UBS Bank (Canada) SWIFT/BIC code

SWIFT/BIC code of UBS Bank (Canada)

The short code UBSWCATT and the full code UBSWCATTXXX refer to the same bank: UBS Bank (Canada) in Toronto, Canada. Every bank on the SWIFT network uses BIC codes to route payments between countries to the correct institution. In daily life you usually see the code on international invoices, in your banking app and in the bank details of UBS Bank (Canada) customers.

Further down we go through the practical questions: money coming in from abroad, paying someone in another country and how to check the code before you confirm a payment. The SWIFT code on its own does not identify an individual account holder; for that you need the account number or IBAN is for.

Sending money abroad from UBS Bank (Canada)

The price of an international transfer has more than one component, and the transfer fee is only the most visible one. Besides the transfer fee, banks in between can take a cut, and if the money changes currency, the bank often uses a rate that is less favourable than the actual market rate.

The real cost is often in the rate, not in the fee: the bank converts at a rate that includes a margin. Check the rate you are offered against the mid-market rate; the gap is what conversion costs you.

Specialised transfer providers frequently offer rates closer to the mid-market rate. On GoldexPay you can compare the amount that arrives across providers, which makes the cheapest option easy to spot. Using a transfer service does not mean closing your account at UBS Bank (Canada).

Watch out for payment fraud

Fraudsters regularly use fake invoices with new bank details. That UBSWCATT is a real code does not mean that the account is genuine.

Verify new payment details via a different channel, not by replying to the message. Urgency or secrecy tend to be warning signs; a genuine business can wait for you to check. If money was sent to a fraudster, contact your bank immediately.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference abroad. A screenshot of a transfer proves nothing.

When will the money arrive at UBS Bank (Canada)?

A SWIFT payment typically needs one to a few business days, depending on the currency, the route and the banks involved. Transfers sent after the cut-off time or on weekends and holidays often start a business day later. Compliance checks by one of the banks may also cause some delay, regardless of the details.

If a transfer is delayed, ask the sending bank for the status and the transaction reference; with that reference banks can see where the payment is. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

The bank that sent the money can start an official trace; the receiving side usually has nothing to trace yet. As a recipient, you can check your account for a slightly lower amount because fees can reduce the amount.

Incoming international payments to UBS Bank (Canada)

Someone abroad who wants to pay you needs a few details about your account. The basics are: your name, IBAN or account number, UBSWCATTXXX or UBSWCATT and, for some countries, your home address.

You can include the bank name and Toronto as well, since some forms ask for it. A typo in the IBAN can be more trouble than it looks; copy them from your banking app rather than typing.

Expect that the incoming amount is below what the sender paid. Correspondent banks can take a fee, and if the currency changes, an exchange rate margin applies. On invoices, it is common to agree how the fees are split, so that nobody is left short.

Is UBSWCATT still correct? How to check

Ask the recipient to copy the account details straight from their online banking. If the code you have does not match UBSWCATT or UBSWCATTXXX, stop and ask.

If the code is wrong, the payment may be delayed, be returned or end up costing more. Do not forget the account number: an error there is more difficult to correct than a wrong BIC.

An automatic check in your banking app merely tells you that the IBAN exists, not that it is the right account. Some banks now check the payee name against the account. When you pay someone new, some people send a small test amount.

Head office or branch code at UBS Bank (Canada)?

UBS Bank (Canada) uses 3 different SWIFT/BIC codes. Only one is the head office code; the others belong to branches or departments, and sometimes internal departments.

In most cases there is no need to look up a branch: payments sent to UBSWCATTXXX reach UBS Bank (Canada) correctly. Only use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

The safest route is to copy the code straight from the account holder’s invoice. Branch codes are more likely to change than UBSWCATTXXX when a bank merges or closes offices.

A note on our data

This directory is based on public sources and is updated regularly. Even so, banks merge, rename themselves or retire codes and our data may lag behind. Counts and locations come from our own dataset and are not confirmed by UBS Bank (Canada).

Treat this page as a reference, rather than as the last word – the bank details from the recipient are leading. We are a comparison site for money transfers and not part of UBS Bank (Canada). Spotted outdated information? Tell us via our contact form and we will look into it.

Canadian Dollar (CAD) and conversion costs

Accounts at UBS Bank (Canada) are typically held in CAD, the national currency of Canada. If you send money in a different currency, the amount gets converted at some point. There is rarely a separate charge for that conversion – the cost sits in the rate.

Where the conversion happens has an effect on how much arrives. Often it is cheaper if you send CAD straight away through a transfer service with a good rate, so that the receiving bank does not need to convert again.

Exchange rates change during the day, and some providers let you lock in a rate. With bigger transfers, even small difference in the rate can be worth more than the fee.

8 or 11 characters: UBSWCATT versus UBSWCATTXXX

A SWIFT code is made up of fixed blocks: the first four letters stand for the bank, the next two show the country and the two after that indicate the location. Together, those parts form UBSWCATT, the code most people search for.

Most banks and apps accept either length. If yours requires eleven characters, enter UBSWCATTXXX, otherwise UBSWCATT is fine.

Do not add spaces, dots when you type UBSWCATT or UBSWCATTXXX. Pasting the code beats typing it by hand, because one wrong letter changes the bank.