Quakertown National Bank SWIFT/BIC code

SWIFT/BIC code of Quakertown National Bank

QNABUS31 and QNABUS31XXX are two ways of writing the same SWIFT/BIC code, and both lead to Quakertown National Bank in Quakertown,pa. The code does one job: it makes sure that a cross-border transfer reaches the right bank. In daily life you mostly come across the code on invoices from abroad, in payment forms and on the account details that Quakertown National Bank provides.

On this page you can read how the code is put together, when it matters and which other details you need for a transfer to or from Quakertown National Bank. The SWIFT code alone does not identify an individual account holder; for that you need the IBAN or account number is for.

Getting paid from abroad into a Quakertown National Bank account

When you expect money from abroad, give the sender everything they need in one go. Give them the account holder’s name, your account number or IBAN, SWIFT code QNABUS31XXX and your address, which some banks require.

Certain banks want the address of Quakertown National Bank, so keep it at hand. A typo in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

Expect that the amount credited is below the amount on the sender’s receipt. Correspondent banks can take a fee, Quakertown National Bank may charge for incoming payments, and when currencies differ, an exchange rate margin comes on top. For business payments, it is common to state who bears the costs to avoid a shortfall.

A note on our data

The details on this page come from public sources that we update regularly. Still, banks merge or retire codes. Counts and locations are from our own dataset and may differ from what Quakertown National Bank publishes.

Treat this page as a reference, rather than as the final word – the bank details from the recipient are leading. GoldexPay is an independent comparison site for money transfers and not part of Quakertown National Bank. Should you notice a mistake, we welcome a short note.

Watch out for payment fraud

Stay alert if a contact suddenly wants you to pay into another account abroad. A real SWIFT code says nothing about who owns the account.

Do not rely on a phone number from the same email that contains the change. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. Already paid? Call the bank you paid from straight away and ask them to start a recall; also report it to the police.

Recipients are targeted too: one known trick is an overpayment followed by a request to send back the difference to another account. Wait until the money has really arrived – ask Quakertown National Bank if something looks wrong.

Sending money abroad from Quakertown National Bank

If you send money to another country from Quakertown National Bank, the fee you see is only part of the cost. Besides a fixed fee, banks in between can deduct a fee, and when the money changes currency, the bank usually applies a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the biggest item, and it is easy to miss. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of currency pairs, a transfer service is less expensive than a bank – mostly thanks to the rate. Before your next transfer, take a minute comparing what arrives via GoldexPay rather than accepting the bank’s rate by default. You can still use your account at Quakertown National Bank as the source of the money; only the conversion and sending happen elsewhere.

Is QNABUS31 still correct? How to check

Have the recipient copy the account details straight from a recent statement. If the code you have does not match QNABUS31 or QNABUS31XXX, stop and ask.

With a wrong code, the transfer might be delayed, bounce back or cost extra. Do not forget the account number: an error there can be harder to correct than a wrong BIC.

Most online banking apps validate the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. If your bank offers it, a name check on the recipient gives extra certainty. When you pay someone new, some people send a small test amount.

8 or 11 characters: QNABUS31 versus QNABUS31XXX

The structure of every SWIFT code never changes: a bank code of four letters, two for the country and a two-character location code. For Quakertown National Bank, that core is QNABUS31.

The 11-character version has three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, which is why QNABUS31XXX and QNABUS31 lead to the same place.

In practice the code is typed in capitals, without spaces or dashes. A wrong character can send a payment to a different institution, so check it twice.

How long does an international transfer to Quakertown National Bank take?

A SWIFT payment usually takes anywhere from one to several business days. Transfers sent late in the day or just before a weekend or public holiday usually start a business day later. Sometimes a bank wants to know what the payment is for before releasing it.

A growing number of banks use SWIFT gpi. Every payment gets a unique transaction reference, the UETR. Specialist transfer services often provide tracking online showing how far the money is.

If the money does not arrive after a few business days, the person who paid should start with their own bank. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

Quakertown National Bank: head office code versus branch codes

We have 4 SWIFT/BIC codes for Quakertown National Bank in 4 places. Next to the head office code QNABUS31XXX, you will find codes for branches, departments or specific services.

In most cases there is no need to look up a branch: transfers sent to QNABUS31XXX reach Quakertown National Bank without problems. A branch code only makes sense when the recipient’s bank explicitly mentions it, which is more common for corporate accounts and specialised services.

The best way is to copy the code directly from the recipient’s statement. Branch codes are more prone to be retired than the head office code when a bank merges or closes offices.

Sending USD to Quakertown National Bank

Accounts at Quakertown National Bank are usually held in USD, the national currency of United States. If you send money in a different currency, the amount gets converted at some point. There is rarely a separate charge for the conversion; it is built into the rate.

Which bank converts the payment matters, because each party uses its own rate. Often you pay less to send USD straight away via a transfer service with a good rate, so that the receiving bank does not need to convert again.

The rate for USD fluctuates constantly. On larger amounts, a seemingly small difference in the rate can be worth more than the fee.