Banque J. Safra Sarasin (Monaco) SA SWIFT/BIC code

What BJSBMCMX means for a payment to Banque J. Safra Sarasin (Monaco) SA

Whether a recipient gives you BJSBMCMX or BJSBMCMXXXX, it is the same identifier for Banque J. Safra Sarasin (Monaco) SA in Monaco. A SWIFT code tells every bank in the chain which institution is meant to get the money, much like a postcode for banks. In practice you usually see it on international invoices, in your banking app and on the account details of Banque J. Safra Sarasin (Monaco) SA customers.

This page is meant to help people who receives money at an account at Banque J. Safra Sarasin (Monaco) SA without mistakes. The BIC names a bank or branch, not a single account, which is why you always need the account number too.

International transfers from Banque J. Safra Sarasin (Monaco) SA: the real cost

If you send money abroad through Banque J. Safra Sarasin (Monaco) SA, the fee you see is rarely all of the cost. There is the transfer fee, sometimes charges from correspondent banks in between and, above all, the exchange rate markup when the money is converted.

The real cost is often in the rate, rather than in the fee: the bank converts at a rate that includes a margin. An easy check: set the rate you get next to the mid-market rate and look at the difference.

For a lot of routes, a transfer service is less expensive than a bank – mostly thanks to the rate. On GoldexPay you can compare what recipients receive across providers, so you can pick the cheapest route. Using a transfer service does not mean closing your account at Banque J. Safra Sarasin (Monaco) SA: you simply pay the service from your account.

Why Banque J. Safra Sarasin (Monaco) SA has an 8- and an 11-character code

A SWIFT code is built from a few fixed parts: the first four letters identify the bank, characters five and six show the country and the two after that indicate the location. Together, those parts form BJSBMCMX, the code most people search for.

XXX at the end of BJSBMCMXXXX does not stand for a placeholder or an error: it stands for the main office of Banque J. Safra Sarasin (Monaco) SA. Some banking apps insist on 11 characters, in which case you can add XXX after BJSBMCMX.

Type the code in one piece, in capitals and without separators. Watch for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.

Changed bank details? Be careful

One of the most common tricks goes like this: an email arrives with a message saying that a supplier has a new bank account. A correct SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Check new bank details via a different channel, such as a phone number you already know. Urgency or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. If money has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: one known trick is a buyer who pays too much and then sends a request to send back the difference abroad. A payment confirmation from the sender is no proof.

The Euro and what conversion costs you

The currency of Monaco is the Euro (EUR). When you pay money in a different currency it has to be converted at some point – by your bank, by Banque J. Safra Sarasin (Monaco) SA or by a bank in between. Every conversion costs the amount.

Who does the conversion affects how much arrives. In many cases you pay less if you send EUR directly through a provider with a good rate.

Exchange rates change during the day, and some providers let you lock in a rate. If you pay regularly, small differences in the rate make a real difference over time.

When will the money arrive at Banque J. Safra Sarasin (Monaco) SA?

There is no single answer: many arrive within a day, others take several business days. Transfers sent late in the day or on weekends and holidays often start the next business day. Occasionally 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 gets a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services usually show tracking online so you can see how far the money has got.

Only the sending bank can request a trace or a recall; the receiving side usually has nothing to trace yet. Request from the sender a copy of the payment confirmation – it helps your own bank look for the money.

What to give a sender who pays you at Banque J. Safra Sarasin (Monaco) SA

To receive an international payment into your account at Banque J. Safra Sarasin (Monaco) SA, the person paying you needs more than the SWIFT code. What they need is: the account holder’s name, account number or IBAN, BJSBMCMXXXX or BJSBMCMX and, for some countries, your postal address.

It helps to add Banque J. Safra Sarasin (Monaco) SA and its city as well, since some forms ask for it. Check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

The amount you receive is often less than the amount sent. Correspondent banks can take a fee, Banque J. Safra Sarasin (Monaco) SA may charge for incoming payments, and if the currency changes, a markup on the rate comes on top. For business payments, it is common to state who bears the costs.

Banque J. Safra Sarasin (Monaco) SA: head office code versus branch codes

With 2 codes in 1 locations, Banque J. Safra Sarasin (Monaco) SA belongs to the banks that register separate codes for branches. The main code remains BJSBMCMXXXX.

If nobody asks you for a branch code, go with BJSBMCMXXXX or its short form BJSBMCMX. If you have been given a specific code, stick to it instead of swapping it for the head office code.

The safest route is to copy the code straight from the recipient’s bank details. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

Do you need BJSBMCMX for a SEPA transfer?

Monaco is part of the Single Euro Payments Area (SEPA). For a standard euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

A SWIFT code like BJSBMCMX does come into play for payments in other currencies, and for transfers from outside SEPA. If your banking app has a field for the BIC regardless, entering BJSBMCMX is fine.

Instant payments in euros have become widely available within SEPA. As long as no currency is converted, the transfer is cheap; costs rise once a conversion is involved.

Is BJSBMCMX still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient. When the code you were given does not match BJSBMCMX or BJSBMCMXXXX, stop and ask: check with the recipient or with Banque J. Safra Sarasin (Monaco) SA directly.

If the code is wrong, the payment may be delayed, bounce back or cost extra. An error in the IBAN or account number is more serious, because the money may be credited to someone else.

Many banking apps validate the structure of IBANs, but that does not prove the account belongs to the right person. If your bank offers it, a name check before sending gives an extra layer of safety. When you pay someone new, many people start with a small amount first and wait for confirmation.

A note on our data

We collect bank codes using publicly available data and update them from time to time. Even so, banks merge, rename themselves or retire codes and our data may lag behind. Figures such as the number of codes are from our own dataset and are not confirmed by Banque J. Safra Sarasin (Monaco) SA.

Use this page as a reference, rather than as the final word – the bank details from the recipient are leading. GoldexPay is not affiliated with Banque J. Safra Sarasin (Monaco) SA; we are a comparison site for money transfers. If you notice a mistake, we appreciate a short note.