When sending money internationally, selecting the correct SWIFT code is crucial. This ensures your funds reach the intended bank accurately and helps avoid potential delays or errors. Understanding the SWIFT code of your recipient's bank significantly enhances the efficiency of your transfer.
Among financial institutions, the Royal Bank of Canada (formerly HSBC Bank Canada) stands out for its reliable reputation and exceptional service. If you need to transfer funds to this bank, the correct SWIFT code is HKBCCATTXXX .
Details of the SWIFT Code
The breakdown of the code HKBCCATTXXX is as follows:
- Bank Name: Royal Bank of Canada (Formerly HSBC Bank Canada)
- City: Vancouver
- Address: 300-885 West Georgia Street, Vancouver, British Columbia, V6C 3E9
- Country: Canada
Each segment of the SWIFT code serves a specific purpose:
- The first four characters ( HKBCC ) represent the bank code.
- The next two characters ( AT ) indicate the country (Canada).
- The following two characters ( T ) denote the location or branch type.
- The final three characters ( XXX ) specify the branch (if applicable).
This standardized format facilitates seamless global transactions between banks.
Ensuring a Smooth Transfer
To prevent errors, always verify the accuracy of the SWIFT code before initiating a transfer. Financial institutions periodically update their codes, so staying informed helps mitigate risks associated with outdated information.
Whether for personal or business transactions, using the correct SWIFT code saves time and strengthens your relationship with the bank. Accuracy remains the cornerstone of successful international transfers.
In today's fast-paced financial landscape, mastering these fundamental details ensures confidence when interacting with global banking systems. While seemingly minor, these details play a pivotal role in the success of your transactions.