Navigating the complexities of international wire transfers can be daunting, especially when ensuring funds reach their intended destination swiftly and securely. One critical element in this process is the correct use of SWIFT/BIC codes, such as UBSWCHZ9004 , which identifies UBS SWITZERLAND AG in Zurich, Switzerland.
Key Details About UBSWCHZ9004
This unique code serves as a global identifier for UBS SWITZERLAND AG, facilitating seamless cross-border transactions. Below are the essential details associated with this SWIFT/BIC code:
- Bank Name: UBS SWITZERLAND AG
- City: Zurich
- Address: Zurich, Zurich
- Country: Switzerland
Example Transaction: When sending $10,000.00 USD to UBS SWITZERLAND AG, the recipient may receive approximately 8,488.00 EUR (subject to exchange rates). Funds typically arrive within three business days when using direct debit.
Decoding the SWIFT/BIC Structure
Each segment of the code UBSWCHZ9004 provides specific information:
- Bank Code (UBSW): Identifies UBS SWITZERLAND AG.
- Country Code (CH): Denotes Switzerland.
- Location Code (Z9): Specifies the bank’s headquarters.
- Branch Code (004): Indicates a specific branch. "XXX" would typically refer to the primary office.
When to Use UBSWCHZ9004
This code is mandatory for:
- Inbound transfers to UBS SWITZERLAND AG accounts.
- Outbound payments originating from the bank.
Verifying the accuracy of the SWIFT/BIC code before initiating a transfer is crucial to prevent delays or misdirected funds. Financial institutions rely on these codes to route transactions efficiently across borders.
By understanding the role and structure of UBSWCHZ9004 , customers can execute international transfers with greater confidence and precision.