Oanda Corporation SWIFT/BIC code

OANDUS31 – the SWIFT/BIC code of Oanda Corporation

Whether you are given OANDUS31 or OANDUS31XXX, you are looking at the same address for Oanda Corporation in United States. A SWIFT code shows every bank in the chain exactly which bank should receive the money, a bit like a postal address for banks. It comes up mainly when dealing with transfers between countries or a currency.

On this page we explain what the code means, when you need it and which other details you need for a transfer to or from Oanda Corporation. The SWIFT code on its own does not identify an individual account holder; for that you need the IBAN or account number is for.

Paying into Oanda Corporation in USD

Accounts at Oanda Corporation are typically held in USD, the national currency of United States. If you send another currency, the amount gets converted at some point. Each conversion costs something.

Who converts the money matters, because each party uses its own rate. Compare what USD arrives with several providers before choosing one.

The rate for USD changes throughout the day. On larger amounts, a seemingly small gap in the rate adds up quickly.

Which of the 2 codes of Oanda Corporation do you need?

Our directory lists 2 SWIFT/BIC codes for Oanda Corporation. Next to the head office code OANDUS31XXX, there are codes for branches, departments or specific services.

If nobody asks you for a branch code, use OANDUS31XXX. When you receive a specific code, stick to it rather than replacing it for the head office code.

Not sure which code applies? Ask the recipient or the bank itself. Branch codes are more prone to be retired than OANDUS31XXX when a bank merges or closes offices.

Sending money abroad from Oanda Corporation

When you transfer money to another country via Oanda Corporation, the visible fee is rarely all of the cost. On top of a fixed fee, banks in between may take a cut, and if the money changes currency the bank often applies a rate that is less favourable than the actual market rate.

Banks rarely list their exchange rate markup as a cost. Check their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of routes, a specialist provider is cheaper than a traditional bank transfer – mostly thanks to the rate. On GoldexPay you can compare the amount that arrives across services, so you can pick the cheapest route. You can always keep your account at Oanda Corporation to fund the transfer.

When will the money arrive at Oanda Corporation?

How fast a payment arrives at Oanda Corporation is determined by a few things: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in either country add a day or more to the journey. Compliance checks by one of the banks can also cause a delay, regardless of the details.

If a transfer seems late, contact your bank for the tracking status. Save the payment confirmation until the money has arrived – you will need it for any trace request.

Only the sending bank is able to request a trace or a recall. Ask the sender for a copy of the payment confirmation with the date and reference.

Where our SWIFT data comes from

The details here are taken from publicly available data that we update regularly. It can happen that information on this page is no longer current, for example after a merger. The figures on this page are based on our own data.

See the information on this page as a handy check and rely on the recipient or Oanda Corporation for the final confirmation. We are an independent comparison site and not affiliated with Oanda Corporation. Spotted an error? Let us know via our contact form and we will look into it.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a message claiming that a supplier now has a new bank account. A correct SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Never rely on contact details in the same message that announces the change. Pressure and 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.

Recipients are targeted too: one known 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 and check with Oanda Corporation if anything seems off.

What the XXX in OANDUS31XXX means

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, a two-letter country code and two characters for the location. The result is OANDUS31 for Oanda Corporation.

XXX at the end of OANDUS31XXX does not stand for a missing value or an error: it stands for the head office of Oanda Corporation. Some forms ask for 11 characters, in which case you simply add XXX after OANDUS31.

Leave out spaces when you type OANDUS31 or OANDUS31XXX. Copying the code beats retyping it.

How to check OANDUS31 before you pay

The best place to find the correct BIC is paperwork issued by the bank. When the code you were given differs from OANDUS31 or OANDUS31XXX, stop and ask – contact the recipient or Oanda Corporation.

With a wrong code, the payment might get stuck, bounce back or cost extra – sometimes after weeks of searching. A mistake in the IBAN or account number is a bigger problem, because the money may be credited to someone else.

Many banking apps check the structure of IBANs – that confirms the format, not the owner. If your bank offers it, a name check before sending adds an extra layer of safety. For a first payment, some people send a small test amount before sending the rest.

Getting paid from abroad into a Oanda Corporation account

To receive an international payment at Oanda Corporation, the person paying you needs not just the BIC. What they need is: your name, account number or IBAN, OANDUS31XXX and often your postal address.

Certain banks want the address of Oanda Corporation in New York,ny; it does no harm to include it. Double-check each detail before you send them.

What lands in your account can be lower than the amount sent. Charges on incoming payments vary per bank; check the price list of Oanda Corporation. For business payments, it is common to agree how the fees are split, so that nobody is left short.