SWIFT Code for CANADIAN PAYMENTS ASSOCIATION in Canada
CPAACA23XXX
The primary BIC/SWIFT code for CANADIAN PAYMENTS ASSOCIATION in Canada is CPAACA23XXX. This code is used to identify the bank as a whole during international financial transactions.
| Bank Name | CANADIAN PAYMENTS ASSOCIATION |
| Bank Address | CONSTITUTION SQUARE TOWER II, 350 ALBERT STREET, OTTAWA, ONTARIO, K1R 1A4 |
| City | OTTAWA |
| Postcode | K1R 1A4 |
| Country | 🇨🇦 Canada |
| Bank Code | CPAA |
| Country Code | CA |
| Location Code | 23 |
| Branch Code | XXX |
Find out why millions worldwide trust Remitly
Guaranteed Delivery
Your satisfaction is our priority - if your transfer isn’t delivered on schedule, you’ll get a full refund of our service fees.
Flexible Transfers
Send money your way from Poland - whether it’s direct to a bank account, to a mobile wallet, or for cash collection at a local pickup point.
Advanced Protection
Rest easy knowing your transfers are protected by industry-leading security measures and encryption technology.
SWIFT Code Tools
Quickly locate any SWIFT/BIC code or verify the one you already have.
Sending Money to CANADIAN PAYMENTS ASSOCIATION in OTTAWA
Follow these three steps to ensure your international wire transfer reaches the correct account at the OTTAWA branch without delays or hidden intermediary fees.
- Step 1: Collect Recipient Details. You will need the full legal name of the account holder and their IBAN (International Bank Account Number). For Canada, IBANs typically start with the prefix CA.
- Step 2: Enter the SWIFT/BIC Code. When prompted by your banking app or wire service, enter CPAACA23XXX. This unique 11-character identifier ensures the funds are routed specifically to the CANADIAN PAYMENTS ASSOCIATION systems in OTTAWA.
- Step 3: Confirm the Transfer Method. If you are sending from within Europe, select SEPA for lower fees and faster delivery. For transfers from outside the EU (e.g., USA, India, or Australia), ensure you select SWIFT/International Wire and double-check if your bank requires an intermediary bank for Canada transactions.
Where can I find my SWIFT/BIC code?
You can find your SWIFT/BIC code in several easy-to-locate places:
- On your bank statements, either printed or online.
- Inside your online banking portal, under account information.
- On your bank’s official website, usually in their international banking or FAQ section.
- By directly contacting your bank’s customer service.
Online resources like SWIFT Codes Finder can be really helpful.
Example of transaction information
- Beneficiary Name: [Recipient Name]
- Bank: [Bank Name]
- SWIFT/BIC Code: [SWIFT Code]
- Bank Address: [Street, City, Country]
- Account Number/IBAN: [Account Number or IBAN]
Frequently Asked Questions
Is CPAACA23XXX the correct code for all CANADIAN PAYMENTS ASSOCIATION branches?
No. While many banks use a "Head Office" code ending in XXX, the code CPAACA23XXX is specifically assigned to the OTTAWA location. Using this specific 11-character code helps the bank’s automated systems credit the recipient’s account faster than using a generic national code.
Can I use this code for a SEPA transfer to Canada?
Yes. If you are sending Euro-denominated funds from another SEPA-member country, you can use this BIC/SWIFT code alongside the recipient’s IBAN. However, most modern European banks only require the IBAN to route SEPA payments automatically.
How long does a transfer to CANADIAN PAYMENTS ASSOCIATION usually take?
International transfers to CANADIAN PAYMENTS ASSOCIATION using the SWIFT network typically take 1 to 3 business days. Factors that can cause delays include:
- Time zone differences between the sender and Canada.
- Local public holidays in Canada.
- Required "Know Your Customer" (KYC) checks for large amounts.
Are there fees for receiving money at the OTTAWA branch?
Most banks in Canada charge an "Incoming Wire Fee" for international transfers. For CANADIAN PAYMENTS ASSOCIATION, these fees vary based on the account type but typically range from a small flat fee to a percentage of the total. It is recommended to send funds using the "OUR" instruction if you want the recipient to receive the exact amount sent.
What happens if I use the wrong SWIFT code?
If you use a code for a different branch of CANADIAN PAYMENTS ASSOCIATION, the money will usually still arrive but may be delayed by 24–48 hours as it is manually rerouted. If you enter a completely incorrect code, the funds will likely be returned to your account within 5–10 business days, minus any processing fees.
Do I need a CANADIAN PAYMENTS ASSOCIATION SWIFT code for international money transfers?
Yes. If you are sending money from abroad to an account at CANADIAN PAYMENTS ASSOCIATION, you will almost certainly need their SWIFT code (also known as a BIC).
The SWIFT code CPAACA23XXX acts as a digital address for the OTTAWA branch. Without it, the sending bank won’t know which specific institution in Canada should receive the funds, which often leads to the transfer being rejected or stuck in "limbo". However, the requirements change slightly depending on where the money is coming from:
- Transfers from outside the EU/EEA (e.g., USA, Canada, India): A SWIFT code is mandatory. You must provide CPAACA23XXX along with the recipient’s name and IBAN.
- Transfers from within Europe (SEPA): If the sender is in a SEPA-member country, many modern banks only require the IBAN. However, providing the SWIFT code CPAACA23XXX is still recommended as a backup to ensure the transfer is routed instantly to the OTTAWA branch.
- Domestic Transfers: If you are sending money from another bank inside Canada, you typically do not need a SWIFT code; a local account number or IBAN is sufficient.
Pro Tip: Always double-check the 8th and 11th characters. For CANADIAN PAYMENTS ASSOCIATION, using the specific branch code CPAACA23XXX instead of the generic head office code ensures the money hits the correct local ledger in OTTAWA without manual intervention.
SWIFT Codes for main Canada banks
Browse SWIFT Codes by Country
Looking for SWIFT codes in a specific country? Use this section to explore banks and financial institutions by region. Just select a country to view a full list of banks along with their verified SWIFT/BIC codes.