When sending international wire transfers, locating the correct SWIFT code for the recipient’s bank can be a challenge. Ensuring the accuracy of this code is critical for timely and secure fund transfers across borders. This article provides detailed information about the SWIFT code for Royal Bank of Canada (RBC) to facilitate smooth international transactions.
Royal Bank of Canada, one of the largest financial institutions in the country, offers a wide range of domestic and international banking services. To initiate a wire transfer through the global banking network, the sender must provide RBC’s SWIFT code: ROYCAT2ECL .
Key details include:
- Bank Name: Royal Bank of Canada
- SWIFT Code: ROYCAT2ECL
- City: Toronto
- Address: 180 Wellington Street West, Toronto, Ontario, M5J 1J1
- Country: Canada
Using the correct SWIFT code is essential to prevent delays or misrouting of funds. Before initiating any transaction with RBC, double-check the code to ensure accuracy. Most banks list their SWIFT codes on official websites, or customers may verify the details by contacting customer support.
SWIFT codes are unique identifiers consisting of 8 to 11 characters. The first eight characters represent the bank, while the optional last three digits may specify a particular branch. Omitting or entering an incorrect SWIFT code can result in failed transactions.
Beyond the SWIFT code, factors such as transfer fees, exchange rates, and transaction limits should also be considered when sending money internationally. Understanding these details helps ensure a seamless transfer process.