In today's globalized financial landscape, the accuracy and security of international money transfers have become paramount. One crucial element in ensuring successful cross-border transactions is the correct use of SWIFT/BIC codes, particularly when transferring funds to financial institutions like Fédération des caisses Desjardins du Québec in Canada.
The SWIFT/BIC code CCDQCAMMXXX uniquely identifies this financial institution located at 100 Rue des Commandeurs, Lévis, Québec G6V 7N5, Canada. This alphanumeric code serves as an international banking identifier, essential for directing funds to the correct destination during wire transfers.
When initiating an international transfer through this institution—for example, sending $10,000 USD from the United States—the recipient would typically receive approximately 8,496 EUR after conversion. The SWIFT system automatically calculates and displays all associated transaction fees before final confirmation, providing complete transparency about the transfer details.
While such international transfers often complete within the same business day, potential delays can occur if incorrect banking information is provided. Verifying the accuracy of the SWIFT code against the recipient's bank details remains the sender's responsibility to ensure timely delivery of funds.
Financial professionals emphasize that additional factors including intermediary bank fees and exchange rate fluctuations may affect the final amount received. Understanding the SWIFT system and international transfer processes enables individuals and businesses to make informed decisions about their cross-border financial transactions.