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I need to make a wire transfer from Europe to Canada through the banks.

Europe is using IBAN code system for wire transfer. It has a 26 digit code.
Canada is using SWIFT code system for wire transfer. Probably 15 digit code.

The bank in Europe has one input line for IBAN code. How do I put information of SWIFT code equivalent to IBAN?

The following information for Canadian Banks are:
Swift code : AAAAAAAA (8-digits)
Clearing code: BBCCCCDDDDD (11-digits)
Institution number : CCCC (4-digits)
Transit number: DDDDD (5-digit)
Beneficiary number: EEEEEEE (7-digit)

My guess is that one line code (equivalent to IBAN) will be:
BBCCCCDDDDDEEEEEEE (18 - digit number)
Am I correct?

brhans
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Aschoolar
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1 Answers1

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There's no 1:1 translation from SWIFT to IBAN, these are different systems with different identifiers. Canadian banks do not use IBANs, so you'll need to use the SWIFT attributes to make a wire transfer. Your European bank should provide you a form for that, you may need to call in or go to a physical branch to complete this transaction.

littleadv
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