Sumitomo Mitsui Banking Corporation SWIFT/BIC code

What SMBCJPJT means for a payment to Sumitomo Mitsui Banking Corporation

Whether you are given SMBCJPJT or SMBCJPJTXXX, you are looking at the identical address for Sumitomo Mitsui Banking Corporation in Japan. A SWIFT code shows the banks handling a payment exactly which bank is meant to get the money, much like a postcode for banks. In practice you mostly come across the code on invoices from abroad, in your banking app and in the bank details that Sumitomo Mitsui Banking Corporation provides.

On this page we explain how the code is put together, when you need it and which other details you need for a transfer to or from Sumitomo Mitsui Banking Corporation. The BIC names an institution, not a single account, which is why you always need the account number too.

What to give a sender who pays you at Sumitomo Mitsui Banking Corporation

Someone abroad who wants to pay you needs a few details about your account – incomplete details often cause delays. Share your name as the bank knows it, your account number or IBAN, the BIC SMBCJPJTXXX and your address, which some banks require.

You can add Sumitomo Mitsui Banking Corporation and Tokyo as well, since some forms ask for it. Double-check each detail before you send them.

Expect that the incoming amount is below the amount on the sender’s receipt. Charges on incoming payments vary per bank – the price list of Sumitomo Mitsui Banking Corporation tells you what applies. Agree with the sender who covers the fees before the money is sent.

8 or 11 characters: SMBCJPJT versus SMBCJPJTXXX

The structure of every SWIFT code is always the same: four characters for the institution, two for the country and a two-character location code, sometimes followed by a branch code. In this case, that core is SMBCJPJT.

XXX at the end of SMBCJPJTXXX is not a placeholder or an error: it indicates the main office of Sumitomo Mitsui Banking Corporation. Certain payment forms insist on 11 characters, and then you simply add XXX behind SMBCJPJT.

Do not add spaces when you enter SMBCJPJT. A single character can send the money to a different institution.

Verifying the SWIFT code of Sumitomo Mitsui Banking Corporation

The most reliable place for the right code is paperwork issued by the bank, such as a statement or the account details in online banking. If the code you have does not match SMBCJPJT or SMBCJPJTXXX, do not guess – contact the recipient or Sumitomo Mitsui Banking Corporation.

Mistakes in the SWIFT code tend to be costly more than disastrous: often the payment comes back, minus fees. Do not forget the account number: an error there can be harder to undo than a wrong BIC.

A format check by your bank only confirms that the code exists. Where available, a payee name check before sending adds extra certainty. For a first payment, some people send a small test amount and wait for confirmation.

A note on our data

We collect bank codes from publicly available data and update them regularly. Still, banks merge, rename themselves or change codes. Figures such as the number of codes are from our own dataset.

Before a payment of any size, confirm the code with the recipient’s bank or the recipient. GoldexPay is a comparison service and not affiliated with Sumitomo Mitsui Banking Corporation. Found outdated information? Let us know through the contact page.

Japanese Yen (JPY) and conversion costs

Most accounts at Sumitomo Mitsui Banking Corporation are usually held in JPY, the local currency. A payment in a foreign currency is converted into JPY, and whoever converts it chooses the rate. There is rarely a separate charge for the conversion; it is built into the rate.

Who does the conversion affects how much arrives, as rates and margins differ per bank. In many cases you pay less to send JPY straight away via a transfer service with a good rate rather than letting the receiving bank convert.

The rate for JPY changes throughout the day and quotes are often valid only for a short time. For recurring payments, a slightly better rate make a real difference over a year.

When will the money arrive at Sumitomo Mitsui Banking Corporation?

How quickly a payment arrives at Sumitomo Mitsui Banking Corporation is determined by a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Weekends and public holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Sometimes a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, contact the sending bank about the status so they can trace it along the chain. Keep your transfer receipt.

Only the sending bank can request a trace or a recall. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

What a transfer from Sumitomo Mitsui Banking Corporation abroad really costs

What you pay for an international transfer is made up of more than one component – not just the fee on your screen. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, above all, the exchange rate markup when the money is converted.

The markup on the rate is often the largest item. An easy check: put the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of routes, a specialist provider is less expensive than a traditional bank transfer – mostly thanks to the rate. Next time you send money, it is worth to compare what arrives via GoldexPay rather than accepting the bank’s rate by default. You can still use your account at Sumitomo Mitsui Banking Corporation as the source of the money.

Head office or branch code at Sumitomo Mitsui Banking Corporation?

Our directory lists 3 SWIFT/BIC codes for Sumitomo Mitsui Banking Corporation. Next to the head office code SMBCJPJTXXX, there are codes for regional offices and specialised units.

In most cases you do not need to pick a branch: transfers addressed to SMBCJPJTXXX are routed within Sumitomo Mitsui Banking Corporation without problems. Just use a branch code when the account holder gives you that exact code.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes can change when banks reorganise.

Changed bank details? Be careful

A common scam goes like this: you receive a request claiming that a contact now has a new bank account. A real SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Check new bank details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Watch out for time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Call the bank you paid from straight away and have them start a recall and report the fraud.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference to another account. Do not act before the money has really arrived and check with Sumitomo Mitsui Banking Corporation if anything seems off.