SWIFT Code MAINCA2A — MAGNA INTERNATIONAL INC., AURORA

About SWIFT Code MAINCA2A — MAGNA INTERNATIONAL INC., AURORA

SWIFT code MAINCA2A is the official 8-character head-office BIC (Bank Identifier Code) for MAGNA INTERNATIONAL INC. in AURORA, Canada. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by MAGNA INTERNATIONAL INC. for all outward international remittances from AURORA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code MAINCA2A

The code MAINCA2A follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code MAINCA2A

Receiving International Wire Transfers

To receive money from abroad at your MAGNA INTERNATIONAL INC. account in AURORA, share SWIFT code MAINCA2A with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at MAGNA INTERNATIONAL INC., AURORA must provide SWIFT code MAINCA2A. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using MAGNA INTERNATIONAL INC. in AURORA rely on SWIFT code MAINCA2A for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for MAGNA INTERNATIONAL INC. →

For cheque clearing or NACH mandates, use the MICR code for MAGNA INTERNATIONAL INC. →

For TDS challan deposits, find the BSR code for MAGNA INTERNATIONAL INC. →

How SWIFT Code MAINCA2A Routes an International Transfer

1. Initiation: The sender provides SWIFT code MAINCA2A and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to MAGNA INTERNATIONAL INC..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: MAGNA INTERNATIONAL INC. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code MAINCA2A

• Spaces or lowercase letters — Always enter MAINCA2A uppercase with no spaces.
• Using the wrong city — This code is for AURORA only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Canada.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm MAINCA2A directly with MAGNA INTERNATIONAL INC.'s AURORA branch or via the SWIFT BIC Directory.