAN, sometimes with an extra bank or branch code. Ask the recipient which details their bank needs for incoming international payments. SWIFT payments can pass through correspondent banks.