Park National Bank SWIFT/BIC code

What PANOUS41 means for a payment to Park National Bank

The short code PANOUS41 and the 11-character code PANOUS41XXX identify the same bank: Park National Bank in Chicago,il, United States. Every bank on the SWIFT network uses BIC codes to route payments between countries to the correct bank. You will need it mainly when dealing with payments that cross a border or a currency.

Further down you will find the practical questions: receiving money at Park National Bank, sending money abroad and how to check a SWIFT code before you hit send. Keep in mind that the SWIFT code just identifies the bank, not the account: the account number or IBAN takes care of that.

About this information

The directory on GoldexPay is based on public sources. It is possible that a code on this page is no longer current after a merger or reorganisation. The number of codes on this page are based on our own data.

See our directory here as a helpful check and rely on the recipient or Park National Bank for the final confirmation. GoldexPay has no connection to Park National Bank, we only compare transfer services. Should you notice a mistake, we appreciate a message.

Park National Bank: head office code versus branch codes

Park National Bank uses 2 separate SWIFT/BIC codes. One of them is the head office code; the others identify branches or departments.

For most incoming transfers, the head office code PANOUS41XXX is the right choice. Just use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

Scams that use SWIFT codes

Stay wary when someone suddenly wants you to send money to another account or a bank in another country. The fact that PANOUS41 exists is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Check changed payment details via a different channel, not by replying to the message. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Contact your bank without delay and ask them to try to recall the payment and report the fraud.

Scams also target the receiver: someone claims to have sent more than agreed and asks you to return the difference via a different route. Wait until the money is actually in your account.

Paying into Park National Bank in USD

Most accounts at Park National Bank are typically held in USD, the local currency. When you pay money in a different currency it has to be converted somewhere along the way: by your bank, an intermediary or Park National Bank itself. Every conversion costs the amount.

Who does the conversion affects how much arrives, since every bank sets its own rate. Compare how much USD the recipient gets via several providers before choosing one.

The rate for USD changes throughout the day, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate make a real difference over a year.

Is PANOUS41 still correct? How to check

Ask the recipient to send you their account details directly from their online banking. Check it with PANOUS41 here.

A wrong SWIFT code can cause delays, a returned payment or extra fees for investigation. A mistake in the IBAN or account number can be more serious because it can reach the wrong person, so check that just as carefully.

Many banking apps validate the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a name check before sending adds an extra layer of safety. Sending a small amount first can be worth it for a large first payment despite the extra fee.

Why Park National Bank has an 8- and an 11-character code

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. The result is PANOUS41 for Park National Bank.

XXX at the end of PANOUS41XXX does not stand for a placeholder or an error: it stands for the head office of Park National Bank. Some banking apps insist on 11 characters, in which case you simply add XXX after PANOUS41.

Leave out spaces when you enter PANOUS41; the code is always written in one block. A single character may route a payment to a different institution, so copy it carefully.

Tracking a transfer to or from Park National Bank

How fast a transfer arrives at Park National Bank depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Payments made late in the day or just before a weekend or public holiday often start the next business day. Occasionally a bank wants to know what the payment is for before releasing it.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR that banks can use to trace it. Money transfer services usually show a status online so you can see where the payment is.

If the money does not arrive after a few business days, the sender should start with the bank that sent it, not the receiving bank. As a recipient, you can look at your account to see a partial amount, since fees may have been deducted.

Receiving money from abroad at Park National Bank

Someone abroad who wants to pay you needs several details from you – incomplete details often cause delays. Share your name as the bank knows it, the IBAN or account number, the BIC PANOUS41XXX and your address.

Some sending banks also ask for the name and address of Park National Bank in Chicago,il; it does no harm to include it. A typo in the IBAN can be more trouble than it looks; copy them from your banking app rather than typing.

An incoming payment does not always arrive for the full amount. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, a markup on the rate comes on top. Agree with the sender who pays which costs.

International transfers from Park National Bank: the real cost

When you transfer money abroad through Park National Bank, the fee you see is only part of the cost. On top of the transfer fee, correspondent or intermediary banks may take a cut, and when the money changes currency the bank usually uses a rate below the real market rate.

Many banks do not show the margin on the rate as a cost – you only notice it if you compare. An easy check: set the bank’s rate 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 cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares these services next to each other so you can see what actually arrives for the same amount sent. You can still keep your account at Park National Bank; only the conversion and sending happen elsewhere.