Shinsei Bank, LTD. SWIFT/BIC code

SWIFT/BIC code of Shinsei Bank, LTD.

Whether a recipient gives you LTCBJPJT or LTCBJPJTXXX, it is the same identifier for Shinsei Bank, LTD. in Japan. Banks worldwide use BIC codes to route payments between countries to the right institution. In daily life you usually come across it on international invoices, in payment forms and in the bank details of Shinsei Bank, LTD. customers.

On this page we explain what the code means, when it matters and what else a transfer to or from Shinsei Bank, LTD. requires. The SWIFT code alone does not identify an individual account holder; that is what the IBAN or account number is for.

Sending money abroad from Shinsei Bank, LTD.

The price of a payment abroad has several parts. Besides a fixed fee, banks in between can take a cut, and when the money changes currency, the bank usually applies a rate below the actual market rate.

That exchange rate margin tends to be the largest cost because it is hidden in the rate. An easy check: put the rate you get next to the mid-market rate and work out the difference on your amount.

For many currency pairs, a transfer service is less expensive than a bank, mainly because of the exchange rate. GoldexPay compares the amount that arrives across providers. Using a transfer service does not require closing your account at Shinsei Bank, LTD. – you pay the provider from your own account.

A note on our data

We collect bank codes using public sources and update them regularly. Even so, banks merge or change codes and our data may lag behind. Figures such as the number of codes are from our directory.

Treat this page as a reference, rather than as the final word – the bank details from the recipient are leading. GoldexPay is an independent comparison service for money transfers and not part of Shinsei Bank, LTD.. Should you notice something that is out of date, we welcome a message via the contact page.

When will the money arrive at Shinsei Bank, LTD.?

A SWIFT payment typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Transfers sent after the cut-off time or just before weekends and holidays often go out the next business day. Extra checks on larger or unusual payments can also add some delay, regardless of the details.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique reference, the UETR. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money is able to start an official trace; the receiving side usually has nothing to trace yet. Request from the sender a copy of the payment confirmation including the reference – it helps your own bank look for the money.

Watch out for payment fraud

Be wary if someone unexpectedly wants you to pay into another account or a bank in another country. A real SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Check new bank details via a different channel, such as a phone number you already know, never via the email that asked for the change. Urgency and secrecy are red flags; a genuine business can wait for you to check. Already paid? Contact the bank you paid from without delay and ask them to try to recall the payment.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to refund the difference abroad. Do not act before the money is actually in your account and check with Shinsei Bank, LTD. if anything seems off.

8 or 11 characters: LTCBJPJT versus LTCBJPJTXXX

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. For Shinsei Bank, LTD., that core is LTCBJPJT.

Most banks and apps accept either length. If yours requires eleven characters, enter LTCBJPJTXXX, otherwise LTCBJPJT is fine.

Enter the code in one piece, in capitals and without separators. A wrong character can send a payment to a different institution, so copy it carefully.

Shinsei Bank, LTD.: head office code versus branch codes

Shinsei Bank, LTD. uses 2 separate SWIFT/BIC codes. One of them is the head office code; the rest identify branches or departments.

Usually you do not need to pick a branch: transfers sent to LTCBJPJTXXX are routed within Shinsei Bank, LTD. without problems. If you have been given a branch code, use it as it is rather than replacing it for the head office code.

The best way is to copy the code directly from the account holder’s bank details. Codes for branches are more prone to be retired than the head office code.

Receiving money from abroad at Shinsei Bank, LTD.

A sender in another country needs a few details about your account – incomplete details often cause delays. Share the account holder’s name, your account number or IBAN, SWIFT code LTCBJPJTXXX and your address.

The sender’s bank may also ask for the address of your bank; the head office in Tokyo is usually fine. A typo in your account number is more trouble than you might think.

The amount you receive is often less than the amount sent. Charges on incoming payments differ per bank. On invoices, it is common to state who bears the costs, so that nobody is left short.

The Japanese Yen and what conversion costs you

The currency of Japan is the Japanese Yen (JPY). When you pay another currency has to be converted at some point – by your bank, by Shinsei Bank, LTD. or by a bank in between. There is rarely a separate charge for the conversion – the cost sits in the rate.

Who does the conversion affects the final amount, as rates and margins differ per bank. Often you pay less to send JPY directly through a transfer service with a good rate.

The JPY rate fluctuates throughout the day. With bigger transfers, even seemingly small difference in the rate adds up quickly.

How to check LTCBJPJT before you pay

The best place to find the correct BIC is a document from the bank itself like a bank statement or the account page in online banking. If the code you have does not match LTCBJPJT or LTCBJPJTXXX, do not guess.

If the code is wrong, the transfer might be delayed, be returned or cost extra, and tracing it can take weeks. Remember the account number: an error there can be more difficult to undo than a wrong code.

A validity check in your banking app only confirms that the IBAN exists. More and more banks check the name with the account before you confirm. For a first payment, some people start with a small amount first and wait for confirmation.