Layang Mega, Pt SWIFT/BIC code

What LAYMIDJ1 means for a payment to Layang Mega, Pt

The 8-character code LAYMIDJ1 and the 11-character code LAYMIDJ1XXX refer to one and the same institution: Layang Mega, Pt, with its head office in Jakarta. A SWIFT code shows the sending bank which institution is meant to get the money, a bit like a postal address for banks. It comes up mainly for payments that cross a border and payments in foreign currencies.

Further down you will find the practical questions: money coming in from abroad, paying someone in another country and how to verify the code before you hit send. The SWIFT code on its own does not identify an individual account holder; that is what the account number or IBAN .

Incoming international payments to Layang Mega, Pt

To receive an international payment at Layang Mega, Pt, the sender has to have more than the SWIFT code. The basics are: your name, account number or IBAN, LAYMIDJ1XXX and in many cases your postal address.

Certain banks want the name and address of Layang Mega, Pt in Jakarta, so keep it at hand. Double-check every detail before you share them.

Expect that the amount credited is below what the sender paid. Charges on incoming payments differ per bank – the price list of Layang Mega, Pt tells you what applies. On invoices, you can agree who bears the costs to avoid a shortfall.

Changed bank details? Be careful

Criminals often send fake invoices with new bank details sent from what looks like a familiar address. The fact that LAYMIDJ1 exists is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Verify new payment details via a separate channel like a call to a number from an earlier contract. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Call the bank you paid from straight away and have them try to recall the payment and report the fraud.

Recipients can be targeted as well: one known trick is an overpayment and then sends a request to refund the difference to another account. Wait until the money has really arrived and check with Layang Mega, Pt if anything seems off.

Before you send: check the Layang Mega, Pt code

The most reliable source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Compare it with LAYMIDJ1 here; if they differ, ask before you pay.

Errors in the SWIFT code tend to be annoying rather than disastrous – usually the money comes back, minus fees and time lost. An error in the account number is more serious, because the money may be credited to someone else.

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Some banks now compare the payee name with the account before you confirm. For a first payment, some people start with a small test amount and wait for confirmation.

A note on our data

We collect bank codes using publicly available data and check them regularly. It is possible that a code on this page is no longer current, for example after a merger. Counts and locations come from our directory and may differ from what Layang Mega, Pt publishes.

Treat our data as a reference, rather than as the final word – the bank details from the recipient are leading. GoldexPay is an independent comparison site for money transfers and not part of Layang Mega, Pt. Should you notice a mistake, we appreciate a short note via the contact page.

LAYMIDJ1 or LAYMIDJ1XXX – which one to use?

The structure of a BIC never changes: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. Combined, those parts form LAYMIDJ1.

The full version adds a three-character extension that identify a branch or department. When those three characters are XXX, they simply mean the head office, so LAYMIDJ1XXX and LAYMIDJ1 are interchangeable.

Type the code as one block, in capitals and without spaces. A wrong letter can send the money to a different institution, so check it twice.

International transfers from Layang Mega, Pt: the real cost

When you send money abroad from Layang Mega, Pt, the visible fee is rarely all of the cost. Besides the transfer fee, correspondent or intermediary banks can take a cut, and when the money changes currency, the bank often applies a rate that is less favourable than the actual market rate.

Banks do not list their exchange rate markup separately. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of routes, a transfer service is cheaper than a traditional bank transfer. Next time you send money, it is worth comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require leaving Layang Mega, Pt – you pay the provider from your own account.

Which of the 2 codes of Layang Mega, Pt do you need?

Having 2 codes in 2 cities, Layang Mega, Pt belongs to the banks that register individual codes for branches and departments. The head office code remains LAYMIDJ1XXX.

Usually you do not need to look up a branch: transfers sent to LAYMIDJ1XXX are routed within Layang Mega, Pt without problems. Just use a branch code when the recipient explicitly asks for it.

When in doubt, ask the person you are paying which code their bank gave them. Codes are sometimes changed or retired over time, so do not rely on old paperwork.

Tracking a transfer to or from Layang Mega, Pt

How quickly a payment arrives at Layang Mega, Pt depends on several factors: which currency you send, the number of banks in between, cut-off times and differences in time zone. Bank holidays in the sending or receiving country add extra days. Sometimes a bank asks what the payment is for, which can hold things up.

Many banks use SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR. Save your transfer receipt until the money has arrived – you will need it for any trace request.

Only the sending bank can start an official trace or a recall; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt – it helps your own bank look for the money.