SWIFT Code RECCCAT1 — RESEARCH CAPITAL CORPORATION, TORONTO

About SWIFT Code RECCCAT1 — RESEARCH CAPITAL CORPORATION, TORONTO

SWIFT code RECCCAT1 is the official 8-character head-office BIC (Bank Identifier Code) for RESEARCH CAPITAL CORPORATION in TORONTO, 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 RESEARCH CAPITAL CORPORATION for all outward international remittances from TORONTO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code RECCCAT1

The code RECCCAT1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code RECCCAT1

Receiving International Wire Transfers

To receive money from abroad at your RESEARCH CAPITAL CORPORATION account in TORONTO, share SWIFT code RECCCAT1 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 RESEARCH CAPITAL CORPORATION, TORONTO must provide SWIFT code RECCCAT1. 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 RESEARCH CAPITAL CORPORATION in TORONTO rely on SWIFT code RECCCAT1 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 RESEARCH CAPITAL CORPORATION →

For cheque clearing or NACH mandates, use the MICR code for RESEARCH CAPITAL CORPORATION →

For TDS challan deposits, find the BSR code for RESEARCH CAPITAL CORPORATION →

How SWIFT Code RECCCAT1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code RECCCAT1 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 RESEARCH CAPITAL CORPORATION.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RESEARCH CAPITAL CORPORATION receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code RECCCAT1

• Spaces or lowercase letters — Always enter RECCCAT1 uppercase with no spaces.
• Using the wrong city — This code is for TORONTO 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 RECCCAT1 directly with RESEARCH CAPITAL CORPORATION's TORONTO branch or via the SWIFT BIC Directory.