Wire Transfers

Sending and receiving funds within Canada or internationally is fast and secure using our wire transfers. Wire transfers can be set up at any Libro branch. Plus, a Libro Coach is always ready to handle any specific questions about sending or receiving funds!

Receiving a Wire Transfer

Providing Information

Personal Information

You must provide the sender with the following personal information:

  1. Full Name
  2. Full Address

Banking Information

You must provide the sender with the following banking information from Libro Credit Union. There are three components to your bank account number at Libro:

  1. Institution Number - always 828 for Libro accounts
  2. Branch Transit Number
  3. Your Libro Account Number

Your account information is also imprinted on the bottom of your cheques.

You must also provide additional instructions that vary depending on the currency being sent. Complete instructions for the currencies Libro supports are provided at the sections below.

An example of the necessary information is found after all wire instructions.

Canadian Dollar Incoming Wire Instructions

  1. Beneficiary Bank:
    SWIFT BIC: CUCXCATTVAN, Routing #: 080912010
    Central 1 Credit Union
    1441 Creekside Drive
    Vancouver, BC, Canada V6J 4S7
  2. Beneficiary:
    Account Number: 828-6###2-#######
    Owner Name
    Address

United States Dollar Incoming Wire Instructions

  1. Intermediary Bank:
    SWIFT BIC: BKTRUS33, ABA: 021001033
    Deutsche Bank Trust Company Americas
    New York, USA
    Intermediary account number: 04459732
  2. Beneficiary Bank:
    SWIFT BIC: CUCXCATTVAN, Routing #: 080912010
    Central 1 Credit Union
    1441 Creekside Drive
    Vancouver, BC, Canada V6J 4S7
  3. Beneficiary:
    Account Number: 828-6###2-#######
    Owner Name
    Address

Euro Incoming Wire Instructions

  1. Intermediary Bank:
    SWIFT BIC: DEUTDEFF
    Deutsche Bank
  2. Beneficiary Bank:
    SWIFT BIC: CUCXCATTVAN, Routing #: 080912010
    Central 1 Credit Union
    1441 Creekside Drive
    Vancouver, BC, Canada V6J 4S7
  3. Beneficiary:
    Account Number: 828-6###2-#######
    Owner Name
    Address

GBP Incoming Wire Instructions

  1. Intermediary Bank:
    SWIFT BIC: DEUTDGB2L
    Deutsche Bank
    London, United Kingdom
  2. Beneficiary Bank:
    SWIFT BIC: CUCXCATTVAN, Routing #: 080912010
    Central 1 Credit Union
    1441 Creekside Drive
    Vancouver, BC, Canada V6J 4S7
  3. Beneficiary:
    Account Number: 828-6###2-#######
    Owner Name
    Address

Example

828-XXXXX-XXXXXXX

828
Institution
Libro's Financial Institution Number

XXXXX
Transit
Your Branch Number

XXXXXXX
Your Account Number

If your wire transfer instructions are incomplete, the funds could be held at intermediary banks for an extended period of time or be returned to the sending bank less any service charges. It is important that the correct intermediary banks are used (as per the instructions above) in order to avoid unnecessary fees, delays, or currency conversions.

Depositing Funds Received Via Wire Transfer

  • Wires sent in Great British Pounds or Euros will be deposited into your Canadian dollar account.
  • For International wires other than Great British Pounds or Euros, Libro recommends sending Canadian dollars for faster processing and lower service charges.
  • US dollar wires will be deposited into your Canadian dollar account if you do not have a US dollar account with Libro.

Service Fees

  • The sending bank and intermediary banks may deduct service charges prior to the wire transfer arriving at Libro.
  • Libro charges a $15.00 CAD/USD service fee for processing incoming wire transfers.

Processing

  • Wires sent within Canada or the US usually take two to three business days to process.
  • International wires can take up to three to five business days.
  • Wire trace requests for undelivered wires must originate at the sending institution.

For assistance with incoming wire transfer instructions, please call our Contact Centre at 1-800-361-8222 throughout North America.

Sending a wire transfer

Providing Information

You must visit a Libro branch in person to provide your wire transfer instructions.

Please bring the following information with you:

  • Sender's personal information: Name, date of birth, identification number (e.g. driver's license), occupation, phone number., street address, city and country
  • Receiver's (beneficiary's) bank information: Bank name, street address, city, country and financial institution number (e.g. SWIFT BIC code, USA ABA number, or Canadian Transit Number)
  • Receiver's (beneficiary's) personal information: Name, street address, postal code/zip code, city, country, phone number and account number

Depending on the country that is receiving the wire transfer, additional information may be required.

Wire transfer fees vary and intermediary banks may deduct service charges prior to the wire arriving at its final destination. Libro has no control over these fees, nor are we advised of these fees in advance.

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