Grand Cathay Securities Corporation SWIFT/BIC code

SWIFT/BIC code of Grand Cathay Securities Corporation

The short code GRCATWT1 and the full code GRCATWT1XXX refer to one and the same institution: Grand Cathay Securities Corporation in Taipei, Taiwan. The code does one job: it ensures that an international payment reaches the right bank. It comes up mainly for transfers between countries and payments in foreign currencies.

On this page you can read how the code is put together, when you need it and which other details a transfer to or from Grand Cathay Securities Corporation requires. The SWIFT code alone cannot identify an individual account holder; that is what the account number or IBAN is for.

How to check GRCATWT1 before you pay

The best place to find the right code is a document from the bank itself. Check that code against GRCATWT1 on this page and ask if anything does not match.

With a wrong code, the payment may be delayed, be returned or cost extra – sometimes after weeks of searching. Remember the IBAN: a mistake there can be harder to undo than a wrong BIC.

A validity check by your bank merely tells you that the IBAN is valid, not that it is the right account. Some banks now compare the name against the account; take any warning seriously. Sending a small amount first is a sensible step for large sums.

Sending money abroad from Grand Cathay Securities Corporation

What you pay for a payment abroad is made up of more than one component, and the transfer fee is only the most visible one. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup if the currency changes.

That exchange rate margin tends to be the largest cost, and it is easy to miss. Compare the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Money transfer services frequently offer a rate near the mid-market rate and lower fees. GoldexPay lists these services side by side, showing what actually arrives before you commit. You can always use your account at Grand Cathay Securities Corporation as the source of the money.

Head office or branch code at Grand Cathay Securities Corporation?

Having 2 codes in 1 locations, Grand Cathay Securities Corporation belongs to the banks that use separate codes for branches and departments. The main code is GRCATWT1XXX.

Unless the recipient tells you otherwise, go with GRCATWT1XXX or its short form GRCATWT1. Only use a branch code when the recipient gives you that exact code.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

Protect yourself against fake payment requests

Criminals often send payment requests with new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Do not rely on contact details in the same message that contains the new account. Urgency or requests to keep it quiet tend to be red flags – a real supplier can wait a day. If money was sent to the wrong account, call your bank right away.

Scams can also work the other way: someone claims to have sent too much and asks you to refund the extra to a new account. Wait until the money has really arrived – ask Grand Cathay Securities Corporation if something looks wrong.

How up to date is this code?

The codes here are taken from publicly available data. It can happen that information on this page is out of date after a merger or reorganisation. The number of codes on this page reflect what is in our directory and not on information from Grand Cathay Securities Corporation itself.

Treat our directory here as a helpful check, and let the details from the recipient or Grand Cathay Securities Corporation have the final say. GoldexPay has no connection to Grand Cathay Securities Corporation; we are a comparison site for money transfers. Should you notice a mistake, we welcome a short note.

What the XXX in GRCATWT1XXX means

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. Combined, these eight characters form GRCATWT1 – the version you usually see online.

Most banks and apps accept both lengths. If yours asks for eleven characters, enter GRCATWT1XXX.

Leave out spaces or dashes when you type GRCATWT1. Watch for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

Receiving money from abroad at Grand Cathay Securities Corporation

Someone abroad who wants to pay you will ask for a few details from you, and missing ones are a common cause of delays. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the BIC GRCATWT1XXX (or GRCATWT1) and, often, your postal address.

Some sending banks also ask for the name and address of Grand Cathay Securities Corporation in Taipei, so keep it at hand. A typo in your account number is harder to fix than you might think, so copy the details from your online banking.

An incoming payment does not always arrive for the full amount. Fees for incoming transfers differ per bank – the price list of Grand Cathay Securities Corporation tells you what applies. For business payments, it is common to state how the fees are split to avoid a shortfall.

Tracking a transfer to or from Grand Cathay Securities Corporation

There is no single delivery time for every transfer: some land within a day, others take several business days. Weekends and public holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Occasionally a bank wants to know what the payment is for, which can hold things up.

If a transfer is late, contact your bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Save the payment confirmation until the money has arrived.

A delayed transfer has to be investigated from the sending side on the basis of the transfer details. As a recipient, it helps to check your account for a slightly lower amount, since fees may have been deducted.