Israel Discount Bank of New York SWIFT/BIC code

What IDBYUS33 means for a payment to Israel Discount Bank of New York

The short code IDBYUS33 and the 11-character code IDBYUS33XXX refer to one and the same institution: Israel Discount Bank of New York in New York,ny, United States. A SWIFT code shows the banks handling a payment exactly which bank is meant to get the money. It comes up mainly for transfers between countries or a currency.

We wrote this page to help people who receives money at an account at Israel Discount Bank of New York. A SWIFT code identifies a bank or branch, not a single account, which is why you always need the account number too.

US Dollar (USD) and conversion costs

Accounts at Israel Discount Bank of New York are typically held in USD, the national currency. If you send money in a different currency, the amount gets converted somewhere along the way. Every conversion eats into something, even when no fee is shown.

Which bank converts the payment matters, because each party uses its own rate. Sending the money directly in USD usually avoids an extra conversion, provided the rate you get is fair.

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

IDBYUS33 or IDBYUS33XXX – which one to use?

The layout of a BIC never changes: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. Together, these eight characters form IDBYUS33, the code most people search for.

Most banks and apps accept both lengths. If a form asks for eleven characters, enter IDBYUS33XXX, otherwise IDBYUS33 is fine.

As a rule the code is written in capitals. Watch for O versus 0 and the letter I and the digit 1; they are easy to mix up.

Where our SWIFT data comes from

The details on this page are taken from publicly available data which we refresh regularly. Still, banks merge or change codes. Figures such as the number of codes are from our own dataset and may differ from what Israel Discount Bank of New York publishes.

See our directory here as a handy check and rely on the recipient or Israel Discount Bank of New York for the final confirmation. GoldexPay is an independent comparison site for money transfers and not part of Israel Discount Bank of New York. Found an error? Tell us through the contact page and we will look into it.

Which of the 3 codes of Israel Discount Bank of New York do you need?

With 3 codes, Israel Discount Bank of New York is one of the banks that use separate codes for parts of the organisation and departments. The main code is IDBYUS33XXX.

Usually you do not need to pick a branch: transfers sent to IDBYUS33XXX are routed within Israel Discount Bank of New York correctly. A branch code only makes sense if the recipient’s bank explicitly mentions it, which is more common for business accounts and specialised services.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes can change when banks reorganise, so a code from an old document is not always valid.

How long does an international transfer to Israel Discount Bank of New York take?

An international transfer usually takes anywhere from one to several business days. Transfers sent late in the day or just before weekends and holidays often go out a business day later. Sometimes a bank asks what the payment is for before releasing it.

When a payment takes longer than expected, ask your bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Keep your transfer receipt until the money has arrived.

The bank that sent the money can start an official trace or a recall. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

What to give a sender who pays you at Israel Discount Bank of New York

When you expect a payment from another country, give the sender a complete set of details. Give them your name as the bank knows it, your account number or IBAN, SWIFT code IDBYUS33XXX and your address, which some banks require.

Certain sending banks want the bank’s address, so keep it at hand. Double-check each detail before you share them.

An incoming payment does not always arrive in full. Charges on incoming payments vary per bank; check the price list of Israel Discount Bank of New York. Make clear with the sender who pays which costs, especially for larger amounts.

International transfers from Israel Discount Bank of New York: the real cost

What you pay for a payment abroad is made up of several parts, and the transfer fee is only the most visible one. There is the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. A simple test: put the bank’s rate against the mid-market rate and look at the difference.

For a lot of routes, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. Before your next transfer, take a minute comparing what arrives via GoldexPay instead of going straight to your bank. You can always use your account at Israel Discount Bank of New York, while a cheaper service handles the conversion.

Watch out for payment fraud

Be wary if a contact unexpectedly wants you to pay into another account or a bank in another country. The fact that IDBYUS33 exists does not mean that a request mentioning it is legitimate.

Before paying, confirm changed bank details by phone. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. Already paid? Contact your bank without delay and ask them to start a recall.

Recipients are targeted too: one known trick is an overpayment and then sends a request to send back the difference abroad. Do not act before the money is actually in your account – ask Israel Discount Bank of New York if something looks wrong.

How to check IDBYUS33 before you pay

The best place to find the correct BIC remains a document from the bank itself like a bank statement or the account page in online banking. Check that code against IDBYUS33 here and ask if anything does not match.

Mistakes in the BIC are costly rather than disastrous – usually the money comes back, minus fees and time lost. An error in the account number can be more serious because it can reach the wrong person.

Many banking apps validate the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. Where available, a name check on the recipient adds an extra layer of safety. A small test payment can be worth it for large sums.