In today's globalized financial landscape, international money transfers have become an essential service for both individuals and businesses. For those considering using Toronto-Dominion Bank (TD Bank) for international transactions, understanding the bank's SWIFT/BIC code and related information is crucial.
Toronto-Dominion Bank, commonly known as TD Bank, uses the SWIFT/BIC code TDOMCATTVAN . This identifier plays a vital role in ensuring secure and efficient international money transfers.
Key Bank Information
- Bank Name: The Toronto-Dominion Bank
- SWIFT/BIC Code: TDOMCATTVAN
- Address: 200 Georgia Street West, Suite 480, Vancouver, British Columbia V7Y 1A2, Canada
TD Bank demonstrates strong performance in international transfers. For example, when sending $10,000 USD to France, the recipient would receive approximately €8,493 after accounting for currency conversion and bank fees. These factors should be carefully considered to understand the actual amount the recipient will obtain.
Decoding the SWIFT/BIC Structure
The SWIFT code TDOMCATTVAN can be broken down as follows:
- TDOM: Bank code representing Toronto-Dominion Bank
- CA: Country code for Canada
- TT: Code type indicating a financial institution
- VAN: Branch code for the Vancouver location
When using this SWIFT code for international transfers, accuracy is paramount. Always double-check recipient account details and verify the SWIFT/BIC code before initiating any transaction to prevent delays or errors.
Conclusion
Successful international money transfers require precise information and clear procedures. Utilizing Toronto-Dominion Bank's correct SWIFT/BIC code significantly streamlines the transfer process while ensuring funds reach their destination securely. Whether for personal remittances or business transactions, understanding SWIFT codes contributes to more effective financial management.