The recipient’s SWIFT Business Identifier Code (BIC), if availableĦ. The recipient’s complete bank name, address.ĥ. The recipient’s complete name and address.Ĥ. Your transit number and account number (including all zeros).ģ. To send international wire transfer from your Bank of Montreal account, You need to know the following information about the person or company receiving the money:Ģ. Outgoing International Wire Transfer Instructions We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees. Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees. dollars, you may need to provide the following additional information from Bank of Montreal‘s U.S Correspondent Bank: Correspondent Bank Name: Your five-digit transit number (including all zeros) To receive international wire transfer in your Bank of Montreal account, please provide the following wire instructions to the sending financial institution: Bank Name:įor Bank of Montreal, this code is BOFMCAM2 Incoming International Wire Transfer Instructions Usually, the receiving bank (in Canada) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking. Banks use SWIFT network for exchanging messages required for performing international wire transfer. International wire transfer is one of the fastest way to receive money from foreign countries. International Wire Transfer to Bank of Montreal
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