State Street Bank and Trust Co., Canada Branch SWIFT/BIC code

SWIFT/BIC code of State Street Bank and Trust Co., Canada Branch

The 8-character code SBOSCAA1 and the 11-character code SBOSCAA1XXX refer to one and the same institution: State Street Bank and Trust Co., Canada Branch, with its head office in Toronto. The code has a single purpose: it ensures that money from abroad reaches the right bank. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help anyone who receives money at an account at State Street Bank and Trust Co., Canada Branch without mistakes. The BIC names an institution, not a specific account; the IBAN or account number does that.

Sending CAD to State Street Bank and Trust Co., Canada Branch

The currency in Canada is the Canadian Dollar (CAD). If you send another currency, the amount has to be converted at some point: by your bank, an intermediary or State Street Bank and Trust Co., Canada Branch itself. You rarely see a separate charge for the conversion.

Who does the conversion affects the final amount. Check how much CAD arrives via several services.

The CAD rate changes throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate add up over time.

State Street Bank and Trust Co., Canada Branch: head office code versus branch codes

Our database contains 4 SWIFT/BIC codes for State Street Bank and Trust Co., Canada Branch in 1 places. Besides the head office code SBOSCAA1XXX, there are codes for branches, departments or specific services.

Usually you do not need to look up a branch: payments sent to SBOSCAA1XXX reach State Street Bank and Trust Co., Canada Branch without problems. When you receive a specific code, use it as it is rather than replacing it for the head office code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

When will the money arrive at State Street Bank and Trust Co., Canada Branch?

There is no fixed answer for international payments: many land within a day while others need several business days. Payments made late in the day or just before a weekend or public holiday often start the next business day. Extra checks by one of the banks may also cause a delay, regardless of the details.

When a payment takes longer than expected, contact the sending bank for the status and the transaction reference; with that reference banks can see where the payment is. Keep the payment confirmation – you will need it for any trace request.

If a payment has not arrived after a few business days, the person who paid needs to contact their own bank rather than State Street Bank and Trust Co., Canada Branch. Ask the sender for the payment receipt with the date and reference; that often settles the question quickly.

Is SBOSCAA1 still correct? How to check

The safest source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check it against SBOSCAA1 here and ask if anything does not match.

With a wrong code, the payment might get stuck, be returned or end up costing more – sometimes after weeks of searching. A mistake in the IBAN or account number can be more serious, because the money may be credited to someone else; check it just as carefully.

Most online banking apps check the structure of an IBAN – that confirms the format, not the owner. If your bank offers it, a payee name check on the recipient adds an extra layer of safety. For a first payment, some people send a small amount first before sending the rest.

Scams that use SWIFT codes

Be wary when someone unexpectedly asks you to pay into a different account or a bank in another country. That SBOSCAA1 is a real code is no guarantee that the account is legitimate.

Always verify a change of bank details by phone. Pressure or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. If a payment was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Fraud can also target the receiver. Someone sends too much and asks you to refund the extra via a different route. A screenshot of a transfer proves nothing – check your own account.

International transfers from State Street Bank and Trust Co., Canada Branch: the real cost

An international bank payment can cost rather more than the listed fee. There is the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the exchange rate markup.

The real cost is often in the rate, rather than in the fee: the bank converts at a rate with a margin built in. An easy check: put the rate you get next to the mid-market rate for the same moment and look at the difference.

For a lot of routes, a transfer service is less expensive than a bank. GoldexPay lists transfer providers next to each other so you can see what actually arrives. Choosing a specialist does not mean closing your account at State Street Bank and Trust Co., Canada Branch – you pay the provider from your own account.

What to give a sender who pays you at State Street Bank and Trust Co., Canada Branch

Someone abroad who wants to pay you needs a few details about your account – incomplete details often cause delays. That means: your name as registered with State Street Bank and Trust Co., Canada Branch, your account number or IBAN, the BIC SBOSCAA1XXX and sometimes your address.

Their bank might request the address of your bank. Check the details before you share them, because the sender’s bank usually copies them as is.

Do not be surprised if the incoming amount is smaller than what the sender paid. Charges on incoming payments differ per bank. Agree with the sender who covers the fees, especially for larger amounts.

A note on our data

We gather bank codes from public sources and update our list from time to time. It is possible that information on this page is no longer current, for example after a merger. The number of codes on this page reflect our own data.

Treat the information on this page as a handy check, and let the details from the recipient or State Street Bank and Trust Co., Canada Branch have the final say. GoldexPay is independent of State Street Bank and Trust Co., Canada Branch, we only compare transfer services. Spotted outdated information? Let us know through the contact page.

What the XXX in SBOSCAA1XXX means

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. For State Street Bank and Trust Co., Canada Branch, the 8-character core is SBOSCAA1.

Many payment forms work with either length. If yours requires eleven characters, use SBOSCAA1XXX; if it wants eight, use SBOSCAA1.

Do not add spaces or dashes when you enter SBOSCAA1. Watch for O versus 0 or the letter I and the digit 1; they are easy to mix up.