Loomis, Sayles and Company, L.p. SWIFT/BIC code

What LOSYUS3B means for a payment to Loomis, Sayles and Company, L.p.

If an invoice shows LOSYUS3B or LOSYUS3BXXX, it is the identical identifier for Loomis, Sayles and Company, L.p. in United States. A BIC has a single purpose: it ensures that an international payment reaches the right bank. You will need it mainly when dealing with transfers between countries or a currency.

On this page you will find what the code is put together, when you need it and which other details a transfer to or from Loomis, Sayles and Company, L.p. requires. The BIC identifies a bank or branch, not a single account; the IBAN or account number does that.

Choosing between the 2 SWIFT codes of Loomis, Sayles and Company, L.p.

We have 2 SWIFT/BIC codes for Loomis, Sayles and Company, L.p., spread over 1 locations. Besides the head office code LOSYUS3BXXX, there are codes for regional offices and specialised units.

For most payments to a private or business account, the head office code LOSYUS3BXXX is the right choice. If you have been given a branch code, stick to it rather than replacing it with the head office code.

The best way is to copy the code directly from the recipient’s invoice. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

What the XXX in LOSYUS3BXXX means

A BIC is made up of a few fixed parts: the first four letters stand for the bank, characters five and six show the country and the two after that indicate the location. For Loomis, Sayles and Company, L.p., the 8-character core is LOSYUS3B.

The 11-character version has three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why LOSYUS3BXXX and LOSYUS3B lead to the same place.

Leave out spaces when you type LOSYUS3B; the code is always written in one block. A single letter can send the money to another bank, so copy it carefully.

International transfers from Loomis, Sayles and Company, L.p.: the real cost

What you pay for an international transfer is made up of several parts, and the transfer fee is only the most visible one. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup.

That exchange rate margin tends to be the biggest item. An easy check: set the rate you get against the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a bank – mostly thanks to the rate. GoldexPay compares transfer providers side by side, showing what actually arrives for the same amount sent. Using a transfer service does not require leaving Loomis, Sayles and Company, L.p..

Incoming international payments to Loomis, Sayles and Company, L.p.

To receive an international payment at Loomis, Sayles and Company, L.p., the person paying you needs not just the BIC. Share your name as the bank knows it, your account number or IBAN, the BIC LOSYUS3BXXX and your address.

Some sending banks also ask for the address of Loomis, Sayles and Company, L.p.. A mistake in the IBAN can be more trouble than you might think, so copy the details from your online banking.

Expect that the incoming amount is smaller than what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate applies. On invoices, it is common to agree how the fees are split.

Is LOSYUS3B still correct? How to check

The safest source for the BIC is the bank details provided by the recipient. If the code you have differs from LOSYUS3B or LOSYUS3BXXX, stop and ask – contact the recipient or Loomis, Sayles and Company, L.p..

A wrong SWIFT code can cause delays, a payment being sent back or additional charges along the way. An error in the account number is a bigger problem because it can reach the wrong person, so check that just as carefully.

An automatic check in your banking app merely confirms that the code exists – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check before sending adds an extra layer of safety. When you pay someone new, many people start with a small test amount.

The US Dollar and what conversion costs you

Accounts at Loomis, Sayles and Company, L.p. are usually held in USD, the national currency. If you send money in a different currency, the amount gets converted at some point – by your bank, by Loomis, Sayles and Company, L.p. or by a bank in between. Every conversion eats into the amount – usually through the rate rather than a fee.

Who does the conversion has an effect on how much arrives. Compare how much USD the recipient gets with several providers; the difference between options can be larger than you expect.

The rate for USD changes throughout the day, so the amount you see is usually only valid for a short time. On larger amounts, even seemingly small gap in the rate can be worth more than the fee.

When will the money arrive at Loomis, Sayles and Company, L.p.?

There is no single answer for international payments: some land the same day or the next, others take several business days. Bank holidays in the sending or receiving country can add extra days. Extra checks on larger or unusual payments can also cause some delay, regardless of the details.

If a transfer is late, ask your bank for the tracking status or the UETR; with that reference banks can see where the payment is. Money transfer services often show a status in their app showing how far the payment is.

Only the sending bank can request a trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation – it helps your own bank look for the money.

How up to date is this code?

We gather bank codes using public sources and update our list regularly. It can happen that information on this page is out of date. The number of codes we show reflect what is in our directory, not official figures from Loomis, Sayles and Company, L.p..

For a payment of any size, always check the BIC with the recipient’s bank or the recipient. We are an independent comparison service for money transfers and not part of Loomis, Sayles and Company, L.p.. Should you notice a mistake, we appreciate a short note via the contact page.

Watch out for payment fraud

One of the most common tricks works like this: you receive a request saying that a supplier has a new bank account. That LOSYUS3B is a real code does not mean that the account is genuine – fraudsters use real bank codes as well.

Never trust a phone number in the same message that announces the new account. Watch out for time pressure, unusual wording or a sender address that is slightly off. When money was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

People receiving money are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference abroad. A payment confirmation from the sender is no proof.