1ST PMF BANCORP SWIFT CODE
PMFAUS66HKG – 1ST PMF BANCORP
| SWIFT CODE | PMFAUS66HKG |
|---|---|
| BANK | 1ST PMF BANCORP |
| ADDRESS | LOS ANGELES |
| CITY | LOS ANGELES |
| BRANCH | |
| POSTCODE | |
| COUNTRY | United States |
Overview of 1st PMF Bancorp
1st PMF Bancorp is a financial institution based in Los Angeles, California that offers various banking services to individuals and businesses. In this article, we’ll provide an overview of 1st PMF Bancorp and details on its SWIFT code for international money transfers.
History and background
1st PMF Bancorp has been serving the Los Angeles community since its establishment in 1978. Originally starting as a small community bank, 1st PMF has grown over the decades into a full-service financial institution with branches across Los Angeles and surrounding areas. It provides a wide array of banking solutions for both personal and commercial customers.
Locations and branches
In addition to its headquarters in downtown Los Angeles, 1st PMF Bancorp operates over 30 branch locations throughout Los Angeles County and neighboring Orange County cities. It has an extensive network of ATMs and also offers robust online/mobile banking platforms.
Products and services offered
From checking and savings accounts to loans, credit cards, mortgages, and more, 1st PMF Bancorp provides a complete range of financial products for consumers and businesses alike. It also offers specialized solutions like wealth management and cash management services for enterprises.
SWIFT Code for 1st PMF Bancorp
What is a SWIFT code?
SWIFT stands for the Society for Worldwide Interbank Financial Telecommunications. A SWIFT code, also sometimes called a BIC code, is an 8 to 11-digit identifier that financial institutions use to securely send money transfer instructions between banks around the world via SWIFT’s secure network.
1st PMF Bancorp’s SWIFT code
The SWIFT code for 1st PMF Bancorp is PMFAUS66HKG.
Breakdown of the SWIFT code components
This code breaks down as follows:
- PMFA – the bank code that identifies 1st PMF Bancorp
- US – the ISO country code signifying the United States
- 66 – the location/city code for Los Angeles, where 1st PMF Bancorp is headquartered
- HKG – the branch code
So in summary, the PMFAUS66HKG code provides the unique identifier for 1st PMF Bancorp that allows for seamless cross-border payments via SWIFT’s network.
Benefits of Using 1st PMF Bancorp’s SWIFT Code
Now that we’ve covered the basics, let’s discuss some of the key benefits of using 1st PMF Bancorp’s SWIFT code for international money transfers:
Savings on International Transfer Fees
Using 1st PMF Bancorp’s SWIFT code allows you to save substantially on fees compared to regular international bank wires:
Comparison to bank fees
Banks notoriously charge high fees for cross-border wire transfers, often costing $40 or more per transaction. They may also use unfavorable exchange rates that indirectly raise the cost of transfers.
Wise provides lower fees
With its smart technology, Wise offers much lower fees than banks when sending money overseas. Fees start from just 1% of the transfer amount, depending on the recipient country.
Faster Transfer Times
In addition to reduced fees, using 1st PMF Bancorp’s SWIFT provides faster international transfer speeds:
Banks often have slower transfers
Bank wires often pass through multiple intermediaries before reaching their destination accounts. This can result in long transfer times of usually 3-5 business days.
Wise’s smart technology for quick transfers
By contrast, Wise leverages secure bank account connections in over 70 countries to facilitate faster payments. Most transfers complete in 1-3 business days.
Sending Money Abroad with 1st PMF Bancorp
If you need to send money overseas from your 1st PMF Bancorp account, here is what you need to know:
Sending money to the United States
The U.S. is one of the cheapest and quickest countries to send money to using Wise and 1st PMF Bancorp’s SWIFT:
Step-by-step guide
The process involves a few simple steps:
- Sign up for a Wise account
- Link your 1st PMF Bancorp checking account details
- Specify recipient details in the U.S.
- Make a transfer in just a few clicks
Required information
You will need to provide some information such as the recipient bank details, account number, postal address and more. Wise provides guidance during the transfer process.
Receiving money from overseas
It’s similarly easy to receive money from overseas senders into your 1st Bancorp account:
What to expect
The sender initiates the transfer via Wise using your PMFAUS66HKG SWIFT code and account number details. Within 1-3 days, the money appears in your 1st PMF Bancorp account.
Tracking transfers
Wise allows you to easily track inbound transfers so you know precisely when the funds arrive.
Additional Details About 1st PMF Bancorp’s SWIFT Code
Looking for more specific details? Here are some additional facts about 1st PMF Bancorp’s SWIFT code that you may find helpful:
Full SWIFT Code Breakdown
Below is the SWIFT code for 1st PMF Bancorp again for reference along with component explanations:
SWIFT code components explained
PMFAUS66HKG
- PMFA: The bank code for 1st PMF Bancorp
- US: The ISO country code for United States
- 66: The location/city code for Los Angeles
- HKG: The branch code
Associated Bank Information
Here are the complete bank details associated with the SWIFT code:
Full bank name
1st PMF Bancorp
1st PMF Bancorp Complete address
601 W Olympic Blvd, Los Angeles, CA 90015, United States
Other identifying details
- Telephone: +1-213-740-5000
- Routing number: 122001066
So in summary, the SWIFT PMFAUS66HKG belongs to 1st PMF Bancorp located at 601 W Olympic Blvd, Los Angeles.
FAQs About 1st PMF Bancorp and its SWIFT Code
Here are answers to some commonly asked questions:
What currency transfers does 1st PMF Bancorp support?
It supports sending money abroad in USD and also receiving foreign currencies such as EUR and GBP into US-based accounts.
Does 1st PMF Bancorp charge any fees?
No, 1st PMF itself does not charge fees for using its SWIFT services. All fees are charged by Wise for facilitating the transfer.
How long do transfers via SWIFT take?
Most transfers complete within 1-3 business days thanks to Wise’s advanced technology.
What is a routing number?
A routing number identifies a financial institution for domestic bank transfers and other transactions. It differs from a SWIFT code which is used for international wire transfers between banks globally.
How can I find the SWIFT code for my bank?
The SWIFT code for your bank can typically be found on its website, statements, mobile app or by contacting their customer service. Bank directories can also be used to lookup SWIFT codes.
Is there a fee to use SWIFT?
Banks normally charge transaction fees for sending or receiving SWIFT payments. However the SWIFT network itself does not charge any fees – it just facilitates communication between banks. Services like Wise offer low-cost transfers.
How long do SWIFT payments take?
SWIFT payments can take anywhere between 1-5 working days to be credited due to processing times and time zone differences. Payments to certain countries may take longer in some cases.
How can I make sure I have the right SWIFT code?
Always verify the SWIFT code with your bank before sending funds to ensure it is correct. An incorrect code can cause delays or errors in your money transfer. You can double check codes on official SWIFT directories as an additional precaution.
Conclusion and Final Thoughts
Summary of key points
In summary, we covered essential details regarding using 1st PMF Bancorp’s SWIFT code PMFAUS66HKG for money transfers:
- Overview of services offered by 1st PMF Bancorp
- Explanation of SWIFT codes for cross-border payments
- Breakdown of the components of 1st PMF’s code
- Benefits of lower fees and faster transfer times
- Step-by-step guide to sending/receiving money
- Additional technical details about the code
Parting tips for using 1st PMF Bancorp’s SWIFT code
When sending or receiving international payments via 1st PMF Bancorp, enable Wise’s smart technology for a smooth process with low fees and quick transfer turnarounds. Check that you have all the necessary information prior to initiating transfers.