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CAD – Canadian Dollar

Overview

The payment processing of this currency is considered to be highly standardised.

Currency Guidelines

A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

Payments in CAD toward Canada

Besides the standard information, it is important to note that the IBAN format is not in use in Canada.
The beneficiary’s physical full address is recommended.
The CC code is recommended in order to enable correct routing of payments in the domestic clearing. The CC code is a nine digit code which identifies the direct payment routing number (the first four digits) and the branch transit number (the last five digits).

Example of a CC code: 000306962

In certain cases, the CC code could be included within the domestic account number. Please ask to your beneficiary to indicate separately the CC code and the domestic account number.

Payments in CAD outside Canada

Standard information

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES
Additional information

• Available charge option: OUR/SHA/BEN

• Central bank of Canada:www.bankofcanada.ca/

• Canadian Payment Association:
www.cdnpay.ca/imis15/eng/Publications/business_guides/eng/business/payment_guides/stp_guidelines_wire_payments.aspx

• More payment information:
www.cdnpay.ca/imis15/pdf/pdfs_publications/business_guide_lvts_stp.pdf