When transferring money internationally to Europe, every step in the process matters, and the SWIFT code serves as the crucial element ensuring funds reach their intended destination accurately. This article examines UBS Switzerland's SWIFT/BIC code—UBSWCHZH12B—and how to use it effectively for international transfers.
UBS Switzerland (officially Union Bank of Switzerland) maintains a prominent position in global financial services. Its primary Geneva branch operates from RUE DU RHONE 8, GENEVA, 1211, Switzerland. For both individual and corporate clients, understanding how to properly use SWIFT codes represents an essential aspect of international banking.
The Structure and Significance of SWIFT Codes
The SWIFT code, also known as the Bank Identifier Code (BIC), consists of 8 to 11 unique characters that identify specific banks and their branches worldwide. The components of UBSWCHZH reveal important information:
- UBS : The bank code representing UBS Switzerland
- WCHZ : The country and location identifier, with WCH indicating Switzerland and ZH designating Geneva
- 12 : An optional branch code pointing to specific banking facilities
This standardized coding system ensures transfers are routed directly to the correct UBS Switzerland account.
International Transfer Example
Consider transferring $10,000 to an account in France. Verifying that the recipient's SWIFT code matches UBSWCHZH12B prevents processing delays or errors. Based on current exchange rates, the recipient would receive approximately €8,491. Always double-check transfer details for accuracy before initiating transactions.
Key Considerations for International Transfers
Precision with SWIFT codes proves critical for successful cross-border transactions. Confirm all banking details—including the SWIFT code, bank name, physical address, and recipient information—before submitting transfers. Consulting financial institutions about current exchange rates and potential fees prior to initiating transfers helps avoid unexpected costs.
For anyone conducting international financial transactions, understanding SWIFT code protocols and transfer procedures remains fundamental. Following these guidelines facilitates smooth international fund transfers and simplifies global financial operations.