UBS Securities LLC SWIFT/BIC code

What UBSSUS31 means for a payment to UBS Securities LLC

UBSSUS31 and UBSSUS31XXX are two spellings of the same SWIFT/BIC code, and both lead to UBS Securities LLC in New York,ny. A SWIFT code tells the sending bank exactly which bank is meant to get the money, much like a postcode for banks. You will need it mostly for transfers between countries and payments in foreign currencies.

Further down we go through the practical questions: receiving money at UBS Securities LLC, paying someone in another country and how to verify the code before you confirm a payment. The SWIFT code alone does not identify an individual account holder; for that you need the IBAN or account number is for.

Protect yourself against fake payment requests

One of the most common tricks goes like this: you receive a request saying that a supplier now has a new bank account and asking you to pay there from now on. That UBSSUS31 is a real code does not mean that the account is legitimate.

Never trust a phone number in the same message that announces the new account. Urgency and secrecy are red flags. If money was sent to the wrong account, contact your bank immediately.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference abroad. A screenshot of a transfer is no proof.

International transfers from UBS Securities LLC: the real cost

A bank transfer abroad can cost more than the listed fee. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, above all, the exchange rate markup.

The markup on the rate is often the biggest cost. A simple test: put the bank’s rate next to the mid-market rate and look at the difference.

For a lot of currency pairs, a transfer service is less expensive than a bank, mainly because of the exchange rate. GoldexPay compares what recipients receive with different services. Choosing a specialist does not require leaving UBS Securities LLC – you pay the provider from your own account.

Is UBSSUS31 still correct? How to check

The best place to find the correct BIC is paperwork issued by the bank, such as a statement or the account details in online banking. Check that code with UBSSUS31 here and ask if anything does not match.

If the code is wrong, the payment might get stuck, be returned or end up costing more – sometimes after weeks of searching. A mistake in the account number can be a bigger problem because it can reach the wrong person.

Most online banking apps validate the structure of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. More and more banks check the payee name with the account – do not ignore a mismatch warning. Sending a small amount first can be a sensible step for large sums despite the extra fee.

Transfer times and tracking a payment to UBS Securities LLC

A SWIFT payment typically takes anywhere from one to several business days – it depends on currency, route and the banks in between. Payments made late in the day or just before weekends and holidays often go out the next business day. Extra checks by one of the banks can also add a delay, even when all details are correct.

If the money seems delayed, contact the sending bank for the tracking status. Keep the payment confirmation until the money has arrived.

A delayed transfer is investigated from the sending side. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

A note on our data

The details on this page come from public sources. It is possible that information here is out of date, for example after a merger. The figures we show are based on what is in our directory and not on information from UBS Securities LLC itself.

For a payment that matters, check the BIC with the recipient’s bank or the recipient. GoldexPay is not affiliated with UBS Securities LLC, we only compare transfer services. Spotted outdated information? Let us know via our contact form and we will look into it.

What the XXX in UBSSUS31XXX means

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. That gives you UBSSUS31, the short form of the code.

XXX at the end of UBSSUS31XXX is not a placeholder or a mistake: it indicates the main office of UBS Securities LLC. Some banking apps ask for 11 characters, and then you simply enter XXX after UBSSUS31.

As a rule the code is written in capitals. Look out for the letter O and the digit 0 and the letter I and the digit 1, a common source of typos.

Choosing between the 2 SWIFT codes of UBS Securities LLC

With 2 codes in 2 locations, UBS Securities LLC is one of the banks that register individual codes for parts of the organisation. The main code is UBSSUS31XXX.

Usually there is no need to look up a branch: payments sent to UBSSUS31XXX reach UBS Securities LLC correctly. A branch code only makes sense if the recipient’s bank specifically mentions it.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes are sometimes changed or retired when banks reorganise.

US Dollar (USD) and conversion costs

The currency of United States is the US Dollar (USD). Money sent in a different currency will be converted into USD on its way to UBS Securities LLC. Each conversion costs the amount.

Who converts the payment makes a difference. Transferring the amount directly in USD usually prevents an extra conversion at the receiving end – as long as your own rate is good.

Rates for USD change during the day – some services let you fix a rate in advance. On larger amounts, a seemingly small difference in the rate adds up quickly.

What to give a sender who pays you at UBS Securities LLC

If you expect money from abroad, give the sender a complete set of details. That means: your name exactly as it appears on the account, your account number or IBAN, the BIC UBSSUS31XXX (or UBSSUS31) and, often, your postal address.

Their bank might also ask for the address of your bank; the head office in New York,ny is usually fine. Double-check every detail before you send them, because the sender’s bank usually copies them as is.

Expect that the incoming amount is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin applies. Agree with the sender who pays which costs, especially for larger amounts.