Union Bank of Israel LTD SWIFT/BIC code

SWIFT/BIC code of Union Bank of Israel LTD

If an invoice shows UNBKILIT or UNBKILITXXX, it is the identical identifier for Union Bank of Israel LTD in Israel. A SWIFT code tells the banks handling a payment exactly which bank should receive the money. It comes up mostly for transfers between countries.

We wrote this page to help anyone who pays into an account at Union Bank of Israel LTD without mistakes. The BIC identifies an institution, not a single account.

How to check UNBKILIT before you pay

The most reliable source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Compare that code with UNBKILIT on this page; if they differ, ask before you pay.

If the code is wrong, the payment may get stuck, be returned or end up costing more, and tracing it can take weeks. Do not forget the IBAN: a mistake there is harder to correct than a wrong code.

An automatic check by your bank merely tells you that the code is valid – not that it belongs to the person you mean to pay. Some banks now check the name against the account before you confirm – do not ignore a mismatch warning. Sending a small amount first is worth it for a large first payment despite the extra fee.

How up to date is this code?

Our SWIFT/BIC directory is based on publicly available sources and we update it periodically. Even so, banks merge, rename themselves or change codes, so information can be out of date. The number of codes we show are based on what is in our directory, not official figures from Union Bank of Israel LTD.

Treat our directory on this page as a handy check, and let the details from the recipient or Union Bank of Israel LTD have the final say. GoldexPay is independent of Union Bank of Israel LTD; we are a comparison site for money transfers. Should you notice a mistake, we appreciate a short note.

Changed bank details? Be careful

Stay alert when a contact suddenly asks you to send money to another account or a bank in another country. A real SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Always verify a change of bank details through a phone call. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. If money was sent to a fraudster, call your bank right away.

Fraud can also work the other way: someone claims to have sent more than agreed and asks you to return the extra. Do not act before the money has really arrived and check with Union Bank of Israel LTD if anything seems off.

Receiving money from abroad at Union Bank of Israel LTD

If you expect money from abroad, give the sender all details at once. Give them the account holder’s name, your account number or IBAN, the BIC UNBKILITXXX and your address, which some banks require.

The sender’s bank might also ask for the bank address of Union Bank of Israel LTD; the head office in Tel-Aviv is usually fine. Double-check every detail before you share them.

An incoming payment does not always arrive for the full amount. Fees for incoming transfers differ from bank to bank. Make clear with the sender who pays which costs before the money is sent.

Union Bank of Israel LTD: head office code versus branch codes

With 6 codes in 4 cities, Union Bank of Israel LTD belongs to the banks that register separate codes for branches. The head office code is UNBKILITXXX.

For the vast majority of incoming transfers, the head office code UNBKILITXXX is what you need. If you have been given a branch code, use it as it is rather than replacing it with the head office code.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more prone to change than UNBKILITXXX.

Tracking a transfer to or from Union Bank of Israel LTD

How fast a transfer reaches Union Bank of Israel LTD depends on several factors: the currency, the number of banks in between, cut-off times and time zones. Bank holidays in either country can add a day or more, since banks do not process on those days. Occasionally a bank wants to know what the payment is for, which can hold things up.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries 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 recipient’s bank often cannot see a payment that has not arrived. Ask the sender for the payment receipt including the reference.

What a transfer from Union Bank of Israel LTD abroad really costs

When you transfer money abroad through Union Bank of Israel LTD, the visible fee is rarely all of the cost. There is the transfer fee, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate if the currency changes.

That exchange rate margin tends to be the biggest item. Check their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For many currency pairs, a specialist provider is cheaper than a traditional bank transfer, mainly because of the exchange rate. Next time you send money, it is worth to compare what arrives on GoldexPay instead of going straight to your bank. Choosing a specialist does not mean leaving Union Bank of Israel LTD – you pay the provider from your own account.

UNBKILIT or UNBKILITXXX – which one to use?

Each SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. Together, those parts make up UNBKILIT.

The full version adds three more characters for a branch or department. If the last three are XXX, the code points to the head office, so UNBKILITXXX and UNBKILIT are interchangeable.

In practice the code is written in capitals. A wrong letter may route a payment to a different institution, so check it twice.