ROYAL BANK OF CANADA Swift Code, Address

What is a SWIFT Code / BIC code?

Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes. SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.

SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:

• First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of ROYAL BANK OF CANADA the first four characters from left ROYC indicates that it is ROYAL BANK OF CANADA.
• Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of ROYAL BANK OF CANADA characters 5 and 6 from left AG indicates that bank is in ANTIGUA AND BARBUDA. It means that all the banks located in ANTIGUA AND BARBUDA will have AG at 5th and 6th place from left in their Swift Codes / BIC Codes.
• Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of ROYAL BANK OF CANADA characters 7 and 8 from left AG indicates that bank is in ST. JOHN S. It means that all the branches of ROYAL BANK OF CANADA located in ST. JOHN S will have AG at 7th and 8th place from left in their Swift Codes / BIC Codes.
• Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank. In the case of ROYAL BANK OF CANADA the length of SWIFT Code is 8 Characters, means ROYAL BANK OF CANADA. Head Office of the Financial Institution.
• Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.