ABACUS FEDERAL SAVINGS BANK SWIFT CODE

AFSBUS33 – ABACUS FEDERAL SAVINGS BANK

SWIFT CODE	AFSBUS33
BANK	ABACUS FEDERAL SAVINGS BANK
ADDRESS	6 BOWERY
CITY	NEW YORK
BRANCH
POSTCODE	10013
COUNTRY	United States

Detailed information about SWIFT Code AFSBUS33

Abacus Federal Savings Bank:

Sending Money Internationally with SWIFT Code AFSBUS33

Abacus Federal Savings Bank is a community bank that has been serving New York since 1984. With its headquarters and single branch located at 6 Bowery in New York City, Abacus provides personalized banking focused on loans, mortgages, savings products, and more for local customers.

Overview and History

Founded in 1984 in the Chinatown neighborhood of Manhattan, Abacus aimed to serve the financial needs of the Asian American community in NYC. Over nearly 40 years, the bank has expanded beyond that while still maintaining strong community connections. Abacus is known for multilingual staff and culturally sensitive service.

Locations

Currently, Abacus Federal Savings Bank operates just one branch located at 6 Bowery in downtown Manhattan. This full-service location provides all the bank’s offerings to local customers, including opening accounts, applying for loans, safety deposit boxes, ATM access, and more.

Products and Services Offered

As a savings bank, Abacus specializes in savings products from savings accounts, money market accounts, and CDs to retirement accounts, mortgage loans, and secured credit cards. Other services span checking accounts, online/mobile banking, wire transfers, safe deposit boxes, an ATM, and cashiers checks. Bilingual staff can serve customers in English and Chinese.

SWIFT Code for Abacus Federal Savings Bank

Used for international money transfers between banks, SWIFT codes like AFSBUS33 for Abacus Federal Savings Bank provide necessary information to send or receive funds globally.

Definition of a SWIFT Code

SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. SWIFT codes are standard format identifiers made up of 8 or 11 characters that help money get routed internationally from one bank institution to another.

Abacus Federal Savings Bank’s SWIFT Code Details

SWIFT Code: AFSBUS33

Bank Name: Abacus Federal Savings Bank

Address: 6 Bowery, New York, NY 10013

Country: United States

AFSBUS33 SWIFT Code Breakdown

The AFSBUS33 code for Abacus Federal Savings specifies:

AFSB – Bank Code identifying Abacus Federal Savings Bank
US – Country Code indicating United States
33 – Location Code specifying New York, NY
XXX – Optional Branch Code not used in this SWIFT

Sending or Receiving International Payments

Abacus customers can wire money internationally using the bank’s SWIFT services and codes. Florham Park, NJ, Clifton, NJ

Fees and Exchange Rates

Abacus outlines wire transfer fees on its service fee schedule. Exchange rates vary daily depending on market rates. Using a third party service may provide lower fees.

Using Services Like Wise to Save on Fees

Services like Wise offer cheaper rates compared to traditional banks when sending money overseas. Wise provides fast international money transfers using better exchange rates and lower flat fees compared to banks.

Additional Details About Abacus Federal Savings Bank’s SWIFT Code

Here are some key technical specifics around the AFSBUS33 code for Abacus Federal Savings Bank:

Bank Code, Country Code, Location Code, Branch Code

Bank Code (AFSB): Uniquely identifies Abacus Federal Savings Bank on SWIFT network
Country Code (US): Indicates transfers to/from United States
Location Code (33): Maps to New York City area
Branch Code (XXX): Not utilized in this SWIFT code

Conclusion

In summary, Abacus Federal Savings Bank is a New York community bank whose SWIFT code AFSBUS33 facilitates international money transfers. Customers can send/receive global payments using this code, though third party services may provide better exchange rates and fees. Reach out to Abacus directly for specifics on wiring money overseas from a personal or business account.

FAQs

What is a SWIFT code?

A SWIFT code is a standard 8-11 character code that identifies details of a bank or financial institution for cross-border payments and messaging.

How do I find a bank’s SWIFT code?

SWIFT codes can be found by searching for the bank name on SWIFT’s online BIC directory or bank websites and documents. Banks can provide their SWIFT code upon request.

Can I send money without a SWIFT code?

International wire transfers require a SWIFT code to route funds properly between banks. For some countries domestic bank transfers are possible without SWIFT.

What happens if I use the wrong SWIFT code?

Using an incorrect bank SWIFT code may result in delays, failures, funds being sent to the wrong account, or additional fees during routing.

How do I contact Abacus Federal Savings Bank?

Abacus Federal Savings Bank can be contacted at (212) 964-0123 or by visiting one of their branches in Manhattan. Their website with contact options is https://abacusbk.com.

What does the 33 stand for in the SWIFT code?

The 33 indicates a location code mapping to the New York, NY area for Abacus Federal Savings Bank on the SWIFT network.

How can I open an account at Abacus Federal Savings Bank?

You can visit the branch location at 6 Bowery or call 212-968-1888 to speak with a representative about opening a personal or business banking account with Abacus Federal Savings Bank.

Does Abacus Federal Savings Bank have any branches outside of New York?

No, currently Abacus only has a single branch located at 6 Bowery in Manhattan’s Chinatown neighborhood of NYC.

What are Abacus Federal Savings Bank’s main financial service offerings?

Its main offerings include savings products like high-yield savings accounts, CDs, and money market accounts along with mortgage loans, checking accounts, IRAs, and secured credit cards.

How long has Abacus Federal Savings Bank been in business?

Abacus first opened in 1984, so it has been serving New York customers for nearly 40 years since its founding.