Product profile

International money transfers

What is the bank routing information?
What does IBAN mean?
What does BIC mean?
What does ABA mean?
What is the account number?
What is the identification number?
What does CLABE mean?
What is the money transfer description?
What does SWIFT mean?
What is direct deposit?
When is the exchange rate determined?
What fees can be charged for an investigation?
What are the eligible transit numbers for money transfers to the Fédération des caisses populaires haïtiennes Le Levier?

1. What is the bank routing information?

To send funds to a financial institution, you need to provide some information. In some cases, you will need one coordinate to identify a branch and another to identify the recipient's account. Other countries ask for only one coordinate, e.g. the IBAN. When you add a recipient, the system will let you know what information is needed depending on the destination country.

2. What does IBAN mean?

IBAN stands for International Bank Account Number. It provides the recipient's banking information as follows:

2 letters: country
2 digits: check digits
followed by up to 30 alphanumeric characters, depending on the country

This number is often found on bank statements and bills of businesses and individuals residing in one of the participating countries.

The IBAN must be entered without dashes or spaces.

The IBAN is mostly used for transferring funds to Europe.

3. What does BIC mean?

Also called the SWIFT code, the BIC is a bank identifier code that can be up to 8 to 11 characters long, depending on the bank, which makes it possible to automate the funds transfer process.

4. What does ABA mean?

ABA = American Bankers Association

The ABA is made up of 9 digits and identifies an American banking institution.

For direct deposits, the ABA must be eligible for ACH (Automated Clearing House) automated payments.

As for SWIFT international transfers, use the one for funds transfers.

5. What is the account number?

It identifies the account in which the funds will be deposited. Please ensure the accuracy of this number.

The account number must be entered without dashes or spaces.

Regarding Desjardins Bank accounts:

Account numbers are made up of 10 digits, beginning with:
- 001 - Hallandale Beach Branch
- 020 - Pompano Beach Branch
- 030 - Lauderhill Branch
If the fourth digit of the account number is a 4, it is a savings account. Please indicate this in the Account type line in Step 1 of 4.

6. What is the identification number?

This number helps identify the bank branch.

The identification number must be entered without dashes or spaces.

7. What does CLABE mean?

The CLABE is a standard account number used for funds transfers to be credited to a bank account in Mexico only.

There are 18 characters in the CLABE:

First 3: bank
Next 3: branch
Next 11: account number
Last: check digit

8. What is the money transfer description?

The money transfer description makes it possible to identify the purpose of the transfer. Notwithstanding countries where French prevails, it is preferable to write the description in English. Examples of information you could enter: bill number 9999, salary, pension, parent's helper. It is up to each bank to allow the description to appear on the recipient's account statement.

9. What does SWIFT mean?

The SWIFT is a telecommunication system used between financial institutions worldwide to transmit funds transfer instructions.

10. What is direct deposit?

It consists of an automated payment system enabling file transmission to participating countries.

Features

Instructions must not include an intermediate bank
Participating countries only
Not expensive
Processing time and fees known in advance
Payment not as fast as SWIFT

Direct deposit participating countries

Belgium
Denmark
Germany
France
Haïti - Federation Le Levier
Ireland
Italy
Morocco – Banque populaire du Maroc
Netherlands
Portugal
Spain
United Kingdom
United States

11. When is the exchange rate determined?

Fédération des caisses Desjardins du Québec business hours are from 7:30 a.m. to 5:00 p.m., Monday to Friday (except for statutory holidays). For more information about the business hours and the exchange rate, read the international money transfers terms of use.

12. What fees can be charged for an investigation?

Applicable fees will be debited in CAD and USD from the source account of the money transfer being investigated.


Credit confirmation to the recipient's account	$25
Rejection or return of a transfer or direct deposit by the bank	$25
Investigation for a transaction carried out 1 year or more ago	$50

13. What are the eligible transit numbers for money transfers to the Fédération des caisses populaires haïtiennes Le Levier?

Due to the Fédération Le Levier's computer constraints, only the following interconnected transit numbers are eligible. Be sure to enter the abbreviated name of the caisse in the "Name of the financial institution" field.

Transit number	Caisse name	Abbreviated name
00102000	Koperativ Tèt Ansanm pou Lavi Miyò	KOTELAM
00102011	Koperativ Tèt Ansanm pou Lavi Miyò (comptoir)	KOTELAM
00102021	Koperativ Tèt Ansanm pou Lavi Miyò (comptoir)	KOTELAM
00103000	Caisse Populaire Sainte-Anne	CPSA
00121000	Coopérative Solidarité pour le Développement	COSODEV
00122000	Kes Popile Men Kontre	KEPOMEK
00204000	Coopérative Populaire Solidarité de Verrettes	CAPOSOV
00205000	Sosyete Koperativ Lavi Miyò	SOCOLAVIM
00321000	Coopérative d'Épargne et de Crédit de Lascahobas	COOPECLAS
00402000	Caisse Populaire Fraternité	CPF
00408000	Kès popilè Tèt AnsamTeryé-Wouj	KPTAT
00507000	Caisse Populaire pour l'Avancement de Jérémie	CAPAJ
00601000	Caisse Populaire Ressource Confiance de Marigot	CPRCM
00712000	Caisse Populaire Sainte-Anne de Camp-Perrin	CAPOSAC
00801000	Koperativ Pou Lespwa	KOPLES

* Plus correspondent charges, if applicable.
* If funds conversion required: use of purchase rate in effect on day of default.