What is a SWIFT code?
A SWIFT code is a standard format of a Business Identifier Code (BIC).
It uniquely identifies banks worldwide and is used for international money transfers.
You can usually find it on your online banking portal or bank statement.
If you're unsure, please contact your bank for assistance.
Example SWIFT code (Canadian bank)
The standard format is 8 or 11 characters: ROYCCAT2XXX
Breakdown:
ROYC – Bank code (Royal Bank of Canada)
CA – Country code (Canada)
T2 – Location code
XXX – Branch code (optional)
Important: This information is required when withdrawing funds via Telegraphic Transfer.
Tip: Always double-check your SWIFT code with your bank to avoid delays.
What is a BIC?
BIC stands for Bank Identifier Code. It is another name for a SWIFT code and is used for exactly the same purpose — identifying banks for international money transfers.
You may see it referred to as SWIFT, BIC, or SWIFT/BIC depending on your bank.
You can usually find it on your online banking portal or bank statement.
If you're unsure, please contact your bank for assistance.
Important: You will need your BIC/SWIFT code when withdrawing funds via Telegraphic Transfer.
What bank details do I need for a withdrawal?
Withdrawals via Telegraphic Transfer require the following details:
Institution Number: a 3 digit code identifying your bank.
Transit Number: a 5 digit code identifying your branch.
Account Number: your personal account number, usually 7 to 12 digits.
SWIFT/BIC code: required for the international leg of the transfer (see above).
These details are usually found on your online banking portal or a cheque or bank statement.
What is a CVV number?
The CVV number adds an extra layer of security when making deposits with your card.
The CVV number is the last 3 digits on the signature panel on the back of your card.
You’ll need to enter this number whenever you make a deposit into your account.
Why do I need to enter it every time?
Your card number is saved when you make a deposit, but the CVV number must be entered manually each time for added security.
This helps protect your account from unauthorised transactions.
Other names for CVV
The CSC number can also be referred to as:
CSC
CVN
CV2
CVV2
Important: Never share your CVV number with anyone.
Tip: If you can’t find the CVV, check the back of your card near the signature strip.