Bank of Scotland - Jersey Treasury SWIFT/BIC code

What BOFSJES1 means for a payment to Bank of Scotland - Jersey Treasury

If an invoice shows BOFSJES1 or BOFSJES1XXX, it is the identical address for Bank of Scotland - Jersey Treasury in Jersey. The code has a single purpose: it makes sure that a cross-border transfer ends up at the right bank. In daily life you usually come across it on international invoices, in payment forms and in the bank details of Bank of Scotland - Jersey Treasury customers.

This page is meant to help people who sends money to an account at Bank of Scotland - Jersey Treasury and wants to get the details right. The SWIFT code on its own cannot identify an individual account holder; that is what the IBAN or account number is for.

Receiving money from abroad at Bank of Scotland - Jersey Treasury

To receive an international payment at Bank of Scotland - Jersey Treasury, the sender needs more than the SWIFT code. That means: your name as registered with Bank of Scotland - Jersey Treasury, your account number or IBAN, the BIC BOFSJES1XXX and, often, your postal address.

The sender’s bank might request the bank address of Bank of Scotland - Jersey Treasury, in which case the St. Helier head office is the usual answer. Double-check the details before you send them.

An incoming payment does not always land for the full amount. Intermediary banks may deduct a fee, Bank of Scotland - Jersey Treasury may charge for incoming payments, and if the money is converted, a markup on the rate applies. For business payments, you can state how the fees are split to avoid a shortfall.

Where our SWIFT data comes from

We gather bank codes using publicly available data and check them from time to time. It can happen that information on this page is out of date after a merger or reorganisation. Figures such as the number of codes are from our own dataset.

Before a payment that matters, always check the code with Bank of Scotland - Jersey Treasury or with the recipient. We are an independent comparison site for money transfers and not part of Bank of Scotland - Jersey Treasury. Spotted an error? Let us know via our contact form so we can correct it.

8 or 11 characters: BOFSJES1 versus BOFSJES1XXX

The structure of a BIC is always the same: four characters for the institution, two for the country and two for the location, plus an optional branch code. For Bank of Scotland - Jersey Treasury, the 8-character core is BOFSJES1.

XXX at the end of BOFSJES1XXX does not stand for a missing value or an error: it indicates the head office of Bank of Scotland - Jersey Treasury. Some forms insist on 11 characters, in which case you simply add XXX after BOFSJES1.

Enter the code in one piece, in capitals and without spaces. A wrong character may route a payment to a different institution, so copy it carefully.

Is BOFSJES1 still correct? How to check

Have the recipient copy their account details straight from their online banking. If the code you have does not match BOFSJES1 or BOFSJES1XXX, stop and ask: check with the recipient or with Bank of Scotland - Jersey Treasury directly.

An incorrect BIC can cause delays, a returned payment or additional charges for investigation. A mistake in the account number is more serious, because the money may be credited to someone else.

An automatic check in your banking app merely confirms that the code exists – not that it belongs to the person you mean to pay. Some banks now check the name with the account before you confirm – do not ignore a mismatch warning. For a first payment, many people start with a small amount first before sending the rest.

International transfers from Bank of Scotland - Jersey Treasury: the real cost

What you pay for an international transfer is made up of more than one component, and the transfer fee is only the most visible one. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

Banks rarely list their exchange rate markup as a cost, but you pay it all the same. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For many currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other so you can see the amount the recipient gets. Using a transfer service does not require closing your account at Bank of Scotland - Jersey Treasury.

Paying into Bank of Scotland - Jersey Treasury in GBP

Most accounts at Bank of Scotland - Jersey Treasury are typically held in GBP, the national currency. A payment in a foreign currency will be converted into GBP, and whoever converts it chooses the rate. You rarely see a separate line for that conversion – the cost sits in the rate.

Who does the conversion affects how much arrives. Check what GBP the recipient gets with several providers.

The GBP rate changes throughout the day and quotes are often valid only for a short time. With bigger transfers, a seemingly small gap in the rate can be worth more than the fee.

Tracking a transfer to or from Bank of Scotland - Jersey Treasury

There is no single answer for every transfer: some arrive within a day while others need several business days. Transfers sent after the cut-off time or on a weekend or public holiday often go out the next business day. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each payment carries a unique reference, the UETR. Money transfer services often provide tracking online so you can see how far the money has got.

If the money does not arrive within the expected time, the sender should start with their own bank. Request from the sender a copy of the payment confirmation with the date and reference; that often settles the question quickly.

Watch out for payment fraud

Criminals regularly use payment requests containing new bank details sent from what looks like a familiar address. A valid SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Always verify a change of bank details through a phone call on a number you know, not one from the message. Watch out for urgent requests, odd spelling or a sender address that is slightly off. Acted too fast? Call the bank you paid from straight away and ask them to try to recall the payment; also report it to the police.

People receiving money are targeted too: one known trick is a buyer who pays too much followed by a request to refund the difference to another account. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Choosing between the 5 SWIFT codes of Bank of Scotland - Jersey Treasury

With 5 codes, Bank of Scotland - Jersey Treasury is one of the banks that use individual codes for parts of the organisation. The main code is BOFSJES1XXX.

Unless the recipient tells you otherwise, go with BOFSJES1XXX. If you have been given a branch code, use it as it is rather than replacing it with the head office code.

The safest approach is to take the code straight from the recipient’s invoice. Codes for branches are more prone to change than the head office code when a bank merges or closes offices.