Fig LLC SWIFT/BIC code

Fig LLC SWIFT code: FRTSUS33

FRTSUS33 and FRTSUS33XXX are two ways of writing the same SWIFT/BIC code, and both point to Fig LLC in New York,ny. Every bank on the SWIFT network uses these codes to route payments between countries to the right bank. In daily life you usually see it on international invoices, in payment forms and in the bank details of Fig LLC customers.

Further down we go through the practical side: receiving money at Fig LLC, paying someone in another country and how to verify a SWIFT code before you hit send. A SWIFT code names an institution, not a single account.

Before you send: check the Fig LLC code

The most reliable place for the correct BIC is a document from the bank itself. Check it with FRTSUS33 here; if they differ, ask before you pay.

Mistakes in the BIC are costly rather than fatal: often the payment comes back, minus fees. A mistake in the IBAN or account number can be more serious because it can reach the wrong person; check it just as carefully.

Many banking apps validate the format of IBANs. Where available, a name check on the recipient gives an extra layer of safety. Sending a small amount first is worth it for large sums despite the extra fee.

What the XXX in FRTSUS33XXX means

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, characters five and six show the country and the two after that mark the location. In this case, the 8-character core is FRTSUS33.

Many payment forms work with both lengths. If a form requires eleven characters, use FRTSUS33XXX; if it wants eight, use FRTSUS33.

Enter the code in one piece, in capitals and without spaces, exactly as shown here. Copying the code is safer than retyping it.

What a transfer from Fig LLC abroad really costs

What you pay for a payment abroad is made up of more than one component. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted, the bank often uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert at a rate with a margin built in. A simple test: set the bank’s rate next to the mid-market rate for the same moment and look at the difference.

For many currency pairs, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. On GoldexPay you can compare the amount that arrives with different providers, so you can pick the cheapest route. You can always keep your account at Fig LLC as the source of the money.

US Dollar (USD) and conversion costs

Accounts at Fig LLC are typically held in USD, the local currency. When you pay money in a different currency gets converted at some point – by your bank, by Fig LLC or by a bank in between. Every conversion eats into something.

Who converts the payment makes a difference, because each party uses its own rate. Transferring the amount already in USD often prevents an extra conversion – as long as your own rate is good.

Rates for USD change all the time, and some providers let you lock in a rate. If you pay regularly, a slightly better rate add up over a year.

Choosing between the 3 SWIFT codes of Fig LLC

Having 3 codes in 2 cities, Fig LLC is one of the banks that register individual codes for parts of the organisation. The main code remains FRTSUS33XXX.

Usually there is no need to look up a branch: payments sent to FRTSUS33XXX reach Fig LLC without problems. If you have been given a specific code, use it as it is rather than swapping it for the head office code.

Not sure which code applies? Check with the recipient or the bank itself. Branch codes are sometimes changed or retired over time, so do not rely on old paperwork.

Incoming international payments to Fig LLC

To receive an international payment into your account at Fig LLC, the person paying you needs more than the SWIFT code. Share the account holder’s name, your account number or IBAN, SWIFT code FRTSUS33XXX and your address, which some banks require.

The sender’s bank might also ask for the address of your bank, in which case the New York,ny head office is the usual answer. A mistake in your account number is harder to fix than it looks, so copy the details from your online banking.

An incoming payment will not always arrive for the full amount. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. On invoices, it is common to agree who bears the costs.

Changed bank details? Be careful

Be wary when a contact suddenly asks you to send money to another account abroad. A valid SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Never rely on contact details in the same message that contains the new account. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. Acted too fast? Call your bank without delay and have them start a recall and report the fraud.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference abroad. Do not act before the money is actually in your account.

How long does an international transfer to Fig LLC take?

An international transfer typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Bank holidays in either country add extra days, since banks do not process on those days. Sometimes a bank wants to know about the purpose of a payment before releasing it.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique transaction reference, the UETR. Money transfer services usually show tracking in their app showing how far the money has got.

The bank that sent the money can request a trace or a recall; the receiving side usually has nothing to trace yet. As a recipient, you can check your statements for a partial amount.

Where our SWIFT data comes from

The details here come from public sources that we update regularly. Even so, banks merge or change codes, so information can be out of date. Counts and locations are from our directory.

Treat our data as a reference, rather than as the final word. GoldexPay is a comparison site for money transfers and not affiliated with Fig LLC. Found outdated information? Tell us via our contact form so we can correct it.