State Street Bank and Trust Co. SWIFT/BIC code

What SBOSUS3F means for a payment to State Street Bank and Trust Co.

The 8-character code SBOSUS3F and the full code SBOSUS3FXXX refer to the same bank: State Street Bank and Trust Co. in Boston,ma, United States. The code does one job: it ensures that an international payment ends up at the right bank. In practice you usually come across it on invoices from abroad, in payment forms and in the bank details that State Street Bank and Trust Co. provides.

Further down you will find the practical side: receiving money at State Street Bank and Trust Co., sending money abroad and how to verify a SWIFT code before you hit send. A SWIFT code identifies a bank or branch, never a single account, which is why you always need the account number too.

Paying someone abroad from your State Street Bank and Trust Co. account

If you transfer money to another country from State Street Bank and Trust Co., the fee you see is rarely all of the cost. Besides a fixed fee, banks in between can take a cut, and when the money changes currency, the bank often uses a rate that is less favourable than the real market rate.

Banks do not show the margin on the rate separately, but you pay it all the same. Compare their rate with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialist money transfer services often use rates closer to the mid-market rate with clearer fees. GoldexPay lists these services side by side so you can see the amount the recipient gets. You can always keep your account at State Street Bank and Trust Co. to fund the transfer, while a cheaper service handles the conversion.

About this information

Our SWIFT/BIC directory is based on publicly available sources and is updated regularly. It is possible that a code on this page is out of date after a merger or reorganisation. The number of codes on this page are based on our own data, not official figures from State Street Bank and Trust Co..

Before a payment of any size, confirm the code with the recipient’s bank or the recipient. GoldexPay is independent of State Street Bank and Trust Co.. Found outdated information? Let us know through the contact page.

How to check SBOSUS3F before you pay

The best place to find the correct BIC is paperwork issued by the bank. Compare it against SBOSUS3F here; if they differ, ask before you pay.

An incorrect BIC may lead to a delay, a returned payment or extra fees for investigation. An error in the IBAN or account number can be a bigger problem; check it just as carefully.

A validity check by your bank merely confirms that the code is valid – not that it belongs to the person you mean to pay. Some banks now compare the payee name with the account before you confirm – do not ignore a mismatch warning. When you pay someone new, many people send a small amount first and wait for confirmation.

Transfer times and tracking a payment to State Street Bank and Trust Co.

There is no single answer: many land within a day while others need several business days. Transfers sent after the cut-off time or on weekends and holidays usually go out the next business day. Sometimes a bank asks about the purpose of a payment before releasing it.

Many banks use SWIFT gpi. Each gpi transfer gets a unique transaction reference, the UETR. Keep the payment confirmation – you will need it for any trace request.

A missing payment is traced by the sending bank, using the payment confirmation. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.

Head office or branch code at State Street Bank and Trust Co.?

State Street Bank and Trust Co. has 283 separate SWIFT/BIC codes across 3 cities. One of them is the head office code; the rest belong to branches, and sometimes specific services.

If nobody asks you for a branch code, go with SBOSUS3FXXX. When you receive a specific code, use it as it is rather than swapping it with the head office code.

The best way is to copy the code straight from the recipient’s statement. Codes for branches are more likely to change than SBOSUS3FXXX.

Changed bank details? Be careful

One of the most common tricks goes like this: an email arrives with a message saying that a supplier now has a new bank account. A valid SWIFT code tells you nothing about who owns the account.

Verify new bank details through a different channel, such as a phone number you already know. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. If money has already gone to a fraudster, call your bank right away.

Fraud also work the other way: someone claims to have sent more than agreed and asks you to refund the difference via a different route. Wait until the money has really arrived – ask State Street Bank and Trust Co. if something looks wrong.

Getting paid from abroad into a State Street Bank and Trust Co. account

For an international payment into your account at State Street Bank and Trust Co., the person paying you needs more than the BIC. That means: your full name exactly as it appears on the account, your IBAN or account number, the BIC SBOSUS3FXXX and sometimes your postal address.

The sender’s bank might also ask for the address of your bank; the head office in Boston,ma is usually fine. Double-check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

What lands in your account is often lower than what was sent. Charges on incoming payments vary from bank to bank – the price list of State Street Bank and Trust Co. tells you what applies. On invoices, it is common to state who bears the costs.

Why State Street Bank and Trust Co. has an 8- and an 11-character code

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. The result is SBOSUS3F for State Street Bank and Trust Co..

Many payment forms accept either length. If yours asks for eleven characters, use SBOSUS3FXXX, otherwise SBOSUS3F is fine.

Type the code as one block, in upper case and without separators, exactly as shown here. A wrong character can send the money to a different institution.

Sending USD to State Street Bank and Trust Co.

United States pays in the US Dollar, with the currency code USD. If you send another currency, the amount has to be converted at some point: by your bank, an intermediary or State Street Bank and Trust Co. itself. There is rarely a separate charge for the conversion.

Where the conversion happens has an effect on the final amount. Check how much USD the recipient gets with several services before choosing one.

Rates for USD move all the time. For regular payments, a slightly better rate make a real difference over a year.