Bank of Tokyo-Mitsubishi Ufj, LTD., The SWIFT/BIC code

Bank of Tokyo-Mitsubishi Ufj, LTD., The SWIFT code: BOTKINBX

Whether a recipient gives you BOTKINBX or BOTKINBXXXX, it is the identical identifier for Bank of Tokyo-Mitsubishi Ufj, LTD., The in India. A SWIFT code shows the sending bank exactly which bank should receive the money, a bit like a postal address for banks. You will need it mainly when dealing with transfers between countries or a currency.

We wrote this page to help people who sends money to an account at Bank of Tokyo-Mitsubishi Ufj, LTD., The. A SWIFT code identifies a bank or branch, not a specific account, which is why you always need the account number too.

Which of the 4 codes of Bank of Tokyo-Mitsubishi Ufj, LTD., The do you need?

Bank of Tokyo-Mitsubishi Ufj, LTD., The has 4 separate SWIFT/BIC codes. One of them is the head office code; the others belong to branches or departments.

For most payments to a private or business account, the head office code BOTKINBXXXX works fine. Just use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Branch codes are more prone to change than the head office code when a bank merges or closes offices.

Is BOTKINBX still correct? How to check

The best place to find the right code remains a document from the bank itself, such as a statement or the account details in online banking. When the code you were given differs from BOTKINBX or BOTKINBXXXX, do not guess.

A wrong SWIFT code can cause delays, a returned payment or additional charges along the way. Remember the IBAN: an error there can be harder to undo than a wrong code.

An automatic check in your banking app only confirms that the code is valid, not that it is the right account. Some banks now check the payee name against the account; take any warning seriously. When you pay someone new, many people send a small test amount and wait for confirmation.

Indian Rupee (INR) and conversion costs

India uses the Indian Rupee, with the currency code INR. When you pay another currency, the amount has to be converted somewhere along the way: by your bank, an intermediary or Bank of Tokyo-Mitsubishi Ufj, LTD., The itself. Each conversion eats into the amount.

Who does the conversion affects the final amount, as rates and margins differ per bank. In many cases you pay less if you send INR straight away via a transfer service with a good rate.

The rate for INR fluctuates constantly and quotes are often valid only for a short time. For regular payments, small differences in the rate make a real difference over a year.

What the XXX in BOTKINBXXXX means

The structure of every SWIFT code never changes: four characters for the institution, two for the country and a two-character location code, sometimes followed by a branch code. The result is BOTKINBX, the short form of the code.

The long version adds a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, so BOTKINBXXXX and BOTKINBX are interchangeable.

Leave out spaces when you enter BOTKINBX or BOTKINBXXXX. Watch for O versus 0 and the letter I and the digit 1; they are easy to mix up.

Sending money abroad from Bank of Tokyo-Mitsubishi Ufj, LTD., The

If you transfer money to another country via Bank of Tokyo-Mitsubishi Ufj, LTD., The, the visible fee is rarely all of what you pay. Besides the transfer fee, banks in between may deduct a fee, and when currencies are converted the bank usually applies a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate: many banks convert at a rate with a margin built in. A simple test: put the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

Money transfer services often use a rate near the mid-market rate with clearer fees. GoldexPay lists these services side by side, showing the amount the recipient gets. You can always use your account at Bank of Tokyo-Mitsubishi Ufj, LTD., The as the source of the money, while a cheaper service handles the conversion.

When will the money arrive at Bank of Tokyo-Mitsubishi Ufj, LTD., The?

How quickly a payment arrives at Bank of Tokyo-Mitsubishi Ufj, LTD., The is determined by a few things: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Transfers sent after the cut-off time or on a weekend or public holiday usually start a business day later. Compliance checks on larger or unusual payments may also add a delay, even when all details are correct.

When a payment takes longer than expected, ask your bank about the status and the transaction reference; with that reference banks can see where the payment is. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

A delayed transfer is traced from the sending side. Ask the sender for the payment receipt.

Changed bank details? Be careful

Fraudsters often use fake invoices with new bank details. A real SWIFT code tells you nothing about whether the request is genuine.

Check changed payment details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Pressure and requests to keep it quiet are warning signs; a genuine business can wait for you to check. Acted too fast? Contact the bank you paid from straight away and ask them to start a recall.

Recipients can be targeted as well: one known trick is a buyer who pays too much followed by a request to send back the difference to another account. A screenshot of a transfer is no proof – check your own account.

About this information

The details on this page are taken from publicly available data which we refresh regularly. It is possible that a code here is out of date after a merger or reorganisation. The figures we show reflect what is in our directory and not on information from Bank of Tokyo-Mitsubishi Ufj, LTD., The itself.

Before any payment of any size, check the BIC with Bank of Tokyo-Mitsubishi Ufj, LTD., The or with the recipient. GoldexPay is not affiliated with Bank of Tokyo-Mitsubishi Ufj, LTD., The; we are a comparison site for money transfers. If you notice a mistake, we welcome a message via the contact page.

What to give a sender who pays you at Bank of Tokyo-Mitsubishi Ufj, LTD., The

For a transfer from abroad at Bank of Tokyo-Mitsubishi Ufj, LTD., The, the person paying you has to have not just the SWIFT code. Share the account holder’s name, the IBAN or account number, the BIC BOTKINBXXXX and your address, which some banks require.

It helps to include Bank of Tokyo-Mitsubishi Ufj, LTD., The and its city too, because some payment forms have separate fields for them. A typo in your account number can be harder to fix than you might think, so copy the details from your online banking.

The amount you receive can be less than what was sent. Charges on incoming payments differ per bank; check the price list of Bank of Tokyo-Mitsubishi Ufj, LTD., The. Agree with the sender who pays which costs, especially for larger amounts.