Maruhachi Securities Co SWIFT/BIC code

What MARCJPJ1 means for a payment to Maruhachi Securities Co

If an invoice shows MARCJPJ1 or MARCJPJ1XXX, it is the identical identifier for Maruhachi Securities Co in Japan. A SWIFT code tells every bank in the chain which institution is meant to get the money, much like a postcode for banks. It comes up mostly for transfers between countries.

Below we go through the practical questions: receiving money at Maruhachi Securities Co, sending money abroad and how to verify the code before you hit send. Keep in mind that the SWIFT code just identifies the bank, not the person: the IBAN or account number takes care of that.

Why Maruhachi Securities Co has an 8- and an 11-character code

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and two characters for the location. In this case, that core is MARCJPJ1.

Most payment forms work with both lengths. If a form requires eleven characters, enter MARCJPJ1XXX; if it wants eight, use MARCJPJ1.

Enter the code in one piece, in upper case and without spaces. Copying the code beats typing it by hand, because one wrong letter changes the bank.

Head office or branch code at Maruhachi Securities Co?

With 2 codes in 2 cities, Maruhachi Securities Co belongs to the banks that register separate codes for parts of the organisation. The main code remains MARCJPJ1XXX.

For the vast majority of payments to a private or business account, the head office code MARCJPJ1XXX works fine. Branch codes are only needed if the account holder specifically mentions it.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more prone to be retired than MARCJPJ1XXX.

International transfers from Maruhachi Securities Co: the real cost

An international bank payment costs rather more than the fee suggests. There is the transfer fee, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate when the money is converted.

Many banks do not list the margin on the rate as a cost. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

For many routes, a specialist provider is cheaper than a bank. GoldexPay lists these services side by side, showing the amount the recipient gets for the same amount sent. You can always use your account at Maruhachi Securities Co to fund the transfer.

Protect yourself against fake payment requests

Scammers regularly send fake invoices with changed bank details. A real SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Always verify changed bank details by phone, using a number you already had. Pressure or secrecy tend to be warning signs. If a payment has already gone to the wrong account, call your bank right away.

Scams can also target the receiver: someone claims to have sent too much and asks you to return the difference. A payment confirmation from the sender proves nothing – check your own account.

The Japanese Yen and what conversion costs you

Accounts at Maruhachi Securities Co are typically held in JPY, the national currency. If you send money in a different currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Maruhachi Securities Co itself. You rarely see a separate line for that conversion – the cost sits in the rate.

Where the conversion happens has an effect on how much arrives. Compare how much JPY the recipient gets with different providers.

The rate for JPY changes constantly and quotes are often valid only for a short time. On larger amounts, even small difference in the rate can be worth more than the fee.

Verifying the SWIFT code of Maruhachi Securities Co

Have the recipient copy their account details straight from a recent statement. Check that code with MARCJPJ1 on this page; if they differ, ask before you pay.

If the code is wrong, the transfer may be delayed, bounce back or end up costing more – sometimes after weeks of searching. An error in the IBAN or account number is a bigger problem.

An automatic check in your banking app only tells you that the code exists. If your bank offers it, a payee name check before sending adds an extra layer of safety. For a first payment, some people start with a small amount first.

Incoming international payments to Maruhachi Securities Co

If you expect a payment from another country, give the sender everything they need in one go. Share your name as the bank knows it, the IBAN or account number, the BIC MARCJPJ1XXX and your address.

Their bank might also ask for the bank address of Maruhachi Securities Co, in which case the Tokyo head office is the usual answer. A typo in your account number is more trouble than you might think.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin comes on top. For business payments, you can state how the fees are split to avoid a shortfall.

Tracking a transfer to or from Maruhachi Securities Co

How quickly a payment reaches Maruhachi Securities Co is determined by a few things: which currency you send, the number of banks in between, cut-off times and differences in time zone. Transfers sent after the cut-off time or just before weekends and holidays usually go out the next business day. Extra checks by one of the banks can also add a delay.

If a transfer is delayed, ask the sending bank about the status and the transaction reference so they can trace it along the chain. Specialist transfer services usually provide a status online showing where the payment has got.

If the money does not arrive after a few business days, the sender should contact their own bank rather than Maruhachi Securities Co. As a recipient, you can check your account for a slightly lower amount, since fees may have been deducted.

Where our SWIFT data comes from

We collect SWIFT/BIC codes using public sources and check our list regularly. It is possible that a code on this page is out of date, for example after a merger. The number of codes on this page are based on what is in our directory.

For a payment of any size, check the BIC with Maruhachi Securities Co or with the recipient. GoldexPay is not affiliated with Maruhachi Securities Co. Should you notice a mistake, we welcome a short note.