Wire Transfers
A wire transfer is an electronic transfer where money is sent from one financial institution to another. It’s the preferred method of sending money to someone in a foreign country, plus, you can send wires in almost any currency and receive them in either Canadian or US dollars.
For an up to date listing of wire transfer fees, check out our banking fees page.
Sending a wire transfer
We’d like to tell you that all it takes to send a wire transfer is a quick snap of your fingers and a blink of an eye, but alas, we would be lying.
However, as long as you have all the required information, Sunova staff can help make the wire transfer process a breeze. But remember, wire transfers only work if the information is correct. That may sound obvious but tiny spelling errors or incorrect banking information will cause an error in the transfer. We don’t want that to happen, so take care when collecting information.
Please note a wire transfer can take anywhere from 24 hours to 10 days to reach its final landing place.
Information of sender:
| Full legal name | Exact match to your account |
| Physical address (no PO boxes here!) | Town or city, province, and postal code |
| Sunova member number | If you’ve forgotten, don’t worry. We know it. |
Information of beneficiary + receiving financial institution:
| Full legal name | Exact match to their bank account |
| Physical address | Exact match to their bank account |
| Bank account number | IBAN number |
| Bank branch information | Full name, address, phone number, and routing number |
| Bank identifier code | International bank: ABA or SWIFT code |
| Details | Any important details we should be aware of and reason for wire transfer |
Receiving | Canadian funds
When you’re receiving a wire transfer, make sure to provide the sender with the following information. Sunova will convert the currency to Canadian funds before its deposited to your account.
| Full legal name or name of business | Exact match to your account |
| Physical address | Town or city, province, and postal code |
| Bank account number | IBAN number |
| Pay direct to | Central 1 Credit Union
1441 Creekside Drive, Vancouver, BC, Canada, V6J 4S7 SWIFT code: CUCXCATTVAN
|
| Name, address, phone number, and route and transit number of your Sunova branch | You can find this info on Sunova GO Web under account info, or at the bottom of your cheques.
|
Receiving | US funds
The information needed for receiving a wire in US funds is slightly different. Make sure to provide the sender with the following information:
| Full legal name or name of business | Exact match to your account |
| Physical address | Town or city, province, and postal code |
| Sunova member number | If you’ve forgotten, don’t worry. We know it. |
| Pay direct to |
SWIFT BIC: CITIUS33XXX ABA: 021000089 Citibank N.A. New York, USA |
| Beneficiary bank |
SWIFT FIELD 57 or FEDWIRE TAG 4100 SWIFT BIC: CUCXCATTVAN Central 1 Credit Union Citibank Account No. 36371006
|
| Beneficiary customer |
SWIFT FIELD 59 or FEDWIRE TAG 4200 |
| Payment details |
SWIFT FIELD 70 or FEDWIRE TAG 6000 |
| Name, address, phone number, and route and transit number of your Sunova branch | You can find this info on Sunova GO Web under account info, or at the bottom of your cheques. |
