RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman) SWIFT/BIC code

ROYCKYKY – the SWIFT/BIC code of RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman)

The 8-character code ROYCKYKY and the full code ROYCKYKYXXX identify one and the same institution: RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman) in Georgetown, Cayman Islands. A SWIFT code shows every bank in the chain which institution is meant to get the money. In daily life you usually see it on invoices from abroad, in your banking app and in the bank details that RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman) provides.

On this page you will find how the code means, when it matters and what else a transfer to or from RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman) requires. Keep in mind that the SWIFT code just identifies the bank, not the person: the account number or IBAN takes care of that.

Choosing between the 2 SWIFT codes of RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman)

RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman) uses 2 different SWIFT/BIC codes across 1 locations. One of them is the head office code, ROYCKYKYXXX; the others belong to branches.

For most payments to a private or business account, the head office code ROYCKYKYXXX is the right choice. When you receive a branch code, use it as it is rather than replacing it with the head office code.

The safest route is to take the code directly from the account holder’s invoice. Branch codes can change when banks reorganise.

Changed bank details? Be careful

Fraudsters regularly send fake invoices with changed bank details, sometimes in an email that looks completely genuine. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Verify new payment details via a different channel. Pressure and requests to keep it quiet are warning signs; a genuine business can wait for you to check. Already paid? Call the bank you paid from straight away and ask them to try to recall the payment and report the fraud.

People receiving money can be targeted as well: one known trick is a buyer who pays too much followed by a request to refund the difference to another account. A screenshot of a transfer is no proof.

Verifying the SWIFT code of RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman)

Ask the recipient to copy the account details directly from their online banking. When the code you were given does not match ROYCKYKY or ROYCKYKYXXX, do not guess.

An incorrect BIC can cause a delay, a payment being sent back or extra fees. Do not forget the IBAN: a mistake there is more difficult to undo than a wrong BIC.

Most online banking apps validate the structure of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check before sending gives an extra layer of safety. For a first payment, many people send a small test amount.

What to give a sender who pays you at RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman)

For an international payment into your account at RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman), the sender needs more than the BIC. The basics are: the account holder’s name, account number or IBAN, ROYCKYKYXXX or ROYCKYKY and in many cases your home address.

Some sending banks want the name and address of RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman) in Georgetown, so keep it at hand. A mistake in the IBAN can be harder to fix than you might think, so copy the details from your online banking.

Expect that the amount credited is below what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. For business payments, it is common to agree how the fees are split.

International transfers from RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman): the real cost

If you send money to another country through RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman), the visible fee is rarely all of what you pay. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, above all, the exchange rate markup if the currency changes.

Many banks do not list their exchange rate markup as a cost, but you pay it all the same. An easy check: put the rate you get against the mid-market rate and work out the difference on your amount.

For many routes, a transfer service is cheaper than a traditional bank transfer. On GoldexPay we compare the amount that arrives across services, which makes the cheapest option easy to spot. Using a transfer service does not require closing your account at RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman) – you pay the provider from your own account.

When will the money arrive at RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman)?

A SWIFT payment usually 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 just before weekends and holidays usually start a business day later. Occasionally a bank wants to know what the payment is for, which can hold things up.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR. Keep your transfer receipt until the money has arrived – you will need it for any trace request.

If the money does not arrive within the expected time, the sender needs to contact the bank that sent it. On the receiving end, it helps to look at your account for a slightly lower amount because fees can reduce the amount.

What the XXX in ROYCKYKYXXX means

A SWIFT code is built from fixed blocks: the first four letters stand for the bank, characters five and six show the country and characters seven and eight mark the location. Together, those parts make up ROYCKYKY, the code most people search for.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office.

As a rule the code is typed in capitals. Look out for the letter O and the digit 0 or I versus 1; they are easy to mix up.

About this information

The codes on this page are taken from publicly available data that we update regularly. Still, banks merge or retire codes, so information can be out of date. The number of codes we show are based on what is in our directory, not official figures from RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman).

For a payment that matters, confirm the BIC with RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman) or the recipient. GoldexPay is not affiliated with RBC Royal Bank (Cayman) Limited (Formerly Known AS Royal Bank of Canada Grand Cayman), we only compare transfer services. If you notice something that is out of date, we appreciate a short note.