VELOCITY FOREIGN EXCHANGE SERVICES, Primary Office 100 Yonge Street, TORONTO, Canada
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| BIC Name / Bank name / Institution Name | VELOCITY FOREIGN EXCHANGE SERVICES |
| Bank Code / Institution Code | VFES |
| Country | CANADA |
| Country Code (ISO 3166) | CA |
| City | TORONTO |
| City Code | T1 The City Code are Institution Specific, different BIC has allotted different City Code for same city. |
| Office Type | Primary Office / Head Office / Main Office |
| Branch Code | XXX |
| Swift Code / BIC Code |
VFESCAT1
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| Swift Code / BIC Code 11 Characters | VFESCAT1XXX Note:If Swift Code is of 8 Characters then suffix XXX for branch code in the Swift Code. |
| Address | 100 Yonge Street |
| Zip Code / Postal Code | M5C 2W1 |
| Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active | |
| View Location on Google Map | |
| Whether Financial Institution IBAN Compliant | No, VELOCITY FOREIGN EXCHANGE SERVICES is not IBAN Compliant. |
| Save on International Payment Transfers | |
What is a SWIFT Code / BIC code?
Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes.SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.
SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:
- First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of VELOCITY FOREIGN EXCHANGE SERVICES the first four characters from left VFES indicates that it is VELOCITY FOREIGN EXCHANGE SERVICES.
- Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of VELOCITY FOREIGN EXCHANGE SERVICES characters 5 and 6 from left CA indicates that bank is in CANADA. It means that all the banks located in CANADA will have CA at 5th and 6th place from left in their Swift Codes / BIC Codes.
- Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of VELOCITY FOREIGN EXCHANGE SERVICES characters 7 and 8 from left T1 indicates that bank is in TORONTO. It means that all the branches of VELOCITY FOREIGN EXCHANGE SERVICES located in TORONTO will have T1 at 7th and 8th place from left in their Swift Codes / BIC Codes.
- Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank.In the case of VELOCITY FOREIGN EXCHANGE SERVICES the length of SWIFT Code is 8 Characters, means VELOCITY FOREIGN EXCHANGE SERVICES Head Office of the Financial Institution.
- Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.