Bank details of Alterna Bank

Find the verified Alterna Bank routing details needed for secure transfers. Below are the essential Institution Number (608), Transit numbers, and SWIFT codes required for Canadian domestic EFT (direct deposits) and international wire payments.

How to correctly fill out a transfer form

To ensure your funds reach Alterna Bank without delays, it is critical to provide the exact routing information. For domestic transfers within Canada (EFT), you will need the 3-digit institution number and 5-digit transit number. International wire transfers require a SWIFT/BIC code and often involve an intermediary bank, as Alterna processes these through Central 1 Credit Union.

Examples of filling out a transfer:

Domestic EFT Transfer (Within Canada):
Recipient: John Smith
Institution Number: 608 (public bank identifier)
Transit Number: 00016 (public bank identifier)
Account Number: ****5678 (example)
Purpose: Monthly Rent Payment

International Wire Transfer (to Canada):
Beneficiary Bank: Alterna Bank
SWIFT Code: CUCXCATTVAN (public bank identifier)
Recipient Account: Account ending 1234
Currency: CAD
Note: Always include the full branch address in Ottawa for international routing.

Tips for filling out the form

• Always double-check the 9-digit routing number format (0 + Institution + Transit) before confirming.
• For small domestic amounts, consider using Interac e-Transfer via email to save on fees.
• Ensure the recipient's name matches exactly with their bank records to avoid automatic reversals.
• Keep in mind that international wires may incur intermediary bank fees which are deducted from the total.

FAQ

Question: Can I use the SWIFT code for domestic transfers within Canada?

Answer: No, for transfers within Canada, you should use the Routing Number (Transit + Institution). SWIFT codes are exclusively for international wire payments.

Question: Is my money safe with Alterna Bank?

Answer: Yes, Alterna Bank is a member of the Canada Deposit Insurance Corporation (CDIC), meaning your eligible deposits are insured up to $100,000.

Question: How long does a wire transfer to Alterna Bank take?

Answer: Domestic transfers usually arrive within 1-2 business days, while international wires can take 3-5 business days depending on the sending country.