SWIFT/BIC codes in U.S. Virgin Islands

SWIFT/BIC codes in U.S. Virgin Islands

Here you will find the SWIFT/BIC codes of 4 banks in U.S. Virgin Islands. A BIC shows the banks handling a transfer exactly which bank should receive the money.

Search for the bank you need below and open its page to see all codes we have and what else a transfer requires. Below the list we explain how a code from U.S. Virgin Islands is put together, how to send money to U.S. Virgin Islands at a fair price and what to check before you pay.

The US Dollar (USD) and conversion costs

U.S. Virgin Islands uses the US Dollar, code USD. When you pay money in a different currency, it has to be converted at some point.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Often it is cheaper to send USD directly through a transfer service that converts near the mid-market rate rather than letting the receiving bank convert. Rates for USD move all the time, so a quote is usually valid only briefly.

The structure of a U.S. Virgin Islands SWIFT/BIC code

Each SWIFT/BIC code has eight or eleven characters in a fixed order. It starts with four letters for the bank, followed by a two-letter country code and two characters for the location.

You can spot a code from U.S. Virgin Islands from the fifth and sixth characters. A code with a different country code belong to another country, even if the bank name looks familiar.

When a code ends in XXX, it means the main office. In most cases the head office code is fine unless the recipient asks for a specific branch.

Incoming international payments in U.S. Virgin Islands

For a transfer from abroad into a U.S. Virgin Islands account, the person paying you needs more than the BIC. In practice that means: your full name as your bank knows it, your account number or IBAN, the SWIFT/BIC code of your bank and sometimes your address.

Find your bank in the list above. Certain sending banks also want your bank’s address; it does no harm to include it.

Do not be surprised if the amount credited is smaller than the amount on the sender’s receipt. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate applies. On invoices, state who bears the costs to avoid a shortfall.

When does money sent to U.S. Virgin Islands arrive?

There is no fixed delivery time for transfers to U.S. Virgin Islands: many land within a day, others take several business days. Payments made late in the day or on a weekend or public holiday usually start a business day later.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR. Save the payment confirmation.

Epay Systems Limited Liability Com and its SWIFT codes

Of the 4 banks we list for U.S. Virgin Islands, Epay Systems Limited Liability Com has the most codes. Its head office code is ESLOVIV1XXX, which is the code to use when no branch is specified.

How many codes a bank has says something about how it registers branches and services than about how big it is. If not a branch code is given, ESLOVIV1XXX is fine for a payment to Epay Systems Limited Liability Com.

Check the code before you pay

The most reliable source for the BIC is the bank details provided by the recipient. An incorrect BIC may lead to a delay, a payment being sent back or additional charges – compare it with the code in our list.

We gather SWIFT/BIC codes from publicly available data and check our list regularly. Banks reorganise, change names and retire codes, and no directory catches every change immediately. For a payment of any size, confirm the BIC with the recipient. GoldexPay is an independent comparison site and is not affiliated with the banks listed.

Watch out for invoices with changed bank details. A valid BIC says nothing about who owns the account – scammers use the codes of real banks.

Paying a bank in U.S. Virgin Islands from abroad

Since U.S. Virgin Islands is outside SEPA, an international payment is usually sent as a SWIFT payment. This means you always need the SWIFT/BIC code of the receiving bank.

Not all countries use the IBAN – where there is none, the local account number is enough. Ask the recipient which details their bank requires for payments from abroad. International transfers sometimes go via one or more intermediary banks, each of which may deduct a fee.

Sending money to U.S. Virgin Islands for less

If you send money to U.S. Virgin Islands through a regular bank, the stated fee is rarely all of what you pay. On top of the fee, intermediary banks may take a cut, and when the money is converted the bank usually uses a rate below the real market rate.

The markup on the rate is often the biggest cost item. An easy check: set the rate you get against the mid-market rate and work out the difference on your amount.

For many currency pairs, a transfer service is less expensive than a bank, mainly because of the rate. GoldexPay compares these providers side by side so you can see the amount that reaches the recipient for the same amount sent.