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

What BOTKJPJT means for a payment to Bank of Tokyo-Mitsubishi Ufj, LTD., The

The short code BOTKJPJT and the 11-character code BOTKJPJTXXX identify the same bank: Bank of Tokyo-Mitsubishi Ufj, LTD., The, with its head office in Tokyo. The code has a single purpose: it makes sure that an international payment ends up at the right bank. It comes up mainly for payments that cross a border.

On this page we explain how the code is put together, when you need it and what else a transfer to or from Bank of Tokyo-Mitsubishi Ufj, LTD., The requires. A SWIFT code names a bank or branch, never a single account; the IBAN or account number does that.

Scams that use SWIFT codes

Stay wary when a contact unexpectedly asks you to pay into another account. A real SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Do not rely on a phone number in the same message that contains the change. Watch out for time pressure, odd spelling or an email address that differs by one letter. When a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: one known trick is an overpayment and then sends a request to refund the difference abroad. Do not act before the money has really arrived – ask Bank of Tokyo-Mitsubishi Ufj, LTD., The if something looks wrong.

What the XXX in BOTKJPJTXXX means

A SWIFT code is built from a few fixed parts: characters one to four identify the bank, characters five and six show the country and characters seven and eight indicate the location. For Bank of Tokyo-Mitsubishi Ufj, LTD., The, that core is BOTKJPJT.

Most banks and apps accept both lengths. If a form asks for eleven characters, use BOTKJPJTXXX.

Enter the code as one block, in capitals and without spaces, exactly as shown here. Watch for O versus 0 and I versus 1; they are easy to mix up.

What a transfer from Bank of Tokyo-Mitsubishi Ufj, LTD., The abroad really costs

If you transfer money to another country via Bank of Tokyo-Mitsubishi Ufj, LTD., The, the fee you see is rarely all of what you pay. Besides a fixed fee, banks in between may take a cut, and if the money changes currency, the bank often applies a rate that is less favourable than the actual market rate.

Many banks rarely show their exchange rate markup as a cost – you only notice it if you compare. Compare their rate with the mid-market rate – the rate you find on financial news sites.

Money transfer services frequently offer a rate near the mid-market rate. GoldexPay lists transfer providers side by side so you can see the amount the recipient gets. Using a transfer service does not require leaving Bank of Tokyo-Mitsubishi Ufj, LTD., The: you simply pay the service from your account.

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

When you are waiting for a payment from another country, send the payer a complete set of details. Give them your name as the bank knows it, the IBAN or account number, SWIFT code BOTKJPJTXXX and your address.

You can add Bank of Tokyo-Mitsubishi Ufj, LTD., The and its city as well, because some payment forms have separate fields for them. A mistake in the IBAN can be more trouble than it looks.

An incoming payment does not always arrive for the full amount. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin comes on top. For business payments, you can state who bears the costs, so that nobody is left short.

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

There is no single answer for international payments: many land within a day while others need several business days. Transfers sent late in the day or just before a weekend or public holiday often start the next business day. Occasionally a bank asks what the payment is for before releasing it.

If the money is late, contact the sending bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Keep your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

A delayed transfer has to be investigated from the sending side on the basis of the transfer details. On the receiving end, it helps to check your statements to see a partial amount, since fees may have been deducted.

Head office or branch code at Bank of Tokyo-Mitsubishi Ufj, LTD., The?

Bank of Tokyo-Mitsubishi Ufj, LTD., The uses 12 separate SWIFT/BIC codes across 8 cities. Only one is the head office code; the rest belong to branches, and sometimes internal departments.

If nobody asks you for a branch code, go with BOTKJPJTXXX. Branch codes are only needed if the recipient’s bank explicitly mentions it.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Before you send: check the Bank of Tokyo-Mitsubishi Ufj, LTD., The code

Have the recipient copy the bank details straight from a recent statement. If the code you have differs from BOTKJPJT or BOTKJPJTXXX, do not guess – contact the recipient or Bank of Tokyo-Mitsubishi Ufj, LTD., The.

Errors in the BIC tend to be annoying more than fatal – usually the money comes back, minus fees and time lost. An error in the account number can be more serious because it can reach the wrong person; check it just as carefully.

Many banking apps check the format of an IBAN, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check on the recipient gives extra certainty. Sending a small amount first can be a sensible step for a large first payment.

A note on our data

The directory on GoldexPay is compiled from publicly available sources. Even so, banks merge or retire codes. The figures we show reflect our own data and not on information from Bank of Tokyo-Mitsubishi Ufj, LTD., The itself.

Treat our directory here as a helpful check. We are a comparison service for money transfers and not affiliated with Bank of Tokyo-Mitsubishi Ufj, LTD., The. If you notice a mistake, we welcome a short note via the contact page.

Sending JPY to Bank of Tokyo-Mitsubishi Ufj, LTD., The

Most accounts at Bank of Tokyo-Mitsubishi Ufj, LTD., The are typically held in JPY, the local currency. When you pay another currency it has to be converted somewhere along the way – by your bank, by Bank of Tokyo-Mitsubishi Ufj, LTD., The or by a bank in between. There is rarely a separate line for the conversion – the cost sits in the rate.

Who does the conversion affects how much arrives. Transferring the amount directly in JPY often prevents an extra conversion.

Exchange rates change all the time – some services let you fix a rate in advance. With bigger transfers, a seemingly small difference in the rate can be worth more than the fee.