Banco Sumitomo Mitsui Brasileiro S.A. SWIFT/BIC code

SWIFT/BIC code of Banco Sumitomo Mitsui Brasileiro S.A.

The 8-character code SUBRBRSP and the full code SUBRBRSPXXX refer to the same bank: Banco Sumitomo Mitsui Brasileiro S.A., with its head office in Sao Paulo. Banks worldwide use these codes to route international transfers to the correct bank. In practice you mostly come across it on international invoices, in payment forms and in the bank details that Banco Sumitomo Mitsui Brasileiro S.A. provides.

On this page we explain what the code means, when you need it and what else you need for a transfer to or from Banco Sumitomo Mitsui Brasileiro S.A.. A SWIFT code identifies an institution, never a specific account; the IBAN or account number does that.

International transfers from Banco Sumitomo Mitsui Brasileiro S.A.: the real cost

The price of a payment abroad has more than one component. You pay the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, most importantly, the exchange rate markup.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate with a margin built in. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For a lot of routes, a specialist provider is less expensive than a bank – mostly thanks to the rate. GoldexPay lists these services next to each other so you can see what actually arrives before you commit. You can still use your account at Banco Sumitomo Mitsui Brasileiro S.A. to fund the transfer; only the conversion and sending happen elsewhere.

Sending BRL to Banco Sumitomo Mitsui Brasileiro S.A.

Brazil uses the Brazilian Real, code BRL. When you pay another currency, the amount has to be converted at some point – by your bank, by Banco Sumitomo Mitsui Brasileiro S.A. or by a bank in between. There is rarely a separate line for that conversion; it is built into the rate.

Who converts the payment matters: every bank has its own margin. Compare what BRL arrives via different providers; the difference between options can be larger than you expect.

The BRL rate fluctuates constantly and quotes are often valid only for a short time. For recurring payments, small differences in the rate add up over a year.

Where our SWIFT data comes from

Our SWIFT/BIC directory is compiled from publicly available sources and is updated regularly. It is possible that information on this page is out of date. Figures such as the number of codes are from our own dataset.

Treat our directory on this page as a handy check, and let the details from the recipient or Banco Sumitomo Mitsui Brasileiro S.A. have the final say. GoldexPay is an independent comparison service and not affiliated with Banco Sumitomo Mitsui Brasileiro S.A.. Should you notice something that is out of date, we welcome a short note.

Transfer times and tracking a payment to Banco Sumitomo Mitsui Brasileiro S.A.

There is no fixed answer for international payments: many land within a day. Transfers sent after the cut-off time or just before a weekend or public holiday often go out the next business day. Occasionally a bank asks what the payment is for before releasing it.

If the money seems late, ask your bank for the status and the transaction reference. Save your transfer receipt.

If a payment has not arrived after a few business days, the person who paid needs to contact their own bank, not the receiving bank. As a recipient, you can check your statements to see a partial amount, since fees may have been deducted.

Choosing between the 4 SWIFT codes of Banco Sumitomo Mitsui Brasileiro S.A.

Banco Sumitomo Mitsui Brasileiro S.A. has 4 separate SWIFT/BIC codes across 4 locations. Only one is the head office code; the others belong to branches or departments, and sometimes specific services.

If nobody asks you for a branch code, use SUBRBRSPXXX. Branch codes are only needed if the account holder explicitly mentions it.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more prone to be retired than SUBRBRSPXXX.

Scams that use SWIFT codes

Be wary when someone unexpectedly asks you to pay into another account abroad. A valid SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Do not rely on a phone number from the same email that announces the change. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. When money has already gone to a fraudster, contact your bank immediately.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to refund the difference abroad. A payment confirmation from the sender is no proof – check your own account.

What to give a sender who pays you at Banco Sumitomo Mitsui Brasileiro S.A.

For a transfer from abroad at Banco Sumitomo Mitsui Brasileiro S.A., the sender needs not just the BIC. Share the account holder’s name, your account number or IBAN, the BIC SUBRBRSPXXX and your address.

Their bank might also ask for the address of your bank. A mistake in the IBAN is harder to fix than you might think.

What lands in your account can be less than the amount sent. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. Make clear with the sender who covers the fees.

Verifying the SWIFT code of Banco Sumitomo Mitsui Brasileiro S.A.

The safest source for a SWIFT code is the recipient’s own bank details. Compare that code against SUBRBRSP on this page.

Mistakes in the BIC tend to be annoying more than fatal – usually the money comes back, minus fees and time lost. Remember the IBAN: an error there is harder to undo than a wrong code.

Most online banking apps check the format of IBANs, but that does not prove the account belongs to the right person. More and more banks check the name against the account; take any warning seriously. When you pay someone new, some people start with a small test amount.

SUBRBRSP or SUBRBRSPXXX – which one to use?

The layout of a BIC is always the same: four characters for the institution, a two-letter country code and two for the location, sometimes followed by a branch code. Combined, those parts form SUBRBRSP.

Most banks and apps work with either length. If a form asks for eleven characters, enter SUBRBRSPXXX.

Type the code in one piece, in capitals and without separators, exactly as shown here. Look out for the letter O and the digit 0 or I versus 1, a common source of typos.