Understanding SWIFT BIC Codes for Accurate International Transfers

This article provides detailed information about the TDOMCATTCAL SWIFT/BIC code, emphasizing the importance of verifying the bank name, checking branch information, and confirming the country. It aims to assist readers in ensuring the accuracy and smoothness of international transfers.
Understanding SWIFT BIC Codes for Accurate International Transfers

In today's globalized business environment, international money transfers have become commonplace. However, even minor errors in the transfer process can lead to delays or financial losses. To ensure your funds reach their destination safely and efficiently, understanding and correctly using SWIFT/BIC codes is crucial. This article focuses on the specific SWIFT/BIC code for Toronto-Dominion Bank (TD Bank) in Calgary, Canada: TDOMCATTCAL , along with important considerations when using this code.

Understanding SWIFT/BIC Codes

SWIFT/BIC codes are unique identifiers for financial institutions worldwide, provided by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The code TDOMCATTCAL is essential for international wire transfers to this specific TD Bank branch, ensuring funds are accurately routed to the recipient's account.

Key Verification Steps Before Transfer

Before initiating a transfer using the TDOMCATTCAL code, consider these critical verification steps:

  • Bank Name Confirmation: Carefully verify that the recipient's bank name matches Toronto-Dominion Bank to prevent potential errors.
  • Branch Information: If the recipient uses a specific branch, confirm the correct SWIFT code for that location to ensure proper fund routing.
  • Country Verification: As TD Bank operates in multiple countries, double-check that the SWIFT code corresponds to the correct nation. For this specific code, the bank is located at: HOME OIL TOWER, 1201-324 8TH AVENUE S.W, CALGARY, ALBERTA, T2P 2Z2, Canada.

Ensuring Smooth International Transactions

Proper verification of these details helps prevent confusion or delays in international money transfers. Whether conducting business transactions or personal remittances, accurate use of SWIFT codes remains fundamental to successful cross-border payments.