None
IT
With Swift, RBC and TD, a New Era for International Money Transfers Arrives in Canada
[]
Financial IT
With Swift, RBC and TD, a New Era for International Money Transfers Arrives in CanadaPeople in Canada receiving money from family, friends or businesses abroad will get a significantly better experience as Canadian financial institutions go live with a new consumer payments initiative from Swift, the organisation behind the global network that connects more than 11,500 financial institutions in over 200 markets.
The initiative sets a new standard for international retail transfers so consumers experience several key benefits:The full amount arrives.
If someone sends money from overseas, that is exactly what lands in the account with no unexpected deductions.
RBC and TD are among the first institutions globally to implement the initiative and the first in Canada, initially providing the improved experience to customers receiving money from Australia and Belgium, with more markets to be added.
As Canadians increasingly send and receive money from abroad to support family, travel, shop and do business across borders, efficient international payments are becoming more important than ever.