You'll need to use one when sending money internationally. Remember to use IBAN if you are making transfers to countries in these regions. if the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message. You'll need to use one when sending money internationally. NOSCCATTCT2 - SWIFT Code (BIC) - THE BANK OF NOVA SCOTIA in TORONTO - CANADA. They consist of eight or eleven characters. 44 KING STREET WEST, SCOTIA BANK PLAZA, It depends on the country you're sending money to. if the second character is "1", then it denotes a passive participant in the SWIFT network. money! This bic / swift code directory provides businesses and individuals with an easy way to verify bank details and avoid international money transfer mistakes. If you think you've used the wrong SWIFT code to send money, you should get in contact with your bank right away. Europe, Middle East and Caribbean countries have adopted the use of International Bank Account Number (IBAN) for international funds transfers. It's the same in New Zealand too. Swift Code NOSCCATT is the unique bank identifier for THE BANK OF NOVA SCOTIA's head office branch located in TORONTO - CANADA and it's used to verify financial transactions such as a bank wire transfers (international wire transfers). SWIFT Standards, a division of The Society for Worldwide Interbank Financial Telecommunication (SWIFT), handles the registration of these codes. The SWIFT network does not require a specific format for the transaction so the identification of accounts and transaction types is left to agreements of the transaction partners. Remember to use IBAN if you are making transfers to countries in these regions. Business Identifier Codes (BIC codes) for thousands of banks and financial institutions in more than 210 countries. When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI. We've partnered with other providers who believe in fairness and transparency. TransferWise has not carried out any enquiries on the legal standing of any of the banks and financial institutions listed. When you can't find the code for your specific branch, you can use the bank’s primary office swift. A SWIFT code is a set of 8 or 11 digits that represents a bank branch. Read our reviews at Trustpilot.com. Section 3 (7th and 8th characters “CC”): These characters represent a location code (e.g. THE BANK OF NOVA SCOTIA SWIFT Code Details A SWIFT/BIC is an 8-11 character code that identifies your country, city, bank, and branch. The codes can sometimes be found on account statements. More on IBAN numbers. More on IBAN numbers. Being able to check information about the code will provide you with the proper information necessary to make or receive payments. © Bank Codes - Swift Codes - 2020 | About Us | Contact | Privacy Policy. A SWIFT code — sometimes also called a SWIFT number — is a standard format for Business Identifier Codes (BIC). It's the same in New Zealand too. Find your SWIFT code here. It's a clearinghouse database system, which facilitates the transfer of funds from both individual consumers and institutions quickly and accurately. IBANs don’t replace sort codes or account numbers. Send at the real exchange rate, and spend with a TransferWise debit Mastercard®. Get a free multi-currency account to hold and manage your money in multiple currencies, and convert it when the rate is right. A SWIFT code is a set of 8 or 11 digits that uniquely identify a bank branch. TransferWise has not carried out any enquiries on the legal standing of any of the banks and financial institutions listed. Click here if you are looking for IFSC codes, Sending money via your bank can be expensive because of markups they add to the exchange rate. You’ll need to use one when sending money internationally. BANK OF NOVA SCOTIA in LONDON. 5/5 star rating and more than 100.000 reviews on TrustPilot. Swift and BIC Code for BANK OF NOVA SCOTIA VANCOUVER in Canada. We’re on a mission to bring transparency to finance, for people without borders. if the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network. It says who and where they are — a sort of international bank code or ID. We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255: "Guides Concerning the Use of Endorsements and Testimonials in Advertising" and also in accordance to amazon associates programme operating agreement. If it is equal to “1”, then it denotes a passive participant in the SWIFT network. If you’re not sure about any of the swift code details you’re using, get in touch with the bank or financial institution in question. However, Bank of Nova Scotia (Scotiabank) uses different SWIFT/BIC codes for the different types of banking services it offers. The SWIFT code / BIC code is made up of 8 or 11 characters, broken down as follows: Where an 8-digit code is given, it may be assumed that it refers to the primary office. But we don’t have comparison data for transparency or speed at the moment. And honestly, we’re not the cheapest this time. Serves 60+ currencies, 80+ countries, and over 8 million customers. It is a unique identification code for both financial and non-financial institutions. The TARGET-directory lists all the BICs of the banks that are attached to the TARGET2-network being a subset of the SWIFT-directory of BICs. This bic / swift code directory provides businesses and individuals with an easy way to verify bank details and avoid international money transfer mistakes. A SWIFT code — sometimes also called a SWIFT number — is a standard format for Business Identifier Codes (BIC). Because SWIFT originally introduced what was later standardized as Business Identifier Codes (BICs), they are still often called SWIFT addresses or codes. These codes are used when transferring money between banks, for international wire transfers or SEPA payments. Whenever an eight-character code is used, then it is referring to the headquarters (main office) of the institution.Here is how an 11-character code is broken down and what each section of characters represents. Section 2 (5th and 6th characters “BB”): This two-letter code represents the country of this particular institution’s branch and follows the ISO 3166-1 alpha-2 standard for representing country codes.