Goldman Sachs Japan Co., LTD. SWIFT/BIC code

Goldman Sachs Japan Co., LTD. SWIFT code: GOLDJPJX

GOLDJPJX and GOLDJPJXXXX are two spellings of the same SWIFT/BIC code, and both lead to Goldman Sachs Japan Co., LTD. in Tokyo. A SWIFT code tells the banks handling a payment exactly which bank should receive the money. In practice you usually come across the code on invoices from abroad, in payment forms and on the account details that Goldman Sachs Japan Co., LTD. provides.

This page is meant to help people who sends money to an account at Goldman Sachs Japan Co., LTD.. Remember that the BIC just identifies the bank, not the person: the IBAN or account number does that part.

Receiving money from abroad at Goldman Sachs Japan Co., LTD.

A sender in another country needs a few details about your account, and missing ones are a common cause of delays. What they need is: your name, account number or IBAN, GOLDJPJXXXX or GOLDJPJX and often your home address.

Their bank may request the address of your bank, in which case the Tokyo head office is the usual answer. A mistake in the IBAN is more trouble than it looks, so copy the details from your online banking.

The amount you receive is often lower than the amount sent. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin applies. For business payments, it is common to state how the fees are split.

Head office or branch code at Goldman Sachs Japan Co., LTD.?

Goldman Sachs Japan Co., LTD. uses 2 separate SWIFT/BIC codes. One of them is the head office code, GOLDJPJXXXX; the others belong to branches or departments.

In most cases there is no need to look up a branch: transfers addressed to GOLDJPJXXXX are routed within Goldman Sachs Japan Co., LTD. without problems. When you receive a branch code, stick to it instead of swapping it for the head office code.

The safest approach is to take the code directly from the account holder’s invoice. Codes for branches are more likely to be retired than the head office code.

The Japanese Yen and what conversion costs you

Most accounts at Goldman Sachs Japan Co., LTD. are usually held in JPY, the local currency of Japan. Money sent in a different currency is exchanged into JPY. Every conversion eats into the amount, even when no fee is shown.

Who does the conversion has an effect on the final amount, since every bank sets its own rate. Often it is cheaper to send JPY directly through a transfer service that converts near the mid-market rate.

The rate for JPY fluctuates constantly, so the amount you see is usually only valid for a short time. With bigger transfers, even seemingly small gap in the rate adds up quickly.

Changed bank details? Be careful

Stay alert if a contact suddenly wants you to pay into another account or a bank in another country. The fact that GOLDJPJX exists does not mean that the account is legitimate – fraudsters use real bank codes as well.

Always confirm a change of bank details through a phone call on a number you know, not one from the message. Watch out for time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Contact the bank you paid from without delay and have them try to recall the payment and report the fraud.

Recipients can be targeted as well: one known trick is a buyer who pays too much and then sends a request to send back the difference abroad. Wait until the money has really arrived.

8 or 11 characters: GOLDJPJX versus GOLDJPJXXXX

Each SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. In this case, that core is GOLDJPJX.

The 11-character version has three more characters that identify a branch or department. When those three characters are XXX, they simply mean the head office, so GOLDJPJXXXX and GOLDJPJX are interchangeable.

Leave out spaces or dashes when you enter GOLDJPJX; the code is always written in one block. A wrong letter can send a payment to a different institution.

How to check GOLDJPJX before you pay

Have the recipient send you their account details directly from a recent statement. If the code you have differs from GOLDJPJX or GOLDJPJXXXX, stop and ask: check with the recipient or with Goldman Sachs Japan Co., LTD. directly.

Errors in the BIC tend to be costly more than fatal – usually the money comes back, minus fees and time lost. Do not forget the IBAN: an error there can be harder to correct than a wrong BIC.

A format check by your bank only confirms that the IBAN exists. Some banks now check the payee name with the account before you confirm – do not ignore a mismatch warning. Sending a small amount first can be worth it for a large first payment, even if it costs an extra fee.

Tracking a transfer to or from Goldman Sachs Japan Co., LTD.

An international transfer usually needs one to a few business days. Payments made after the cut-off time or just before weekends and holidays usually go out the next business day. Compliance checks on larger or unusual payments can also add a delay, regardless of the details.

If the money seems delayed, ask your bank about the tracking status; with that reference banks can see where the payment is. Keep the payment confirmation until the recipient confirms – you will need it for any trace request.

A missing payment has to be investigated from the sending side, using the payment confirmation. Request from the sender the payment receipt with the date and reference.

A note on our data

The codes on this page are taken from publicly available data. Banks merge, close branches and retire codes – a directory can be a step behind. The figures we show are based on our own data.

Use this page as a reference, not as the final word. We are an independent comparison service for money transfers and not affiliated with Goldman Sachs Japan Co., LTD.. Should you notice a mistake, we welcome a short note.

International transfers from Goldman Sachs Japan Co., LTD.: the real cost

When you transfer money to another country via Goldman Sachs Japan Co., LTD., the fee you see is rarely all of what you pay. Besides the transfer fee, correspondent or intermediary banks can deduct a fee, and if currencies are converted, the bank usually uses a rate that is less favourable than the actual market rate.

Many banks do not list the margin on the rate separately. An easy check: put the bank’s rate next to the mid-market rate and look at the difference.

For many currency pairs, a transfer service is cheaper than a bank, mainly because of the exchange rate. Before your next transfer, take a minute to compare the total cost via GoldexPay. Choosing a specialist does not mean closing your account at Goldman Sachs Japan Co., LTD. – you pay the provider from your own account.