International Business Machines SWIFT/BIC code

What IBMXUS33 means for a payment to International Business Machines

The short code IBMXUS33 and the 11-character code IBMXUS33XXX identify one and the same institution: International Business Machines, with its head office in Armonk,ny. Every bank on the SWIFT network uses BIC codes to direct payments between countries to the right institution. It comes up mainly when dealing with transfers between countries and payments in foreign currencies.

Further down we go through the practical side: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you hit send. The BIC identifies a bank or branch, never a single account, which is why you always need the account number too.

Choosing between the 5 SWIFT codes of International Business Machines

We have 5 SWIFT/BIC codes for International Business Machines in 1 cities. Besides the head office code IBMXUS33XXX, there are codes for branches, departments or specific services.

For most incoming transfers, the head office code IBMXUS33XXX works fine. Only use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

The best way is to take the code directly from the recipient’s bank details. Branch codes are more prone to change than the head office code when a bank merges or closes offices.

Sending USD to International Business Machines

United States uses the US Dollar (USD). If you send money in a different currency gets converted somewhere along the way – by your bank, by International Business Machines or by a bank in between. Each conversion eats into something, even when no fee is shown.

Who converts the payment makes a difference. Often you pay less to send USD straight away through a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

Rates for USD move during the day, and some providers let you lock in a rate. If you pay regularly, a slightly better rate make a real difference over a year.

Transfer times and tracking a payment to International Business Machines

There is no fixed delivery time: many land within a day while others need several business days. Bank holidays in the sending or receiving country can add extra days to the journey. Compliance checks on larger or unusual payments can also cause a delay.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR. Keep the payment confirmation; it contains the details a bank needs to start a trace.

A missing payment has to be investigated by the sending bank on the basis of the transfer details. On the receiving end, it helps to check your statements to see a slightly lower amount.

Watch out for payment fraud

Scammers often use payment requests with changed bank details. The fact that IBMXUS33 exists does not mean that a request mentioning it is genuine; criminals use the codes of real banks too.

Never rely on contact details from the same email that contains the new account. Pressure or requests to keep it quiet are warning signs; a genuine business can wait for you to check. Already paid? Call your bank straight away and have them start a recall; also report it to the police.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to send back the difference abroad. Wait until the money is actually in your account and check with International Business Machines if anything seems off.

What a transfer from International Business Machines abroad really costs

A bank transfer abroad can cost more than the listed fee. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, most importantly, the margin on the exchange 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. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For many currency pairs, a transfer service is less expensive than a traditional bank transfer, mainly because of the exchange rate. Next time you send money, take a minute to compare the total cost via GoldexPay. Using a transfer service does not require closing your account at International Business Machines: you simply pay the service from your account.

Before you send: check the International Business Machines code

The best place to find the right code remains paperwork issued by the bank, such as a statement or the account details in online banking. When the code you were given does not match IBMXUS33 or IBMXUS33XXX, stop and ask – contact the recipient or International Business Machines.

A wrong SWIFT code can cause a delay, a returned payment or extra fees. Do not forget the account number: a mistake there can be harder to undo than a wrong code.

A validity check in your banking app only confirms that the code is valid. More and more banks compare the payee name against the account before you confirm – do not ignore a mismatch warning. For a first payment, some people send a small test amount and wait for confirmation.

Getting paid from abroad into a International Business Machines account

When you expect a payment from another country, give the sender everything they need in one go. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the BIC IBMXUS33XXX and usually your postal address.

The sender’s bank may also ask for the bank address of International Business Machines, in which case the Armonk,ny head office is the usual answer. Check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

What lands in your account can be less than what was sent. Fees for incoming transfers differ per bank. On invoices, it is common to state how the fees are split to avoid a shortfall.

What the XXX in IBMXUS33XXX means

A SWIFT code is built from fixed blocks: the first four letters stand for the bank, the next two show the country and characters seven and eight indicate the location. Together, those parts make up IBMXUS33 – the version you usually see online.

XXX at the end of IBMXUS33XXX does not stand for a placeholder or an error: it stands for the head office of International Business Machines. Some forms insist on 11 characters, in which case you can enter XXX behind IBMXUS33.

Do not add spaces, dots when you enter IBMXUS33 or IBMXUS33XXX. Pasting the code is safer than typing it by hand, because one wrong letter changes the bank.

About this information

This directory draws on publicly available sources. Institutions merge, change names and retire codes, and a directory never catches every change immediately. Counts and locations come from our directory and are not confirmed by International Business Machines.

Before a payment of any size, check the BIC with International Business Machines or the recipient. We are an independent comparison site for money transfers and not affiliated with International Business Machines. Should you notice a mistake, we welcome a short note.