
City National Bank is a well-established financial institution with a rich history dating back to 1874.
The bank offers a range of financial services, including personal and business banking, investment services, and private banking.
City National Bank is a subsidiary of Royal Bank of Canada, a multinational bank with operations in over 40 countries.
City National Bank's Swift code is a crucial piece of information for international transactions, enabling seamless communication between banks worldwide.
What is a BIC/SWIFT Code?
A BIC/SWIFT code is a unique identifier for a bank or financial institution, also known as a Business Identifier Code.
It's used for international money transfers, and is made up of 8 or 11 characters, with all 11 digit codes referring to specific branches and 8 digit codes referring to the head or primary office.
The code is formatted as follows: AAAABBCCDDD, with the first 4 characters being the bank code, only letters.
The next 2 characters are the ISO 3166-1 alpha-2 country code, also only letters.
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The next 2 characters are the location code, which includes a "1" in the second character for passive participants.
The last 3 characters are the branch code, which is optional and can be 'XXX' for the primary office, a mix of letters and digits.
Some banks use BIC code, some use SWIFT number, and some use both - BIC/SWIFT.
Here's a breakdown of what each part of the code means:
For example, the SWIFT code for City National Bank is CINAUS6L, which is used for international bank transfers.
Using a BIC/SWIFT Code
Check your SWIFT code is valid before a money transfer. This is a crucial step to ensure your transaction goes smoothly.
Always double-check with the recipient before sending money that you have the right SWIFT code. You don't want to end up with a delayed or lost transfer.
The SWIFT code is unique for each City National Bank branch. This means you need to verify the correct code with the recipient to avoid any issues.
In order not to make a mistake with SWIFT codes when making international wire transfers, you can use the 8 digit head office SWIFT code – CINAUS6L. This way, the payment will still reach your account.
You can also use the head office code if you're unsure about the branch-specific code. Just make sure to confirm with the recipient to avoid any confusion.
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Code Validation and Verification
Before you can make a money transfer, you need to validate your SWIFT code. Validate a SWIFT code by checking it is correct before a money transfer.
A valid SWIFT code is essential for a smooth transaction. Check your SWIFT code is valid before a money transfer.
To validate your SWIFT code, you can check if it matches the format specified by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
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Correspondent Banks and Codes
Correspondent banks play a crucial role in facilitating international wire transfers.
Standard Settlement Instructions (SSI) contain a list of correspondent banks for CITY NATIONAL BANK, which varies by currency.
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You can find the correspondent banks for CITY NATIONAL BANK by referencing the SSI.
The SWIFT code is unique to each City National Bank branch, but you can use the 8-digit head office SWIFT code – CINAUS6L – to avoid mistakes when making international wire transfers.
Using the head office SWIFT code will still ensure the payment reaches your account, saving you time and effort in finding the specific branch code.
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Code Existence and Alternatives
Financial institutions may have multiple SWIFT codes, so it's essential to double-check with the recipient to ensure you have the right one.
You can't assume that a single SWIFT code is the only one used by a bank, as CITY NATIONAL BANK and CITY NATIONAL BANK OF FLORIDA both have multiple codes.
Always verify the SWIFT code with the recipient to avoid any potential issues with money transfers.
Differing by just a few letters or numbers, these codes can be easily overlooked, making double-checking crucial.
You should never send money without confirming the correct SWIFT code, as this can lead to delays or even losses.
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Frequently Asked Questions
Is SWIFT code the same for all branches?
SWIFT codes vary by bank, with some using the same code for all branches and others using a unique code for each branch. Typically, using the bank's head office SWIFT code is a safe option when unsure.
What is the SWIFT code of CNB bank?
The SWIFT code for CNB Bank is CNBBUS33XXX. This unique code is used for international wire transfers and transactions.
What is the city bank SWIFT code?
The City Bank SWIFT code is CIBLBDDH, also known as a BIC (Bank Identification Code). This unique code facilitates international transactions and identification of our bank.
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