State Street Bank and Trust Company SWIFT/BIC code

SBOSGB2X – the SWIFT/BIC code of State Street Bank and Trust Company

SBOSGB2X and SBOSGB2XXXX are two ways of writing the same SWIFT/BIC code, and both lead to State Street Bank and Trust Company in London. Every bank on the SWIFT network uses these codes to route payments between countries to the correct institution. You will need it mostly for transfers between countries.

On this page you will find how the code means, when it matters and what else you need for a transfer to or from State Street Bank and Trust Company. Keep in mind that the SWIFT code just identifies the bank, not the account: the account number or IBAN does that part.

Which of the 7 codes of State Street Bank and Trust Company do you need?

With 7 codes in 1 locations, State Street Bank and Trust Company is one of the banks that register separate codes for branches. The head office code remains SBOSGB2XXXX.

Usually there is no need to pick a branch: payments addressed to SBOSGB2XXXX reach State Street Bank and Trust Company correctly. When you receive a branch code, use it as it is instead of replacing it for the head office code.

Not sure which code applies? Ask the recipient. Codes are sometimes changed or retired over time, so a code from an old document is not always valid.

SEPA payments and the State Street Bank and Trust Company BIC

Because United Kingdom is part of SEPA, a euro payment to State Street Bank and Trust Company from within the SEPA area normally requires just the IBAN. Many banks no longer ask for the BIC for these payments.

A SWIFT code like SBOSGB2X does matter for payments in other currencies, and for transfers from outside SEPA. If a payment form asks for the BIC anyway, adding SBOSGB2X is fine.

Euro payments within SEPA normally land by the next business day, and instant transfers in seconds where both banks support them. Provided no currency is converted, the transfer is inexpensive; costs rise once a conversion is involved.

How to check SBOSGB2X before you pay

Have the recipient send you the bank details directly from their banking app. Compare it against SBOSGB2X here and ask if anything does not match.

Errors in the SWIFT code tend to be annoying more than fatal. A mistake in the IBAN or account number is a bigger problem, because the money may be credited to someone else, so check that just as carefully.

A validity check by your bank merely tells you that the code exists – not that it belongs to the person you mean to pay. More and more banks check the payee name with the account; take any warning seriously. Sending a small amount first is a sensible step for large sums, even if it costs an extra fee.

Where our SWIFT data comes from

We gather bank codes from publicly available data and update our list from time to time. Even so, banks merge or retire codes and our data may lag behind. Counts and locations are from our directory and may differ from what State Street Bank and Trust Company publishes.

Treat this page as a starting point, rather than as the last word: the recipient’s bank details come first. We are an independent comparison site for money transfers and not part of State Street Bank and Trust Company. Should you notice something that is out of date, we welcome a short note.

Changed bank details? Be careful

Stay alert when a contact unexpectedly wants you to pay into another account abroad. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Always verify changed bank details through a phone call on a number you know, not one from the message. Pressure and secrecy tend to be red flags. When money has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Fraud also target the receiver: someone claims to have sent too much and asks you to return the extra. A screenshot of a transfer is no proof – check your own account.

The British Pound and what conversion costs you

The national currency of United Kingdom is the British Pound (GBP). A payment in a foreign currency is converted into GBP on its way to State Street Bank and Trust Company – and the bank that does it picks the rate. There is rarely a separate charge for that conversion.

Who does the conversion affects the final amount, as rates and margins differ per bank. In many cases it is cheaper to send GBP directly through a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The rate for GBP changes constantly and quotes are often valid only for a short time. With bigger transfers, even small difference in the rate adds up quickly.

What to give a sender who pays you at State Street Bank and Trust Company

If you expect a payment from another country, give the sender everything they need in one go. That means: your name as registered with State Street Bank and Trust Company, your account number or IBAN, the BIC SBOSGB2XXXX and usually your postal address.

Their bank might request the address of your bank, in which case the London head office is the usual answer. Double-check each detail before you send them.

Money from abroad will not always land for the full amount. Correspondent banks can take a fee, State Street Bank and Trust Company may charge for incoming payments, and if the currency changes, an exchange rate margin applies. On invoices, it is common to state how the fees are split, so that nobody is left short.

Why State Street Bank and Trust Company has an 8- and an 11-character code

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. For State Street Bank and Trust Company, the 8-character core is SBOSGB2X.

The 11-character version adds a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office.

Type the code as one block, in capitals and without separators. A single character may route a payment to a different institution.

International transfers from State Street Bank and Trust Company: the real cost

A bank transfer abroad can cost rather more than the fee suggests. Besides the transfer fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted the bank often uses a rate that is less favourable than the real market rate.

That exchange rate margin is often the largest item. Check the rate you are offered against the mid-market rate.

Money transfer services often use a rate near the mid-market rate and lower fees. On GoldexPay we compare what recipients receive with different providers, which makes the cheapest option easy to spot. Using a transfer service does not mean leaving State Street Bank and Trust Company: you simply pay the service from your account.

Transfer times and tracking a payment to State Street Bank and Trust Company

There is no single delivery time: some arrive the same day or the next 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 asks about the purpose of a payment.

When a payment takes longer than expected, ask the sending bank for the status and the transaction reference. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

If a payment has not arrived within the expected time, the sender should contact the bank that sent it, not the receiving bank. On the receiving end, you can look at your account to see a partial amount, since fees may have been deducted.