CAD (Canadian Dollar)
A Bank Identification Code (BIC) or a Bank Clearing Code (BCC) is required for a payment to a bank in Canada, depending on the currency:
To make a payment in CAD to a bank in Canada, a Bank Clearing Code (BCC) is required. A Bank Clearing Code (BCC), also known as the national bank code Canadian Sort Code (CC), consists of 9 characters.
To make a payment in a different currency to a bank in Canada, a Bank Identification Code (BIC) is required. This is also known as a SWIFT address.
Canada has no IBAN and no standard account structure. When CAD is transferred to a beneficiary with an account with the Royal Bank of Canada or the Bank of Nova Scotia, the account number must contain 12 characters. Don't use spaces, dashes, commas, or slashes (/) in the number.
These international transfers are subject to private transfer fees and business transfer fees . If you choose for the OUR option, the beneficiary will not be charged anything by their bank. ABN AMRO Bank charges an OUR fee for this.
Do you want to know when the money will be in the beneficiary's account? Then check what the processing times for payments are. And for more details per currency type, check out this overview .
