When sending money internationally, ensuring funds reach their intended destination safely is every sender's primary concern. This is particularly true when transferring funds to specific banks like Canada's FEDERATION DES CAISSES DESJARDINS DU QUEBEC (commonly known as Desjardins Bank). Understanding the importance of SWIFT codes in this process is crucial.
Identifying the Correct SWIFT Code
Desjardins Bank's SWIFT code is CCDQCAMMIMM . This alphanumeric code serves as a unique identifier for financial institutions and their geographic locations. The complete bank details are as follows:
- Bank Name: FEDERATION DES CAISSES DESJARDINS DU QUEBEC
- City: LEVIS
- Address: 100 RUE DES COMMANDEURS, LEVIS, QUEBEC, G6V 7N5
- Country: CANADA
Why SWIFT Codes Matter
SWIFT codes function as a financial GPS system during international transfers, ensuring funds are routed to the correct institution. Without the proper SWIFT code, money may be sent to the wrong destination, potentially causing significant delays and complications.
Before initiating any transfer, verifying the accuracy of the SWIFT code is essential. When sending money to Desjardins Bank, confirm that CCDQCAMMIMM is specified along with other pertinent details. Different banks and sometimes even different branches within the same bank may have distinct SWIFT codes, making verification critical.
Additional Requirements for Successful Transfers
Beyond the SWIFT code, senders typically need to provide the recipient's full account information, including:
- Account number
- Recipient's full name
- Recipient's address
Some transactions may involve intermediary banks, which could extend processing times and incur additional fees. Inquiring about potential charges beforehand is advisable.
Streamlining International Transfers
Understanding SWIFT codes and the international transfer process makes sending money abroad simpler and more secure. For cross-border transactions especially, accurate information remains the cornerstone of successful fund transfers. To ensure smooth transactions, consulting with your bank to confirm all details before initiating transfers is strongly recommended.