The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch SWIFT/BIC code

What BOTKCATX means for a payment to The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch

Whether a recipient gives you BOTKCATX or BOTKCATXXXX, you are looking at the identical address for The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch in Canada. The code does one job: it makes sure that money from abroad ends up at the right bank. It comes up mostly for payments that cross a border.

On this page you can read what the code is put together, when it matters and what else you need for a transfer to or from The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch. The BIC names an institution, not a single account; the IBAN or account number does that.

Paying someone abroad from your The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch account

When you transfer money to another country through The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch, the visible fee is only part of the cost. You pay the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the margin on the exchange rate.

That exchange rate margin tends to be the largest item, and it is easy to miss. Check their rate against the mid-market rate. The difference is your real conversion cost.

For many routes, a specialist provider is cheaper than a bank. On GoldexPay we compare the amount that arrives across providers, so you can pick the cheapest route. Choosing a specialist does not mean leaving The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch: you simply pay the service from your account.

Choosing between the 2 SWIFT codes of The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch

Our directory lists 2 SWIFT/BIC codes for The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch in 2 cities. Next to the head office code BOTKCATXXXX, there are codes for regional offices and specialised units.

Usually there is no need to pick a branch: transfers addressed to BOTKCATXXXX are routed within The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch correctly. Branch codes are only needed when the recipient’s bank explicitly mentions it.

Not sure which code to use? Ask the recipient or the bank itself. Codes can change when banks reorganise, so a code from an old document is not always valid.

When will the money arrive at The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch?

There is no fixed answer for international payments: some arrive the same day or the next. Payments made late in the day or on weekends and holidays usually start the next business day. Sometimes a bank wants to know what the payment is for before releasing it.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Each payment gets a unique reference, the UETR that banks can use to trace it. Specialist transfer services often show tracking in their app so you can see where the money is.

A delayed transfer is traced from the sending side. On the receiving end, you can look at your statements for a slightly lower amount, since fees may have been deducted.

About this information

The codes on this page are taken from publicly available data. It is possible that information here is no longer current. The number of codes we show reflect what is in our directory, not official figures from The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch.

For a payment that matters, always check the code with the recipient’s bank or with the recipient. We are a comparison service for money transfers and not affiliated with The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch. Should you notice something that is out of date, we welcome a short note via the contact page.

Changed bank details? Be careful

Stay alert when someone suddenly wants you to send money to a different account abroad. The fact that BOTKCATX exists does not mean that the account is legitimate – fraudsters use real bank codes as well.

Never rely on a phone number in the same message that announces the new account. Watch out for time pressure, odd spelling or an email address that differs by one letter. When a payment has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Fraud also work the other way: someone sends too much and wants you to refund the extra to a new account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Sending CAD to The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch

The currency of Canada is the Canadian Dollar (CAD). When you pay money in a different currency it gets converted at some point: by your bank, an intermediary or The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch itself. You rarely see a separate charge for that conversion.

Who does the conversion has an effect on the final amount, since every bank sets its own rate. Often you pay less to send CAD directly through a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

Rates for CAD change all the time, and some providers let you lock in a rate. With bigger transfers, a seemingly small gap in the rate adds up quickly.

Incoming international payments to The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch

A sender in another country will ask for a few details about your account, and missing ones are a common cause of delays. That means: your name as registered with The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch, your account number or IBAN, the BIC BOTKCATXXXX and sometimes your postal address.

Some sending banks want the bank’s address in Toronto. A typo in your account number can be more trouble than it looks, so copy the details from your online banking.

An incoming payment does not always land for the full amount. Intermediary banks may deduct a fee, The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch may charge for incoming payments, and when currencies differ, a markup on the rate applies. Agree with the sender who pays which costs, especially for larger amounts.

8 or 11 characters: BOTKCATX versus BOTKCATXXXX

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

XXX at the end of BOTKCATXXXX does not stand for a missing value or a mistake: it indicates the head office of The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch. Some banking apps ask for 11 characters, and then you can add XXX behind BOTKCATX.

Enter the code in one piece, in upper case and without separators, exactly as shown here. A wrong letter may route the money to another bank.

Verifying the SWIFT code of The Bank of Tokyo-Mitsubishi Ufj, LTD., Canada Branch

Have the recipient copy the account details directly from their banking app. Compare that code against BOTKCATX here and ask if anything does not match.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees along the way. A mistake in the account number can be a bigger problem, so check that just as carefully.

A format check in your banking app merely tells you that the IBAN is valid, not that it is the right account. Some banks now compare the payee name against the account before you confirm; take any warning seriously. When you pay someone new, some people start with a small test amount and wait for confirmation.