AIB BANK SWIFT CODE
AIBKUS3TTMK – AIB BANK
| SWIFT CODE | AIBKUS3TTMK |
|---|---|
| BANK | AIB BANK |
| ADDRESS | |
| CITY | NEW YORK |
| BRANCH | TREASURY DEPT |
| POSTCODE | |
| COUNTRY | United States |
SWIFT Code AIBKUS3TTMK for AIB BANK
SWIFT codes are used to facilitate international money and security transfers. These identification codes allow financial institutions worldwide to send and receive information about financial transactions in a secure and standardized manner. In this article, we will break down SWIFT code AIBKUS3TTMK to better understand its components and meaning as it applies to AIB BANK.
What is a SWIFT Code?
A SWIFT code, also sometimes referred to as a SWIFT-BIC code, a BIC (Bank Identifier Code), or an IBAN code, is comprised of 8 to 11 alphanumeric characters. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunications.
Identification codes for financial transactions
These codes uniquely identify each and every branch of financial institutions internationally. Required for all global money transfers, these etched identifiers assist in the transfer of messages about transactions between banks around the world.
Structure and components
While there are variances depending upon the institution and location, in general SWIFT codes contain information that allows for the following identification:
- Bank or financial institution
- Country
- City or location
- Branch
In some cases, additional details might be given related to sub-branches or specific business activities. We’ll break down the components specific to SWIFT code AIBKUS3TTMK in more detail shortly.
AIB BANK DETAILS
In order to better understand this SWIFT code, let’s take a closer look at AIB BANK and what type of financial institution it is.
Type of financial institution
AIB BANK is engaged in commercial and retail banking services including loans, mortgages, savings & checking accounts, card services, foreign exchange, safe deposit boxes, online banking and mobile banking. Providing services to both individuals as well as business customers, AIB BANK operates as a full-service brick & mortar financial institution.
Locations and services
With local branches spread across the United States, AIB BANK is an FDIC insured national bank that allows customers worldwide to open accounts and leverage online platforms regardless of physical proximity to a localized branch. Services include global money transfers, loan origination and a host of other customary retail and commercial banking solutions.
Breaking Down SWIFT Code AIBKUS3TTMK
Now that we have some background on AIB BANK, let’s break down the specifics of this institution’s assigned SWIFT Code – AIBKUS3TTMK.
SWIFT code overview
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AIBKUS3TTMK
This code uniquely identifies the AIB BANK Treasury Department branch office located in New York, NY in the United States.
Meaning of each component
By dissecting each element of this code, we gain insight into exact details that identify this branch at AIB BANK.
Bank code
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AIBK – code assigned to AIB BANK
This four (4) character code has been designated to AIB BANK by SWIFT to differentiate it from other institutions registered in their financial services ecosystem. Think of it like an unique institution identifier.
Country code
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US – code belongs to United States
The fifth and sixth characters, in this case ‘US’, signify that AIB BANK’s operations with this code are based in the United States.
Location code
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3T – code represents the institution location
This segment reveals supplementary information about the geographic region for AIB BANK’s branch using this SWIFT. The ‘3T’ means the branch residence is New York, New York.
Branch code
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TMK – code indicates this is a branch office
By evaluating these last three digits, additional assignment details emerge. Here the ‘TMK’ denotes that the code applies to an AIB BANK Treasury Department branch location.
Active status indicator
The eighth character, denoted by ‘T’, confirms that this is an active and operational SWIFT code authorized for current use by AIB BANK.
Locating Additional Information
If we want to find out more specifics related to AIB BANK’s New York branch tied to SWIFT Code AIBKUS3TTMK, there are variety of details we can lookup.
Verifying other details
In addition to particulars directly related to the SWIFT code, understanding more about the physical branch location can also be helpful for in-person transactions or visits.
Physical address
We can obtain the street address, city, postal code and other geographic identifiers for this AIB BANK Treasury Department branch in New York, NY.
Contact information
Getting the phone number and also determining designated points of contact for account-related questions might also assist with conducting business interactions.
Exploring other branches
AIB BANK maintains multiple branch locations, so determining additional codes tied to other offices could prove useful depending upon transaction specifics.
Finding the head office code
The connected head office oversees AIB BANK U.S. operations overall. We can discover the related code – AIBKUS3T – for streamlined coordination through centralized channels.
Sending Money Internationally
One very common purpose for needing the exact SWIFT code for an institution is to send funds internationally. Whether a business, group or individual, clearly identifying where money should be deposited using a precise SWIFT code is imperative for successful worldwide money transfers.
Choosing the right SWIFT code
As we evaluated above, SWIFT codes can identify branches and sub-branches at many levels. Picking the one that aligns correctly to where deposited funds need to end up is crucial.
Lower transfer fees
Money transfer operators rely on accurate SWIFT codes to facilitate exchanges across borders via connected financial institutions. Valid SWIFT codes help optimize routing through trusted bank networks resulting in lower transaction costs.
Faster transactions
Properly formatted and validated SWIFT codes enable efficient processing resulting in faster execution of international money transfers compared to alternatives lacking integrated coding.
Recap and Key Takeaways
In recapping what we explored related to AIB BANK’s SWIFT code AIBKUS3TTMK, we highlighted several important details.
Reviewing AIBKUS3TTMK specifics
- Uniquely identifies AIB BANK’s Treasury Dept branch in New York, NY
- Used internationally by AIB BANK for cross-border money transfers
- Denotes active status for secure financial transactions worldwide
Tips for successful money transfers
- Always validate SWIFT code accuracy before initiating transfers
- Lookup connected branches for recipient deposit clarity
- Leverage money transfer services for lower fees & faster speed
Understanding the intricate details encoded within a SWIFT code equips us to leverage it appropriately for international banking needs while optimizing cost and security.
Frequently Asked Questions
What are some other SWIFT codes used by AIB BANK?
Some other active SWIFT codes that AIB BANK utilizes include AIBKUS33MKD, AIBKUS66, and AIBKUS3C. The precise code depends upon specific branch locations and functional departments.
Can I use SWIFT code AIBKUS3TTMK for domestic ACH transfers?
No, SWIFT Code AIBKUS3TTMK and the SWIFT network are specifically purposed for facilitating cross border payments and money transfers. For domestic US ACH transactions, bank routing and account numbers would be required instead.
Is the SWIFT code the same thing as an IBAN?
While related in purpose, a SWIFT code and an IBAN serve different functions. SWIFT codes help messages about money transfers properly reach institutions, while IBANs more precisely identify the beneficiary accounts.
What happens if I enter an incorrect SWIFT code for a transfer?
The consequences of submitting an invalid SWIFT code depends upon exactly where the error occurs. Best case, the transfer is just delayed while clarification occurs. Worst case, funds are misrouted or lost necessitating resolution.
Can I conduct cryptocurrency transactions using SWIFT codes?
No, SWIFT exclusively facilitates transfers using government backed fiat currencies. So Bitcoin and other decentralized digital currency trading instead relies on virtual wallet addresses and blockchain confirmations.