How do I make an international transfer from the Laurentian Bank to another institution?
You may transfer funds from the Laurentian Bank to another financial institution by cable, money order or bank draft or via the Western Union service. A cable transfer is the fastest way to transfer funds abroad. Processing time ranges from 2 to 30 days, depending on the destination, however the delay is not guaranteed. The following information is required to transfer funds by cable: • Name of the beneficiary; • The bank transit number, the branch number and the account number to which funds must be transferred as well as the name and address of the bank; • The receiving bank’s S.W.I.F.T. code; • The receiving bank’s routing number (or ABA »); • The receiving bank’s telex number. Please note that the Bank does not use the new IBAN code, a recent European standard. However, should you use this code, the transfer will nevertheless be processed. Transfer fees on Canadian currency are: • $0 to $9,999: $20; • $10 000 to $24,999: $28; • $25 000 to $99,999: $40; • $100 000+: $70. This type o
