Industrial and Commercial Bank of China (New York) SWIFT/BIC code

What ICBKUS33 means for a payment to Industrial and Commercial Bank of China (New York)

If an invoice shows ICBKUS33 or ICBKUS33XXX, you are looking at the identical address for Industrial and Commercial Bank of China (New York) in United States. A BIC has a single purpose: it makes sure that a cross-border transfer ends up at the right bank. In practice you mostly come across the code on invoices from abroad, in your banking app and in the bank details that Industrial and Commercial Bank of China (New York) provides.

Further down you will find the practical questions: receiving money at Industrial and Commercial Bank of China (New York), paying someone in another country and how to verify the code before you confirm a payment. The BIC names an institution, never a specific account, which is why you always need the account number too.

Which of the 2 codes of Industrial and Commercial Bank of China (New York) do you need?

Industrial and Commercial Bank of China (New York) uses 2 separate SWIFT/BIC codes across 1 locations. Only one is the head office code, ICBKUS33XXX; the rest identify branches, and sometimes specific services.

Unless the recipient tells you otherwise, go with ICBKUS33XXX. Only use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

Unsure which code applies? Ask the recipient, or look at a recent statement from Industrial and Commercial Bank of China (New York). Codes for branches are more likely to be retired than ICBKUS33XXX when a bank merges or closes offices.

Sending money abroad from Industrial and Commercial Bank of China (New York)

What you pay for an international transfer is made up of several parts, and the transfer fee is only the most visible one. There is the transfer fee, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate.

Many banks do not list their exchange rate markup as a cost – you only notice it if you compare. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a traditional bank transfer. GoldexPay compares what recipients receive across services. Using a transfer service does not mean closing your account at Industrial and Commercial Bank of China (New York) – you pay the provider from your own account.

US Dollar (USD) and conversion costs

Most accounts at Industrial and Commercial Bank of China (New York) are usually held in USD, the national currency. If you send another currency, the amount gets converted somewhere along the way – by your bank, by Industrial and Commercial Bank of China (New York) or by a bank in between. Every conversion costs the amount, even when no fee is shown.

Who does the conversion affects the final amount, as rates and margins differ per bank. Transferring the money already in USD usually avoids an extra conversion by Industrial and Commercial Bank of China (New York) – as long as your own rate is good.

Exchange rates move all the time, and some providers let you lock in a rate. For recurring payments, a slightly better rate make a real difference over time.

Tracking a transfer to or from Industrial and Commercial Bank of China (New York)

An international transfer typically takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Transfers sent late in the day or just before weekends and holidays often start a business day later. Occasionally a bank asks about the purpose of a payment.

A growing number of banks are connected to SWIFT gpi. Every gpi transfer gets a unique reference, the UETR that banks can use to trace it. Keep the payment confirmation – you will need it for any trace request.

If the money does not arrive within the expected time, the sender needs to start with the bank that sent it rather than Industrial and Commercial Bank of China (New York). On the receiving end, you can look at your statements for a partial amount.

Verifying the SWIFT code of Industrial and Commercial Bank of China (New York)

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given differs from ICBKUS33 or ICBKUS33XXX, do not guess: check with the recipient or with Industrial and Commercial Bank of China (New York) directly.

A wrong SWIFT code may lead to delays, a payment being sent back or extra fees along the way. A mistake in the account number is a bigger problem, because the money may be credited to someone else.

Many banking apps validate the format of IBANs, but that does not prove the account belongs to the right person. Some banks now check the payee name with the account – do not ignore a mismatch warning. A small test payment can be worth it for a large first payment.

Watch out for payment fraud

One of the most common tricks works like this: an email arrives with a message claiming that a contact now has new bank details. That ICBKUS33 is a real code is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Before paying, verify changed bank details through a phone call on a number you know, not one from the message. Watch out for time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Contact your bank straight away and have them start a recall.

Fraud also target the receiver. Someone claims to have sent too much and wants you to return the difference. A screenshot of a transfer is no proof.

Getting paid from abroad into a Industrial and Commercial Bank of China (New York) account

If you expect money from abroad, give the sender all details at once. In practice that means: your name as registered with Industrial and Commercial Bank of China (New York), your account number or IBAN, the SWIFT/BIC code ICBKUS33XXX (or ICBKUS33) and usually your postal address.

Certain sending banks want the name and address of Industrial and Commercial Bank of China (New York), so keep it at hand. A mistake in your account number can be harder to fix than it looks.

Money from abroad will not always arrive for the full amount. Intermediary banks may deduct a fee, Industrial and Commercial Bank of China (New York) may charge for incoming payments, and if the currency changes, a markup on the rate comes on top. Make clear with the sender who covers the fees.

Why Industrial and Commercial Bank of China (New York) has an 8- and an 11-character code

The layout of a BIC never changes: a bank code of four letters, two for the country and a two-character location code. For Industrial and Commercial Bank of China (New York), that core is ICBKUS33.

Many payment forms accept either length. If yours asks for eleven characters, enter ICBKUS33XXX; if it wants eight, use ICBKUS33.

Do not add spaces, dots when you type ICBKUS33. A single letter can send a payment to another bank.

About this information

We collect bank codes from public sources and update them regularly. Institutions reorganise, close branches and retire codes. The number of codes we show are based on what is in our directory.

Treat our data as a reference, rather than as the last word: the recipient’s bank details come first. GoldexPay is not affiliated with Industrial and Commercial Bank of China (New York); we are a comparison site for money transfers. Found outdated information? Let us know via our contact form so we can correct it.