First Trust Advisors, L.p. SWIFT/BIC code

SWIFT/BIC code of First Trust Advisors, L.p.

The 8-character code FTRVUS41 and the 11-character code FTRVUS41XXX identify the same bank: First Trust Advisors, L.p., with its head office in Lisle,il. Every bank on the SWIFT network uses BIC codes to route payments between countries to the correct institution. It comes up mainly for payments that cross a border or a currency.

This page is meant to help people who pays into an account at First Trust Advisors, L.p. and wants to get the details right. Keep in mind that the SWIFT code just identifies the bank, not the account: the IBAN or account number does that part.

Choosing between the 2 SWIFT codes of First Trust Advisors, L.p.

Having 2 codes in 2 locations, First Trust Advisors, L.p. is one of the banks that register individual codes for parts of the organisation and departments. The main code is FTRVUS41XXX.

Usually you do not need to pick a branch: payments addressed to FTRVUS41XXX are routed within First Trust Advisors, L.p. without problems. Just use a branch code when your contact gives you that exact code, for example on a letter or invoice.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a request saying that a supplier now has new bank details and that the next payment should go there. A valid SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Do not trust contact details in the same message that contains the new account. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Already paid? Call your bank without delay and have them start a recall; also report it to the police.

Fraud also work the other way: someone claims to have sent more than agreed and asks you to refund the extra. Do not act before the money is actually in your account and check with First Trust Advisors, L.p. if anything seems off.

How long does an international transfer to First Trust Advisors, L.p. take?

There is no single delivery time for every transfer: some land within a day while others need several business days. Transfers sent late in the day or on weekends and holidays usually start the next business day. Occasionally a bank asks what the payment is for, which can hold things up.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique reference, the UETR that banks can use to trace it. Save your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

Only the sending bank can request a trace or a recall. On the receiving end, you can check your account to see a slightly lower amount because fees can reduce the amount.

Paying into First Trust Advisors, L.p. in USD

Accounts at First Trust Advisors, L.p. are usually held in USD, the national currency. When you pay money in a different currency it gets converted somewhere along the way: by your bank, an intermediary or First Trust Advisors, L.p. itself. Every conversion costs something – usually through the rate rather than a fee.

Who does the conversion affects how much arrives, as rates and margins differ per bank. Sending the amount directly in USD often prevents a second conversion.

The rate for USD changes throughout the day and quotes are often valid only for a short time. If you pay regularly, small differences in the rate add up over time.

How to check FTRVUS41 before you pay

Ask the recipient to send you their account details straight from a recent statement. Compare it with FTRVUS41 on this page.

An incorrect BIC can cause delays, a returned payment or additional charges. An error in the IBAN or account number is a bigger problem.

An automatic check by your bank only tells you that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a name check before sending adds extra certainty. For a first payment, some people start with a small test amount before sending the rest.

How up to date is this code?

This directory is based on public sources and is updated regularly. It is possible that information on this page is no longer current, for example after a merger. Figures such as the number of codes are from our directory and are not confirmed by First Trust Advisors, L.p..

See our directory on this page as a helpful check. GoldexPay is an independent comparison service for money transfers and not affiliated with First Trust Advisors, L.p.. If you notice a mistake, we welcome a message.

Receiving money from abroad at First Trust Advisors, L.p.

A sender in another country needs several details about your account – incomplete details often cause delays. Give them the account holder’s name, the IBAN or account number, SWIFT code FTRVUS41XXX and your address.

You can add the bank name and its city too, because some payment forms have separate fields for them. A mistake in the IBAN is more trouble than it looks.

Money from abroad will not always land for the full amount. Correspondent banks can take a fee, First Trust Advisors, L.p. may charge for incoming payments, and if the money is converted, an exchange rate margin applies. For business payments, it is common to state who bears the costs to avoid a shortfall.

What the XXX in FTRVUS41XXX means

The structure of a BIC never changes: a bank code of four letters, two for the country and a two-character location code. For First Trust Advisors, L.p., the 8-character core is FTRVUS41.

XXX at the end of FTRVUS41XXX does not stand for a placeholder or an error: it stands for the head office of First Trust Advisors, L.p.. Certain payment forms ask for 11 characters, and then you can enter XXX behind FTRVUS41.

As a rule the code is written in capitals, without spaces or dashes. Pasting the code beats typing it by hand: a typo can point to another bank.

International transfers from First Trust Advisors, L.p.: the real cost

What you pay for an international transfer is made up of more than one component – not just the fee on your screen. You pay the transfer fee, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. Compare their rate against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialised transfer providers frequently use a rate near the mid-market rate with clearer fees. On GoldexPay we compare the amount that arrives with different providers. Choosing a specialist does not require closing your account at First Trust Advisors, L.p.: you simply pay the service from your account.