What's more, you'll be able to send, hold, spend, and receive US dollars and other foreign currency at the mid-market exchange rate with low, transparent fees. Using a Wise Account (available in the US), you'll get local bank account details for 10 different currencies. Notes: 1 Account number without spaces or additional symbols (13 numbers) 2 Account number as it appears on your bank statement 3 IBAN number without spaces. It's called the Wise Account and it's available for both individuals and businesses. Luckily, a much better alternative exists to save money when receiving money in the US from abroad. With costs like this, you'd easily receive $50 to $100 less per $1,000 sent than you would've had transferred at the real, mid-market exchange rate. Compare now on Monito's real-time comparison engine to find the cheapest way to send to any Chase account in the US:Īre you expecting a transfer from abroad and is the sender asking you to provide a Chase SWIFT/BIC code? Then you're likely going to receive less than you should because of the high international bank transfer fees and bad exchange rates that are usually applied by the senders' bank.įor example, a typical foreign bank will charge between 5% and 10% in total fees for sending a $1,000 equivalent to the US.
Using a digital money transfer provider, not only could you up to 95% in fees compared to the bank, but you'll also be able to send money more quickly to your beneficiary's account at Chase. At Monito, we analyzed the cost of sending money with around 50 major banks in eight countries around the world, and we can confidently say that we don't recommend using your bank to send money to the US.Īdditionally, bank transfers via the SWIFT network tend to take quite long (between one and five business days on average), meaning they're not a good option if you want to make a speedy transfer.įortunately for you, much smarter alternatives exist. The USD Card Rate prevailing on the date of credit to customer account would be the applicable exchange rate. This currency will be received in equivalent USD.
#Bic to swift converter code
This is because fixed international bank transfer fees, bad exchange rates, and correspondent banking fees can stack up very quickly. Swift Code Swift / BIC Code for ICICI Bank for retail remittances is: ICICINBBNRI. If you're sending money internationally to a Chase bank account in the US through your local bank, the transaction will likely be much pricier than it ought to be.
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