Travelex Canada Limited SWIFT/BIC code

Travelex Canada Limited SWIFT code: TRAVCATT

The short code TRAVCATT and the full code TRAVCATTXXX refer to the same bank: Travelex Canada Limited. Every bank on the SWIFT network uses these codes to direct payments between countries to the right institution. It comes up mainly when dealing with payments that cross a border and payments in foreign currencies.

On this page we explain what the code means, when it matters and what else a transfer to or from Travelex Canada Limited requires. Remember that the BIC only identifies the bank, not the person: the IBAN or account number takes care of that.

International transfers from Travelex Canada Limited: the real cost

The price of a payment abroad has more than one component, and the transfer fee is only the most visible one. On top of a fixed fee, banks in between can deduct a fee, and when the money changes currency the bank often applies a rate below the real market rate.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert at a rate with a margin built in. Compare the rate you are offered against the mid-market rate. The difference is your real conversion cost.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. On GoldexPay you can compare the amount that arrives across providers. Using a transfer service does not require leaving Travelex Canada Limited.

When will the money arrive at Travelex Canada Limited?

An international transfer usually takes anywhere from one to several 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. Extra checks by one of the banks may also cause a delay.

When a payment takes longer than expected, contact your bank about the status; with that reference banks can see where the payment is. Save the payment confirmation.

Only the sending bank can request a trace or a recall; the receiving side usually has nothing to trace yet. On the receiving end, it helps to look at your account for a partial amount.

Protect yourself against fake payment requests

Stay wary when someone unexpectedly wants you to send money to a different account abroad. That TRAVCATT is a real code is no guarantee that a request mentioning it is genuine – fraudsters use real bank codes as well.

Before paying, verify changed bank details by phone, using a number you already had. Watch out for urgent requests, odd spelling or an email address that differs by one letter. Acted too fast? Contact your bank without delay and have them try to recall the payment and report the fraud.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to send back the difference. Wait until the money is actually in your account and check with Travelex Canada Limited if anything seems off.

Where our SWIFT data comes from

The directory on GoldexPay is compiled from public sources and we update it periodically. It is possible that information here is no longer current after a merger or reorganisation. Figures such as the number of codes come from our own dataset and may differ from what Travelex Canada Limited publishes.

Use our data as a reference, rather than as the last word. GoldexPay is not affiliated with Travelex Canada Limited, we only compare transfer services. Found outdated information? Let us know through the contact page so we can correct it.

Paying into Travelex Canada Limited in CAD

The national currency in Canada is the Canadian Dollar (CAD). Money sent in a different currency will be exchanged into CAD, and whoever converts it chooses the rate. Every conversion costs the amount.

Which bank converts the money makes a difference. Compare what CAD arrives via several services before choosing one.

The rate for CAD fluctuates throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, even seemingly small difference in the rate adds up quickly.

Incoming international payments to Travelex Canada Limited

When you are waiting for money from abroad, give the sender a complete set of details. What they need is: your name, IBAN or account number, TRAVCATTXXX and, for some countries, your postal address.

Their bank might also ask for the bank address of Travelex Canada Limited; the head office in Toronto is usually fine. A typo in your account number can be harder to fix than you might think; copy them from your banking app rather than typing.

What lands in your account is often less than the amount sent. Correspondent banks can take a fee, Travelex Canada Limited may charge for incoming payments, and if the money is converted, an exchange rate margin applies. Make clear with the sender who covers the fees before the money is sent.

Travelex Canada Limited: head office code versus branch codes

We have 3 SWIFT/BIC codes for Travelex Canada Limited, spread over 1 locations. Besides the head office code TRAVCATTXXX, there are codes for individual branches and departments.

Unless the recipient tells you otherwise, use TRAVCATTXXX or its short form TRAVCATT. Just use a branch code when your contact explicitly asks for it.

When in doubt, ask the person you are paying which code their bank gave them. Codes are sometimes changed or retired when banks reorganise.

Verifying the SWIFT code of Travelex Canada Limited

Have the recipient copy their bank details straight from their banking app. Check that code against TRAVCATT on this page.

Errors in the SWIFT code tend to be costly rather than disastrous. An error in the account number is a bigger problem.

A format check in your banking app only tells you that the IBAN exists. More and more banks check the name with the account before you confirm. A small test payment is a sensible step for a large first payment.

What the XXX in TRAVCATTXXX means

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, characters five and six give the country and characters seven and eight mark the location. Together, these eight characters make up TRAVCATT.

The full version has a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, which is why TRAVCATTXXX and TRAVCATT lead to the same place.

As a rule the code is written in capitals. A wrong letter may route the money to another bank.