When considering international money transfers, selecting the right bank and understanding its fee structure are crucial. This article examines the transfer process through CCDQCAMA, the SWIFT/BIC code for Fédération des caisses Desjardins du Québec, a leading financial institution in Canada's Quebec province.
Key Information for Transfers
The SWIFT/BIC code CCDQCAMA identifies Fédération des caisses Desjardins du Québec, located at 100 Rue des Commandeurs, Lévis, Quebec, G6V 7N5, Canada. This code is essential for processing international transfers to and from this institution.
The Transfer Process to France
To illustrate the transfer mechanics, consider sending $10,000.00 from Canada to France through this institution:
- The recipient would receive approximately €8,497.00
- The transfer typically completes within three business days when using direct debit
- The exchange rate applied comes from XE services, which may differ from market rates
The difference between the sent amount and received amount reflects both the exchange rate and any applicable fees. In this example, no additional transfer fees were charged, keeping the total at exactly $10,000.00.
Important Considerations
When planning international transfers through Desjardins or any financial institution, several factors warrant attention:
- Exchange rates may vary from market averages
- Processing times can affect when funds become available
- Fee structures differ between institutions and transfer methods
Understanding these elements helps ensure smooth, cost-effective international money transfers while minimizing unexpected deductions or delays.