Cathay Securities Corporation SWIFT/BIC code

CTSCTWT1 – the SWIFT/BIC code of Cathay Securities Corporation

The short code CTSCTWT1 and the 11-character code CTSCTWT1XXX refer to the same bank: Cathay Securities Corporation. The code does one job: it ensures that a cross-border transfer reaches the right bank. It comes up mainly for transfers between countries and payments in foreign currencies.

On this page you will find how the code means, when it matters and what else a transfer to or from Cathay Securities Corporation requires. The BIC names an institution, never a specific account; the IBAN or account number does that.

A note on our data

We collect SWIFT/BIC codes using public sources and update them from time to time. It can happen that a code on this page is out of date. Counts and locations come from our directory and may differ from what Cathay Securities Corporation publishes.

See the information on this page as a handy check, and let the details from the recipient or Cathay Securities Corporation have the final say. We are an independent comparison service and not affiliated with Cathay Securities Corporation. Found outdated information? Let us know via our contact form.

Head office or branch code at Cathay Securities Corporation?

Having 2 codes in 1 locations, Cathay Securities Corporation belongs to the banks that register separate codes for branches and departments. The main code remains CTSCTWT1XXX.

In most cases you do not need to look up a branch: transfers sent to CTSCTWT1XXX reach Cathay Securities Corporation correctly. Just use a branch code when your contact explicitly asks for it, for example on a letter or invoice.

The safest route is to take the code directly from the account holder’s invoice. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Is CTSCTWT1 still correct? How to check

Have the recipient copy the account details straight from their online banking. Compare that code with CTSCTWT1 here; if they differ, ask before you pay.

An incorrect BIC can cause delays, a payment being sent back or extra fees for investigation. An error in the IBAN or account number can be more serious because it can reach the wrong person.

A validity check by your bank merely confirms that the IBAN exists, not that it is the right account. Some banks now compare the payee name with the account; take any warning seriously. Sending a small amount first can be a sensible step for large sums.

Changed bank details? Be careful

One of the most common tricks goes like this: you receive a request claiming that a contact now has a new bank account. That CTSCTWT1 is a real code is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Check new bank details via a different channel like a call to a number from an earlier contract, not by replying to the message. Urgency and requests to keep it quiet are red flags. Already paid? Call the bank you paid from without delay and have them start a recall and report the fraud.

People receiving money are targeted too: one known trick is a buyer who pays too much and then sends a request to refund the difference to another account. A payment confirmation from the sender proves nothing.

Sending money abroad from Cathay Securities Corporation

What you pay for an international transfer is made up of several parts – not just the fee on your screen. Besides a fixed fee, banks in between may deduct a fee, and if currencies are converted the bank usually uses a rate below the real market rate.

The markup on the rate tends to be the largest item even though it is not listed as a fee. Check their rate against the mid-market rate; the gap is what conversion costs you.

Specialist money transfer services frequently offer rates closer to the mid-market rate and lower fees. Before your next transfer, it is worth comparing what arrives on GoldexPay instead of going straight to your bank. Using a transfer service does not require leaving Cathay Securities Corporation: you simply pay the service from your account.

Receiving money from abroad at Cathay Securities Corporation

A sender in another country will ask for several details about your account, and missing ones are a common cause of delays. The basics are: the account holder’s name, account number or IBAN, CTSCTWT1XXX or CTSCTWT1 and often your postal address.

It helps to include the bank name and its city too. A mistake in your account number is more trouble than you might think; copy them from your banking app rather than typing.

The amount you receive can be less than the amount sent. Correspondent banks can take a fee, Cathay Securities Corporation may charge for incoming payments, and if the currency changes, a markup on the rate comes on top. On invoices, it is common to agree how the fees are split to avoid a shortfall.

CTSCTWT1 or CTSCTWT1XXX – which one to use?

The structure of every SWIFT code is always the same: a bank code of four letters, a two-letter country code and a two-character location code, sometimes followed by a branch code. In this case, the 8-character core is CTSCTWT1.

The long version has three more characters that identify a branch or department. When those three characters are XXX, they simply mean the head office, so CTSCTWT1XXX and CTSCTWT1 are interchangeable.

Type the code in one piece, in capitals and without spaces. Pasting the code beats typing it by hand.

When will the money arrive at Cathay Securities Corporation?

A SWIFT payment usually needs one to a few business days – it depends on currency, route and the banks in between. Payments made after the cut-off time or just before a weekend or public holiday usually start a business day later. Occasionally a bank asks about the purpose of a payment, which can hold things up.

If a transfer is late, ask your bank for the status and the transaction reference. Specialist transfer services often show a status in their app showing where the payment is.

If the money does not arrive after a few business days, the sender should start with the bank that sent it rather than Cathay Securities Corporation. Ask the sender for a copy of the payment confirmation including the reference.