Lit America, Inc. SWIFT/BIC code

Lit America, Inc. SWIFT code: LITAUS31

The short code LITAUS31 and the full code LITAUS31XXX refer to the same bank: Lit America, Inc., with its head office in New York,ny. The code does one job: it makes sure that money from abroad ends up at the right bank. In practice you mostly come across the code on invoices from abroad, in payment forms and on the account details that Lit America, Inc. provides.

We wrote this page to help anyone who receives money at an account at Lit America, Inc. without mistakes. Keep in mind that the BIC just identifies the bank, not the account: the account number or IBAN does that part.

Transfer times and tracking a payment to Lit America, Inc.

There is no fixed answer for international payments: some arrive within a day, others take several business days. Bank holidays in the sending or receiving country can add a day or more to the journey. Occasionally a bank asks about the purpose of a payment before releasing it.

When a payment takes longer than expected, ask the sending bank about the tracking status; with that reference banks can see where the payment is. Save the payment confirmation until the recipient confirms – you will need it for any trace request.

A delayed transfer has to be investigated from the sending side on the basis of the transfer details. Ask the sender for a copy of the payment confirmation including the reference – it helps your own bank look for the money.

Paying someone abroad from your Lit America, Inc. account

When you send money abroad through Lit America, Inc., the fee you see is only part of what you pay. Besides a fixed fee, correspondent or intermediary banks may take a cut, and if currencies are converted, the bank often applies a rate that is less favourable than the actual market rate.

Many banks rarely list their exchange rate markup separately – you only notice it if you compare. An easy check: set the bank’s rate against the mid-market rate and work out the difference on your amount.

Specialised transfer providers often use rates closer to the mid-market rate with clearer fees. Next time you send money, it is worth comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not require closing your account at Lit America, Inc..

About this information

The codes on this page come from publicly available data that we update regularly. Even so, banks merge or change codes and our data may lag behind. The figures we show are based on what is in our directory.

See our directory here as a handy check and rely on the recipient or Lit America, Inc. for the final confirmation. GoldexPay is independent of Lit America, Inc.. If you notice something that is out of date, we welcome a message via the contact page.

Scams that use SWIFT codes

Scammers often use payment requests with changed bank details. A correct SWIFT code tells you nothing about who owns the account.

Always confirm a change of bank details by phone on a number you know, not one from the message. Pressure or secrecy are red flags; a genuine business can wait for you to check. If a payment has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to send back the difference to another account. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

Head office or branch code at Lit America, Inc.?

Our directory lists 2 SWIFT/BIC codes for Lit America, Inc. in 2 cities. Next to the head office code LITAUS31XXX, you will find codes for branches, departments or specific services.

In most cases you do not need to look up a branch: payments sent to LITAUS31XXX are routed within Lit America, Inc. correctly. Branch codes are only needed if the recipient’s bank explicitly asks for it.

The best way is to copy the code straight from the recipient’s bank details. Branch codes are sometimes changed or retired when banks reorganise.

What to give a sender who pays you at Lit America, Inc.

For an international payment into your account at Lit America, Inc., the person paying you has to have not just the SWIFT code. The basics are: your name, IBAN or account number, LITAUS31XXX and in many cases your home address.

Some banks want the name and address of Lit America, Inc. in New York,ny; it does no harm to include it. A typo in your account number is harder to fix than it looks, so copy the details from your online banking.

Money from abroad does not always land in full. Fees for incoming transfers vary from bank to bank – the price list of Lit America, Inc. tells you what applies. For business payments, it is common to agree how the fees are split to avoid a shortfall.

Before you send: check the Lit America, Inc. code

The most reliable place for the correct BIC remains paperwork issued by the bank like a bank statement or the account page in online banking. Check that code against LITAUS31 here; if they differ, ask before you pay.

With a wrong code, the transfer might get stuck, bounce back or cost extra. Remember the IBAN: an error there is more difficult to correct than a wrong BIC.

Most online banking apps check the format of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. Where available, a payee name check on the recipient gives extra certainty. Sending a small amount first is a sensible step for large sums.

LITAUS31 or LITAUS31XXX – which one to use?

A BIC is built from fixed blocks: characters one to four identify the bank, the next two give the country and the two after that indicate the location. In this case, that core is LITAUS31.

The full version has three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office.

As a rule the code is written in capitals and without spaces. A wrong letter can send a payment to another bank, so copy it carefully.

The US Dollar and what conversion costs you

Accounts at Lit America, Inc. are typically held in USD, the national currency. A payment in a foreign currency will be exchanged into USD, and whoever converts it chooses the rate. Every conversion costs the amount.

Which bank converts the payment makes a difference: every bank has its own margin. Compare how much USD the recipient gets via different services; the difference between options can be larger than you expect.

The USD rate changes constantly and quotes are often valid only for a short time. For recurring payments, a slightly better rate make a real difference over a year.