In today's globalized financial landscape, securely and efficiently conducting cross-border money transfers has become a critical concern. One key aspect of international transactions is ensuring funds reach the correct destination bank without delays or errors. For those sending money to Toronto-Dominion Bank (TD Bank) in Calgary, Canada, using the accurate SWIFT/BIC code is essential.
The Importance of SWIFT Codes in International Transfers
SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes serve as unique identifiers for financial institutions worldwide. These codes play a vital role in facilitating secure and accurate international money transfers. The correct SWIFT code ensures that funds are routed to the intended bank branch without complications.
For Toronto-Dominion Bank's branch in Calgary, the specific SWIFT code is TDOMCATTCAL . This code corresponds to the bank's location at:
- Address: Home Oil Tower, 1201-324 8th Avenue S.W.
- City: Calgary, Alberta
- Postal Code: T2P 2Z2
- Country: Canada
Why Accuracy Matters
Using the correct SWIFT code offers several advantages:
- Faster Processing: Accurate codes eliminate the need for manual intervention, speeding up transaction times.
- Reduced Errors: Proper identification minimizes the risk of funds being sent to incorrect accounts.
- Cost Efficiency: Avoiding correction fees or retrieval charges associated with misdirected transfers.
Financial experts recommend verifying SWIFT codes directly with the recipient bank before initiating any international transfer. While online databases provide reference information, banks occasionally update their codes, making direct confirmation the most reliable method.
Practical Considerations for International Transfers
When preparing to send money to Toronto-Dominion Bank in Calgary, consider these additional factors:
- Confirm whether intermediary banks are involved in the transaction
- Be aware of currency conversion rates and fees
- Understand any limits on transfer amounts
- Keep records of all transaction details for reference
By paying attention to these details and using the correct SWIFT code (TDOMCATTCAL), individuals and businesses can ensure smooth, secure international money transfers to Toronto-Dominion Bank's Calgary branch.