MAGNA INTERNATIONAL INC., AURORA - SWIFT/BIC Code

MAGNA INTERNATIONAL INC., AURORA - SWIFT Code Information

SWIFT Code / BIC

MAINCA2A

Bank / Institution

MAGNA INTERNATIONAL INC.

Address

337 MAGNA DRIVE

City

AURORA

Postcode

L4G 7K1

Country

Canada

Connection

Active

MAINCA2A - SWIFT Code Breakdown

SWIFT Code

MAINCA2A or MAINCA2AXXX

Bank Code

MAIN - code assigned to MAGNA INTERNATIONAL INC.

Country Code

CA - code belongs to Canada

Location & Status

2A - represents location, second digit means active code

Branch Code

XXX or not assigned, indicating this is a head office

What is a SWIFT Code MAINCA2A?

A SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in 'XXX') refer to the head or primary office. SWIFT codes are formatted as follows:

AAAA BB CC DDD

First 4 characters - bank code (only letters)
Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)

The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.