Bank J. Safra Sarasin LTD SWIFT/BIC code

SARACHBB – the SWIFT/BIC code of Bank J. Safra Sarasin LTD

SARACHBB and SARACHBBXXX are the short and the long form of the same SWIFT/BIC code, and both point to Bank J. Safra Sarasin LTD in Basle. A SWIFT code shows the banks handling a payment exactly which bank should receive the money, much like a postcode for banks. You will need it mostly for payments that cross a border or a currency.

On this page you will find what the code means, when it matters and what else you need for a transfer to or from Bank J. Safra Sarasin LTD. The SWIFT code on its own does not identify an individual account holder; that is what the account number or IBAN is for.

What to give a sender who pays you at Bank J. Safra Sarasin LTD

If you expect a payment from another country, give the sender a complete set of details. Share your name as the bank knows it, your account number or IBAN, the BIC SARACHBBXXX and your address, which some banks require.

Some sending banks want the address of Bank J. Safra Sarasin LTD; it does no harm to include it. Check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

What lands in your account can be less than the amount sent. Charges on incoming payments differ from bank to bank. Make clear with the sender who pays which costs, especially for larger amounts.

Transfer times and tracking a payment to Bank J. Safra Sarasin LTD

There is no fixed answer for every transfer: some arrive the same day or the next while others need several business days. Bank holidays in the sending or receiving country add a day or more to the journey. Compliance checks by one of the banks may also cause some delay.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation until the recipient confirms.

The bank that sent the money can request a trace – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, you can look at your account to see a slightly lower amount.

8 or 11 characters: SARACHBB versus SARACHBBXXX

The structure of a BIC is always the same: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. The result is SARACHBB for Bank J. Safra Sarasin LTD.

Many banks and apps work with both lengths. If yours requires eleven characters, enter SARACHBBXXX, otherwise SARACHBB is fine.

Leave out spaces when you type SARACHBB or SARACHBBXXX. Look out for the letter O and the digit 0 or I versus 1, a common source of typos.

Paying someone abroad from your Bank J. Safra Sarasin LTD account

An international bank payment can cost rather more than the listed fee. Besides a fixed fee, banks in between may take a cut, and when currencies are converted the bank often applies a rate that is less favourable than the real market rate.

Many banks rarely show their exchange rate markup separately, but you pay it all the same. Compare their rate with the mid-market rate – the rate you find on financial news sites.

For a lot of routes, a transfer service turns out to be less expensive than a bank, mainly because of the exchange rate. GoldexPay compares the amount that arrives across services. Choosing a specialist does not require closing your account at Bank J. Safra Sarasin LTD – you pay the provider from your own account.

Where our SWIFT data comes from

The directory on GoldexPay is compiled from publicly available sources and we update it periodically. It can happen that information on this page is out of date, for example after a merger. Figures such as the number of codes come from our directory.

Before any payment that matters, confirm the code with Bank J. Safra Sarasin LTD or with the recipient. GoldexPay is a comparison service and not part of Bank J. Safra Sarasin LTD. Should you notice a mistake, we appreciate a message.

Before you send: check the Bank J. Safra Sarasin LTD code

The most reliable source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check it with SARACHBB here and ask if anything does not match.

If the code is wrong, the payment may get stuck, bounce back or end up costing more, and tracing it can take weeks. A mistake in the account number is more serious.

Most online banking apps validate the format of an IBAN, but that does not prove the account belongs to the right person. Some banks now compare the name with the account; take any warning seriously. For a first payment, some people send a small test amount.

Paying into Bank J. Safra Sarasin LTD in CHF

The national currency in Switzerland is the Swiss Franc (CHF). A payment in a foreign currency will be exchanged into CHF on its way to Bank J. Safra Sarasin LTD, and whoever converts it chooses the rate. There is rarely a separate line for the conversion – the cost sits in the rate.

Who converts the payment makes a difference, because each party uses its own rate. Transferring the amount already in CHF usually avoids a second conversion.

The CHF rate changes throughout the day. On larger amounts, a seemingly small gap in the rate can be worth more than the fee.

Changed bank details? Be careful

Stay alert when a contact suddenly asks you to pay into a different account. The fact that SARACHBB exists does not mean that a request mentioning it is legitimate; criminals use the codes of real banks too.

Before paying, verify a change of bank details by phone on a number you know, not one from the message. Pressure and secrecy are red flags; a genuine business can wait for you to check. When a payment was sent to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Scams also work the other way: someone claims to have sent too much and asks you to refund the extra to a new account. Wait until the money is actually in your account.

Euro transfers to Bank J. Safra Sarasin LTD: is a BIC needed?

Because Switzerland is part of SEPA, a euro transfer to Bank J. Safra Sarasin LTD from within the SEPA area normally only needs the IBAN. Many banks no longer ask for the BIC for these payments.

Outside the euro and for senders outside SEPA, SARACHBBXXX is still part of the payment details. A few banks and apps also show a field for the BIC out of habit; if so, fill in SARACHBB or SARACHBBXXX.

SEPA transfers usually arrive by the next business day. As long as no currency is converted, the transfer is cheap; it is the conversion that costs money.

Head office or branch code at Bank J. Safra Sarasin LTD?

Our database contains 3 SWIFT/BIC codes for Bank J. Safra Sarasin LTD. Next to the head office code SARACHBBXXX, you will find codes for individual branches and departments.

Usually there is no need to pick a branch: payments sent to SARACHBBXXX are routed within Bank J. Safra Sarasin LTD without problems. If you have been given a specific code, use it as it is rather than replacing it with the head office code.

The best way is to take the code directly from the account holder’s bank details. Branch codes can change when banks reorganise, so do not rely on old paperwork.