This SWIFT code is inactive.

COUNTRYUnited States
Detailed information about SWIFT Code SRCEUS31

Overview of 1ST SOURCE BANK

1ST SOURCE BANK is a regional bank based in South Bend, Indiana serving customers across the Midwest. It operates over 100 branches and offers a full range of banking and financial services including checking and savings accounts, loans, credit cards, mortgages, insurance, investments, and more. 1ST SOURCE BANK has over $7 billion in assets and prides itself on building long-lasting relationships with customers and local communities.

Location and contact details

The headquarters of 1ST SOURCE BANK is located at 100 North Michigan Street, South Bend, Indiana, 46601. The SWIFT code SRCEUS31 belongs to the 1ST SOURCE BANK branch situated at 1704 Commerce Drive, South Bend, Indiana, 46628. However, this SWIFT code is currently inactive.


A SWIFT code is a standard format for Business Identifier Codes (BICs) that identifies banks and financial institutions globally to facilitate international money transfers. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunications.

SWIFT codes are 8-11 alphanumeric characters long and provide key details about a bank including its name, location, and branch. These codes allow fast and secure cross-border payments by eliminating any ambiguity regarding the recipient.

SWIFT code and details

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication and is used to facilitate international money and security transfers. The SWIFT code provides details about the bank and branch where an account is held.

The SWIFT code SRCEUS31 breaks down as:


US – Country code for United States

31 – Location code

XXX – Branch code

This SWIFT code belongs to a specific 1ST SOURCE BANK branch but is inactive for international transfers. Customers need to verify alternate SWIFT codes for international transactions.

Money Transfer Options

One can save on international transfer fees by using services like Wise (formerly TransferWise). Wise offers faster and cheaper overseas money transfers compared to banks.

Using Wise for International Transfers

Benefits of Using Wise

  • Lower fees – Wise has nominal fees, saving up to 8x compared to typical bank transfer charges
  • Faster transfers – Over 50% of transfers via Wise reach beneficiaries instantly
  • Easy account setup – It just takes seconds to create a Wise account online
Sending Money Abroad with Wise

Wise allows creating transfers in a few clicks on its website or mobile app. One can send money to over 70 countries by logging into their Wise account, adding a recipient, selecting payout amount and country, making a domestic payment to Wise via bank transfer/card, and Wise transfers the funds internationally.

Receiving International Payments via Wise

To receive money from overseas, add your account details to Wise by verifying your identity. Ask the sender to make the payment to your Wise account using bank transfer or other methods. Wise converts the money and deposits in your account. It offers local accounts in 10+ currencies.

Accounts and Services

Types of accounts offered

1ST SOURCE BANK offers personal and business checking accounts with no monthly maintenance fees and minimum balance requirements. Account types include Free Checking, Interest Checking, Premier Checking, IBC Free Business Checking etc.

Savings and money market accounts, CDs, IRAs, health savings accounts are also available with flexible terms and competitive interest rates.

Digital and mobile banking services

1ST SOURCE BANK offers online banking services and a mobile banking app for convenient account access on-the-go. Customers can check balances, transfer funds, pay bills, deposit checks, set alerts and more. Additional services like online account opening, peer-to-peer payments are also offered.

Loans and credit products

The bank provides various lending solutions including personal loans, home loans, home equity loans, auto loans, credit cards, student loans and business financing options like SBA loans. Customers can benefit from customized solutions and localized decision making.

Wealth management and investments

Customers have access to a range of investment and wealth management solutions provided in partnership with 1st Source Bank Investment Advisors Inc. This includes brokerage accounts, asset management, estate planning, retirement services and insurance solutions from knowledgeable advisors.

Features and Benefits

Interest rates and fees

1ST SOURCE BANK offers current interest rates and fee schedules for checking, savings, money market and CD accounts on their website. Rates are competitive and there are minimal account fees for maintaining balance requirements.

Accessibility and convenience

With over 100 branches across Indiana and Michigan, online/mobile banking and extensive ATM networks, 1ST SOURCE BANK provides localized and easily accessible banking options customized for customer convenience.

Security measures

1ST SOURCE prioritizes security by safeguarding customer information and transactions with encryption, multi-factor authentication, fraud monitoring, chip card technology and additional verification layers to prevent unauthorized access.

Company History and Background

Founding and early years

1ST SOURCE BANK was founded in 1863 and originally operated as First National Bank for over a century. The current name was adopted in the 1980s after mergers with other regional banks like Valley American Bank, Ameritrust and Alliance Bank.

Recent history and developments

In recent years, 1st Source has focused on technological upgrades after acquiring a digital solutions company. They have heavily invested in improving mobile and online banking capabilities and data analytics. Geographic expansion has also taken place across Central Indiana.

Ownership and management

1ST SOURCE BANK trades on the NASDAQ with the ticker symbol SRCE. While not locally owned anymore, decision making is still centralized within Indiana leadership teams. The current Chairman is Daniel B. Fitzpatrick with Christopher J. Murphy III serving as President and CEO.

Comparison to Other Banks

Market position and competitors

As Indiana’s largest locally controlled bank, 1ST SOURCE BANK controls significant market share in Michiana branches. Competitors include Chase, PNC, KeyBank and Wells Fargo. With personalized services and community focus, 1st Source attracts loyal individual and commercial customers.

Strengths and weaknesses

1ST SOURCE BANK’s main strengths lie in its wealth management capabilities, relationship banking approach and well-integrated digital products. High costs and account fees have been cited as weaknesses in some customer reviews. The bank is also small enough to react slowly to national financial trends.

Customer Satisfaction and Reviews

Survey results and testimonials

Customers praise 1ST SOURCE BANK for welcoming staff, smooth onboarding and ease of processes. As per surveys, they score higher than average in overall satisfaction. Many customers highlight relationship manager expertise and robust digital channels.

Awards and recognition

1ST SOURCE has received awards as a Top Workplace, “Best Bank” from readers and high marks from analysts for financial stability. Individual executives are also recognized regularly as community or business leaders.

Complaints and issues

Most common complaints relate to account errors, documentation delays for loans, higher loan rates, pesky fees and poor dispute resolution. A few branches have also faced staff behavior issues but grievances are usually resolved promptly by customer service.

Frequently Asked Questions

General FAQs

What are 1ST SOURCE BANK’s hours?

  • Lobby and drive-thru hours vary by branch but are typically open weekdays 9am to 5pm and 9am to 12pm on Saturdays.

Does 1ST SOURCE BANK offer free checking accounts?

  • Yes, they offer free personal and business checking accounts with no monthly fees or minimum balance requirements. Certain restrictions apply.

Account-related FAQs

What is the routing number for 1ST SOURCE BANK?

  • The routing number is 074900710. This 9-digit number is used to process payments and deposits.

How do I open an account online?

  • You can begin the application online but will need to visit a branch to show ID and funding documentation to complete account opening and activation.

Contact and location FAQs

How can I locate my nearest 1ST SOURCE BANK branch or ATM?

  • Use the locator tool on their website for nearest branches, ATMs and shared network ATMs. You can filter by zip code, address or location.

What number should I call for help with online banking issues?

  • Call toll-free at 1-800-513-2360 and select the option for online banking support. Support is available 24/7.


Final thoughts and summary

In summary, 1ST SOURCE BANK is a stable, reputed and long-standing regional bank that places emphasis on building personalized customer relationships. They offer a one-stop shop for checking, savings, lending, investments and other financial solutions with a footprint expanding across the Midwest. Customers can benefit from customer-focused staff, digital convenience and localized decision making. While they don’t compete in size, their individualized services stand out from national megabanks. 1ST SOURCE BANK is ideal for those prioritizing community reciprocity alongside banking needs.

Frequently Asked Questions

What types of accounts does 1ST Source Bank offer?

1ST Source Bank offers a variety of personal and business banking accounts including checking, savings, money market, CD, IRA, and health savings accounts. They also offer loans such as personal, home, auto, student, and business loans.

How can I access my 1ST Source Bank account online or via mobile?

1ST Source Bank offers online banking services and a mobile banking app so customers can access their accounts digitally 24/7. You can check balances, transfer money, deposit checks, pay bills and more.

Does 1ST Source Bank have branches just in Indiana?

No, while founded in Indiana, 1ST Source Bank has over 100 branch locations across both Indiana and Michigan. They offer services across different communities in the Midwest.

Is 1ST Source Bank only focused on banking?

No, in addition to traditional banking services, 1ST Source Bank also provides investment and wealth management solutions like brokerage accounts, asset management, estate planning, retirement planning and insurance products.

What security measures does 1ST Source Bank take?

1ST Source Bank utilizes security measures like encryption, multi-factor authentication, fraud monitoring systems, chip card technology and other verification processes to safeguard customer information and prevent unauthorized transactions or access.

Q: What information is included in a SWIFT code?

A: A SWIFT code includes details like the bank name, country, location, and branch code. It allows quick identification of institutions during international money transfers.

Q: Can I make international transfers without fees?

A: You can drastically reduce fees by using Wise instead of regular bank transfers when sending or receiving international payments.

Q: How long do Wise transfers take?

A: Most Wise transfers reach recipients within a day, over 50% arrive instantly. It offers faster settlement than traditional wire transfers.

Q: Does Wise have local accounts?

A: Yes, Wise allows creating local accounts in 10+ currencies including USD, EUR, GBP, AUD, CAD, etc. to receive deposits from abroad.

Q: Can I send money to someone’s Wise account?

A: Definitely, you can send international payments quickly and securely to anyone’s Wise account using their account details.

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