When conducting international wire transfers, many individuals encounter delays or security concerns with their transactions. Selecting the correct SWIFT/BIC code can effectively prevent these common issues. This article examines the SWIFT/BIC code for UBS Switzerland AG and its crucial role in cross-border payments.
The SWIFT code for UBS Switzerland AG is UBSWCHZH10A . This unique identifier serves as both a key banking reference and an essential safeguard to ensure funds reach their intended destination securely.
Bank Information Overview
- Bank Name : UBS Switzerland AG
- City : Lausanne
- Address : Place St-François 16, Lausanne, Vaud, 1002
- Country : Switzerland
SWIFT codes consist of 8 to 11 alphanumeric characters, with the first 8 representing the bank identifier and the remaining 3 typically indicating specific branches or departments. This standardized system enhances accuracy in financial communications, significantly reducing transaction risks.
Why SWIFT Codes Matter
Accuracy in SWIFT code usage is paramount for international wire transfers. Incorrect codes may result in delayed fund delivery or, in rare cases, complete loss of transferred amounts. Verifying the correct and active SWIFT code before initiating any transfer remains a critical step in the process.
Exchange Rate Considerations
Transactions processed through UBS Switzerland AG typically involve Euro conversions. Exchange rates significantly impact the final amount received by beneficiaries. Monitoring real-time foreign exchange rates provides transparency regarding expected transfer amounts.
Conclusion
Possessing the correct SWIFT code is fundamental to avoiding complications in international money transfers. Beyond verifying the recipient bank's SWIFT code, individuals should also consider exchange rates and associated fees. For secure cross-border transactions, whether to France or other destinations, UBS Switzerland AG offers reliable financial services.