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Email this7:07 pm
January 3, 2013
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So I don't have any account with a SWIFT code that accepts international wire transfers. Thanks EQBank, TangerineBank, and Simplii
Any recommendations? I need to get compensation from AirMalta and have 2 weeks to fill out their form.
I also have accounts with Meridian and online research has conflicting information. Anyone has received an international wire transfer via Meridian?
11:03 pm
June 20, 2019
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Assuming you have an account with Simplii.
Simplii Financial shares Institution Number 010 with its parent CIBC. Its SWIFT/BIC code is CIBCCATT, and all Simplii clients share a branch-transit number of 30800. As a division of CIBC, Simplii Financial is insured under the Canada Deposit Insurance Corporation (CDIC).
They used to charge $10 for incoming wire transfer. Not sure if it remains the same.
1:39 pm
January 3, 2013
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This is great. I had no idea.
I contacted Meridian and they provided me with the info but based on https://www.meridiancu.ca/personal/rates-and-fees/personal-accounts-fees-and-service-charges they charge $17.50 so maybe better for me to go with Simplii.
Some Googling before filling out the form asking for IBAN/Swift Code/ Account #. Seems Account # is a bit tricky and should include the branch etc info too.
3:48 pm
October 21, 2013
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I have rarely done these, but, when I did, I just asked the receiving FI to write down all the necessary numbers, which they did, and I copied them to the form. No problems. Did one at Meridian and one at a big bank that I recall.
8:12 pm
January 3, 2013
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Thank you, Loonie. So you have done with Meridian and it worked. Although, $17.5 is too much. I have never done it. Will be my first.
8:49 pm
October 21, 2013
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I think the Meridian one was domestic though, not overseas. No longer sure. I was just wanting to suggest getting them to write it all out for you so no mistakes.
9:14 pm
January 3, 2013
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They did send me a signed PDF with the information. Thanks.
But I might get a colleague with an EU bank account to just get the funds and then e-Transfer me the money in CAD. Feel bad about spending $17.5 in fees for a small $250 CAD.
9:16 pm
April 6, 2013
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When asking for the SWIFT info, mention which country the funds will be coming from and the currency. I've noticed that the instructions can be different for US$ or from US.
For example, the incoming wire instructions for CIBC only route through Wells Fargo Bank N.A. in New York city (SWIFT PNBPUS3NNYC) for US$ transfers from the US. Otherwise, it is only to Canadian Imperial Bank of Commerce (SWIFT CIBCCATT).
10:05 pm
January 3, 2013
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Actually Meridian agent asked me this specifically, where, how much, currency and provided the details. I think as I liked their service I better pay the $17.5 fee than risking it with Simplii $10.
6:52 am
April 21, 2022
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Save2Retire@55 said
Actually Meridian agent asked me this specifically, where, how much, currency and provided the details. I think as I liked their service I better pay the $17.5 fee than risking it with Simplii $10.
It's all hindsight. I would have gone the Wise multi-currency account route and had the payment sent in EUR via IBAN, then converted it to CAD.
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