RBC Investor Services Trust SWIFT/BIC code

ROTRCATT – the SWIFT/BIC code of RBC Investor Services Trust

Whether a recipient gives you ROTRCATT or ROTRCATTXXX, it is the identical identifier for RBC Investor Services Trust in Canada. A SWIFT code shows every bank in the chain which institution is meant to get the money. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

On this page you will find what the code is put together, when you need it and which other details you need for a transfer to or from RBC Investor Services Trust. Keep in mind that the SWIFT code only identifies the bank, not the account: the IBAN or account number takes care of that.

Sending money abroad from RBC Investor Services Trust

A bank transfer abroad costs rather more than the fee suggests. On top of the transfer fee, banks in between may take a cut, and if the money changes currency the bank usually applies a rate that is less favourable than the real market rate.

The markup on the rate tends to be the largest item, and it is easy to miss. An easy check: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

Money transfer services frequently use a rate near the mid-market rate with clearer fees. GoldexPay compares what recipients receive across services. Choosing a specialist does not mean leaving RBC Investor Services Trust: you simply pay the service from your account.

How up to date is this code?

The details here are taken from public sources. It can happen that information on this page is no longer current, for example after a merger. Figures such as the number of codes are from our own dataset.

Use this page as a reference, not as the final word. GoldexPay has no connection to RBC Investor Services Trust. If you notice something that is out of date, we welcome a message.

What the XXX in ROTRCATTXXX means

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. In this case, the 8-character core is ROTRCATT.

The long version has a three-character extension that identify a branch or department. When those three characters are XXX, the code points to the head office, which is why ROTRCATTXXX and ROTRCATT lead to the same place.

As a rule the code is typed in capitals and without spaces. A wrong character can send a payment to another bank, so check it twice.

Receiving money from abroad at RBC Investor Services Trust

For an international payment into your account at RBC Investor Services Trust, the person paying you has to have more than the BIC. Share your name as the bank knows it, your account number or IBAN, SWIFT code ROTRCATTXXX and your address.

It helps to add RBC Investor Services Trust and its city too. A typo in the IBAN can be more trouble than it looks.

Do not be surprised if the incoming amount is below what the sender paid. Fees for incoming transfers vary from bank to bank. Make clear with the sender who pays which costs before the money is sent.

Transfer times and tracking a payment to RBC Investor Services Trust

An international transfer usually needs one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in either country can add extra days, since banks do not process on those days. Occasionally a bank asks about the purpose of a payment.

If the money seems late, contact your bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Save the payment confirmation; it contains the details a bank needs to start a trace.

If the money does not arrive after a few business days, the person who paid needs to contact their own bank rather than RBC Investor Services Trust. Ask the sender for a copy of the payment confirmation including the reference – it helps your own bank look for the money.

Watch out for payment fraud

Criminals often send fake invoices containing changed bank details sent from what looks like a familiar address. The fact that ROTRCATT exists does not mean that a request mentioning it is legitimate.

Check changed payment details through a different channel, never via the email that asked for the change. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. If money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Fraud also work the other way: someone sends too much and wants you to refund the difference to a new account. Wait until the money has really arrived.

RBC Investor Services Trust: head office code versus branch codes

Having 8 codes in 2 cities, RBC Investor Services Trust is one of the banks that register separate codes for parts of the organisation. The main code remains ROTRCATTXXX.

Usually you do not need to look up a branch: transfers sent to ROTRCATTXXX reach RBC Investor Services Trust without problems. Only use a branch code when the account holder explicitly asks for it, for example on a letter or invoice.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

Is ROTRCATT still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Compare that code with ROTRCATT on this page; if they differ, ask before you pay.

With a wrong code, the transfer might get stuck, be returned or end up costing more. An error in the IBAN or account number can be more serious.

Many banking apps validate the structure of an IBAN. Where available, a name check before sending gives an extra layer of safety. When you pay someone new, some people start with a small amount first and wait for confirmation.

Paying into RBC Investor Services Trust in CAD

Canada pays in the Canadian Dollar, with the currency code CAD. A payment in a foreign currency is converted into CAD, and whoever converts it chooses the rate. Each conversion eats into the amount – usually through the rate rather than a fee.

Where the conversion happens has an effect on how much arrives. Often it is cheaper if you send CAD straight away through a provider that converts near the mid-market rate.

The CAD rate changes constantly, so the amount you see is usually only valid for a short time. On larger amounts, even small gap in the rate can be worth more than the fee.