Naito Securities Co SWIFT/BIC code

What NAIEJPJ1 means for a payment to Naito Securities Co

NAIEJPJ1 and NAIEJPJ1XXX are the short and the long form of the same SWIFT/BIC code, and both point to Naito Securities Co in Tokyo. Every bank on the SWIFT network uses these codes to route payments between countries to the correct institution. You will need it mostly for payments that cross a border or a currency.

On this page you will find what the code is put together, when you need it and which other details you need for a transfer to or from Naito Securities Co. Keep in mind that the BIC just identifies the bank, not the account: the account number or IBAN takes care of that.

Paying into Naito Securities Co in JPY

Japan pays in the Japanese Yen. When you pay money in a different currency, the amount has to be converted somewhere along the way. There is rarely a separate line for the conversion.

Who converts the payment matters: every bank has its own margin. In many cases you pay less if you send JPY directly through a transfer service with a good rate.

The JPY rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. For recurring payments, small differences in the rate add up over a year.

Transfer times and tracking a payment to Naito Securities Co

There is no single delivery time for international payments: many arrive within a day while others need several business days. Transfers sent after the cut-off time or just before weekends and holidays usually start a business day later. Occasionally a bank asks what the payment is for before releasing it.

When a payment takes longer than expected, contact your bank for the tracking status; with that reference banks can see where the payment is. Save the payment confirmation; it contains the details a bank needs to start a trace.

The bank that sent the money is able to request a trace; the receiving side usually has nothing to trace yet. On the receiving end, you can look at your account for a slightly lower amount.

Choosing between the 2 SWIFT codes of Naito Securities Co

Naito Securities Co uses 2 separate SWIFT/BIC codes across 2 locations. One of them is the head office code, NAIEJPJ1XXX; the others belong to branches.

Unless the recipient tells you otherwise, go with NAIEJPJ1XXX. When you receive a branch code, stick to it instead of swapping it with the head office code.

Not sure which code applies? Check with the recipient. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.

How up to date is this code?

The codes here are taken from public sources which we refresh regularly. It is possible that a code on this page is no longer current. Figures such as the number of codes come from our own dataset.

Before any payment that matters, check the BIC with Naito Securities Co or with the recipient. We are an independent comparison site and not affiliated with Naito Securities Co. Spotted an error? Tell us through the contact page.

International transfers from Naito Securities Co: the real cost

What you pay for a payment abroad is made up of several parts, and the transfer fee is only the most visible one. On top of a fixed fee, banks in between may deduct a fee, and if the money changes currency the bank often uses a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts at a rate with a margin built in. An easy check: put the rate you get next to the mid-market rate and look at the difference.

Specialist money transfer services frequently offer rates closer to the mid-market rate. Before your next transfer, it is worth to compare what arrives via GoldexPay. You can always use your account at Naito Securities Co to fund the transfer.

8 or 11 characters: NAIEJPJ1 versus NAIEJPJ1XXX

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and two characters for the location. For Naito Securities Co, the 8-character core is NAIEJPJ1.

The 11-character version has a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office.

Type the code in one piece, in upper case and without spaces, exactly as shown here. Watch for the letter O and the digit 0 and I versus 1.

Verifying the SWIFT code of Naito Securities Co

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given differs from NAIEJPJ1 or NAIEJPJ1XXX, stop and ask – contact the recipient or Naito Securities Co.

Mistakes in the BIC tend to be annoying rather than disastrous – usually the money comes back, minus fees and time lost. A mistake in the IBAN or account number can be a bigger problem because it can reach the wrong person, so check that just as carefully.

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 compare the name against the account before you confirm – do not ignore a mismatch warning. When you pay someone new, some people start with a small amount first before sending the rest.

Scams that use SWIFT codes

Criminals regularly send payment requests with new bank details. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Do not rely on contact details from the same email that contains the change. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Already paid? Contact the bank you paid from without delay and have them start a recall.

People receiving money 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 is actually in your account.

Receiving money from abroad at Naito Securities Co

When you are waiting for money from abroad, send the payer all details at once. What they need is: your name, account number or IBAN, NAIEJPJ1XXX or NAIEJPJ1 and in many cases your postal address.

You can include Naito Securities Co and Tokyo too, because some payment forms have separate fields for them. A mistake in your account number can be harder to fix than you might think.

Money from abroad 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 money is converted, an exchange rate margin comes on top. Agree with the sender who pays which costs before the money is sent.