Mufg Union Bank N.a. SWIFT/BIC code

SWIFT/BIC code of Mufg Union Bank N.a.

BOFCUS33 and BOFCUS33XXX are the short and the long form of the same bank identifier, and both lead to Mufg Union Bank N.a. in New York,ny. Banks worldwide use BIC codes to direct payments between countries to the right institution. In practice you usually come across the code on international invoices, in your banking app and in the bank details of Mufg Union Bank N.a. customers.

Below we go through the practical side: money coming in from abroad, sending money abroad and how to check a SWIFT code before you hit send. Remember that the BIC just identifies the bank, not the account: the IBAN or account number takes care of that.

International transfers from Mufg Union Bank N.a.: the real cost

When you send money to another country from Mufg Union Bank N.a., the visible fee is only part of the cost. On top of a fixed fee, banks in between may deduct a fee, and if the money changes currency the bank often applies a rate below the real market rate.

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

Specialised transfer providers often offer rates closer to the mid-market rate. On GoldexPay you can compare the amount that arrives across providers, which makes the cheapest option easy to spot. Choosing a specialist does not mean leaving Mufg Union Bank N.a.: you simply pay the service from your account.

What to give a sender who pays you at Mufg Union Bank N.a.

When you expect money from abroad, send the payer all details at once. The basics are: your name, account number or IBAN, BOFCUS33XXX or BOFCUS33 and often your home address.

It helps to include Mufg Union Bank N.a. and New York,ny as well. A typo in your account number can be more trouble than you might think; copy them from your banking app rather than typing.

An incoming payment will not always arrive for the full amount. Charges on incoming payments differ from bank to bank. Agree with the sender who pays which costs, especially for larger amounts.

Scams that use SWIFT codes

Criminals regularly use payment requests with changed bank details, sometimes in an email that looks completely genuine. A real SWIFT code tells you nothing about who owns the account.

Check new payment details through a different channel, such as a phone number you already know. Urgency and requests to keep it quiet are red flags; a genuine business can wait for you to check. Already paid? Contact your bank straight away and have them start a recall.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to refund the difference abroad. Wait until the money is actually in your account.

Before you send: check the Mufg Union Bank N.a. code

Ask the recipient to send you their account details directly from their banking app. When the code you were given differs from BOFCUS33 or BOFCUS33XXX, do not guess.

Errors in the BIC tend to be costly rather than fatal: often the payment comes back, minus fees. Remember the account number: an error there can be harder to undo than a wrong code.

An automatic check in your banking app only tells you that the code exists. Where available, a name check on the recipient adds an extra layer of safety. For a first payment, many people send a small amount first before sending the rest.

Why Mufg Union Bank N.a. has an 8- and an 11-character code

A BIC is built from a few fixed parts: the first four letters identify the bank, the next two show the country and the two after that mark the location. Combined, these eight characters make up BOFCUS33.

Many payment forms work with both lengths. If yours requires eleven characters, use BOFCUS33XXX, otherwise BOFCUS33 is fine.

Do not add spaces or dashes when you enter BOFCUS33 or BOFCUS33XXX. Look out for O versus 0 or I versus 1.

Choosing between the 13 SWIFT codes of Mufg Union Bank N.a.

With 13 codes, Mufg Union Bank N.a. is one of the banks that register separate codes for branches. The head office code remains BOFCUS33XXX.

Unless the recipient tells you otherwise, go with BOFCUS33XXX. Branch codes are only needed if the account holder explicitly asks for it, which is more common for business accounts and trade services.

Unsure which code to use? Check with the recipient, or look at a recent statement from Mufg Union Bank N.a.. Codes for branches are more prone to be retired than the head office code when a bank merges or closes offices.

A note on our data

Our SWIFT/BIC directory draws on publicly available sources. It can happen that information on this page is out of date, for example after a merger. Counts and locations are from our own dataset and are not confirmed by Mufg Union Bank N.a..

For a payment that matters, always confirm the BIC with the recipient’s bank or with the recipient. GoldexPay is independent of Mufg Union Bank N.a.. Found outdated information? Let us know via our contact form so we can correct it.

When will the money arrive at Mufg Union Bank N.a.?

How fast a payment arrives at Mufg Union Bank N.a. depends on a few things: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Payments made late in the day or on weekends and holidays usually go out the next business day. Occasionally a bank wants to know what the payment is for, which can hold things up.

When a payment takes longer than expected, contact your bank about the status. Money transfer services usually provide a status online showing where the money has got.

A delayed transfer is investigated from the sending side on the basis of the transfer details. On the receiving end, it helps to check your account to see a slightly lower amount, since fees may have been deducted.

The US Dollar and what conversion costs you

The currency in United States is the US Dollar (USD). Money sent in a different currency will be exchanged into USD, and whoever converts it chooses the rate. There is rarely a separate line for that conversion – the cost sits in the rate.

Who does the conversion has an effect on the final amount, as rates and margins differ per bank. Compare how much USD the recipient gets with different services.

Exchange rates change all the time – some services let you fix a rate in advance. With bigger transfers, a seemingly small difference in the rate can be worth more than the fee.