Royal Bank of Canada SWIFTBIC Code Explained

Published: 08/22/2025
SWIFT code international transfer bank information
This article examines the structure of the SWIFT/BIC code for the Royal Bank of Canada and its significance, providing key considerations to ensure smooth international money transfers. It aims to help users avoid transfer errors and ensure the safety of their funds.
Royal Bank of Canada SWIFTBIC Code Explained

In international financial transactions, the SWIFT/BIC code is a critical element for ensuring secure and efficient fund transfers. Banks use this code to identify each other, minimizing errors and enhancing transaction success rates. When conducting cross-border payments, knowing the correct SWIFT/BIC code of the involved banks is essential. This article provides an in-depth analysis of the SWIFT/BIC code structure for ROYAL BANK OF CANADA, along with key considerations for its use.

Structure of the SWIFT/BIC Code

A SWIFT/BIC code typically consists of 8 to 11 characters, structured as follows:

  • Bank Code (4 letters): Identifies the financial institution.
  • Country Code (2 letters): Indicates the bank's registered country.
  • Location Code (2 characters): Specifies the bank's headquarters or primary office.
  • Branch Code (3 letters, optional): Identifies a specific branch. If the code ends with "XXX," it refers to the bank's primary office.

ROYAL BANK OF CANADA's SWIFT/BIC Code Breakdown

For ROYAL BANK OF CANADA, the SWIFT/BIC code ROYCCAT2VFS can be dissected as follows:

  • Bank Code: "ROYC" (representing ROYAL BANK OF CANADA).
  • Country Code: "CA" (Canada).
  • Location Code: "T2" (indicating the bank's headquarters).
  • Branch Code: "VFS" (identifying a specific branch).

Key Details for ROYAL BANK OF CANADA:

SWIFT Code: ROYCCAT2

Branch Code: VFS

Branch Name: ROYAL BANK OF CANADA

Address: 77 KING STREET WEST

City: TORONTO

Best Practices for Using SWIFT/BIC Codes

To ensure smooth international fund transfers, follow these guidelines:

  • Verify the Bank Name: Confirm that the recipient's bank name matches the institution associated with the SWIFT code.
  • Check the Branch Details: If using a branch-specific SWIFT code, ensure it aligns with the recipient's branch.
  • Confirm the Country Code: Banks may have branches worldwide, so verify that the SWIFT code corresponds to the correct country.

By adhering to these practices, you can minimize delays and financial risks associated with international transactions. Understanding the SWIFT/BIC code for ROYAL BANK OF CANADA not only facilitates seamless global fund transfers but also enhances the security and reliability of your financial operations.

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