Signature Bank SWIFT/BIC code

Signature Bank SWIFT code: SIGRUS41

SIGRUS41 and SIGRUS41XXX are two spellings of the same bank identifier, and both lead to Signature Bank in Dallas,tx. Every bank on the SWIFT network uses these codes to route payments between countries to the correct institution. You will need it mostly for transfers between countries or a currency.

This page is meant to help anyone who sends money to an account at Signature Bank. The BIC identifies an institution, never a single account, which is why you always need the account number too.

The US Dollar and what conversion costs you

The local currency of United States is the US Dollar (USD). A payment in a foreign currency is exchanged into USD on its way to Signature Bank, and whoever converts it chooses the rate. You rarely see a separate charge for that conversion.

Who converts the money makes a difference, because each party uses its own rate. Check how much USD arrives via several providers.

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

Tracking a transfer to or from Signature Bank

How quickly a transfer arrives at Signature Bank is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Weekends and public holidays in either country can add extra days, since banks do not process on those days. Sometimes a bank asks about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi. Each gpi transfer gets a unique reference, the UETR that banks can use to trace it. Money transfer services often provide a status in their app so you can see where the money is.

Only the sending bank can start an official trace. As a recipient, it helps to check your statements for a partial amount, since fees may have been deducted.

How up to date is this code?

The codes here are taken from public sources which we refresh regularly. Institutions merge, close branches and change codes – a directory can be a step behind. Figures such as the number of codes are from our own dataset.

For a payment that matters, check the BIC with Signature Bank or with the recipient. GoldexPay is an independent comparison service and not affiliated with Signature Bank. Should you notice a mistake, we welcome a short note via the contact page.

Choosing between the 2 SWIFT codes of Signature Bank

With 2 codes, Signature Bank is one of the banks that use separate codes for branches. The main code remains SIGRUS41XXX.

Unless the recipient tells you otherwise, go with SIGRUS41XXX. When you receive a specific code, stick to it instead of swapping it for the head office code.

Unsure which code to use? Ask the recipient or the bank itself. Branch codes are sometimes changed or retired when banks reorganise.

Getting paid from abroad into a Signature Bank account

To receive an international payment at Signature Bank, the sender needs not just the BIC. That means: your full name exactly as it appears on the account, your IBAN or account number, the BIC SIGRUS41XXX (or SIGRUS41) and, often, your postal address.

You can include Signature Bank and Dallas,tx too, since some forms ask for it. A typo in your account number can be harder to fix than it looks.

An incoming payment does not always land for the full amount. Fees for incoming transfers differ per bank – the price list of Signature Bank tells you what applies. For business payments, it is common to agree who bears the costs, so that nobody is left short.

What the XXX in SIGRUS41XXX means

The structure of a BIC never changes: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. Combined, those parts form SIGRUS41.

XXX at the end of SIGRUS41XXX is not a missing value or a mistake: it indicates the main office of Signature Bank. Some forms ask for 11 characters, in which case you can enter XXX after SIGRUS41.

In practice the code is written in capitals, without spaces or dashes. Copying the code is safer than retyping it: a typo can point to another bank.

Protect yourself against fake payment requests

A common scam goes like this: an email arrives with a message claiming that a supplier has a new bank account and that the next payment should go there. That SIGRUS41 is a real code is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Before paying, verify a change of bank details by phone on a number you know, not one from the message. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. When a payment has already gone to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to send back the difference abroad. Wait until the money is actually in your account – ask Signature Bank if something looks wrong.

International transfers from Signature Bank: the real cost

What you pay for a payment abroad has several parts – not just the fee on your screen. There is the fee for the transfer itself, sometimes charges from correspondent banks in between and, above all, the exchange rate markup.

Many banks do not list their exchange rate markup as a cost, but you pay it all the same. An easy check: set the rate you get against the mid-market rate and look at the difference.

Money transfer services frequently use a rate near the mid-market rate. GoldexPay compares these services next to each other, showing the amount the recipient gets. You can always keep your account at Signature Bank.

How to check SIGRUS41 before you pay

The best place to find the right code is a document from the bank itself like a bank statement or the account page in online banking. When the code you were given differs from SIGRUS41 or SIGRUS41XXX, do not guess – contact the recipient or Signature Bank.

If the code is wrong, the transfer may be delayed, bounce back or end up costing more. Remember the IBAN: an error there is more difficult to undo than a wrong BIC.

An automatic check by your bank merely tells you that the code exists, not that it is the right account. Some banks now check the name against the account. For a first payment, many people start with a small test amount before sending the rest.