In global financial transactions, securing the safe and accurate delivery of funds is paramount. For cross-border payments, SWIFT codes serve as the critical identifier to route money to the correct destination. For clients, verifying the SWIFT code of the involved bank is the first step in initiating international transfers.
The Royal Bank of Canada (RBC) , one of North America’s largest financial institutions, offers robust international wire transfer services. Its SWIFT/BIC code, ROYCCAT2 , must be used when sending funds to ensure they are deposited precisely into RBC’s accounts in Montreal. Omitting or misstating this code risks delays or failed transactions.
RBC’s headquarters are located at 1 Place Ville-Marie, Montreal, Quebec H3B 4A7 , in the city’s central business district. This strategic location facilitates streamlined cross-border operations, enabling efficient processing of global client transactions.
When initiating a SWIFT transfer, clients must confirm all accompanying details are accurate, including the recipient’s full name, account number, and transfer amount. Errors in these fields may result in funds being misdirected. Transfers via the SWIFT network typically settle within 1 to 5 business days , though processing times vary depending on the recipient’s country and bank policies.
For international wire transfers to RBC, using the correct SWIFT code ROYCCAT2 remains the essential step to guarantee both security and timely delivery of funds.