Detailed Guide: Using FIRSTCARIBBEAN INTERNATIONAL BANK (CAYMAN) LIMITED SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The FCIBSXSM Business Identifier Code (BIC) is the exclusive digital signature for FIRSTCARIBBEAN INTERNATIONAL BANK (CAYMAN) LIMITED located in PHILIPSBURG. Without this precise string of characters, your international wire transfer could be delayed, routed to the wrong intermediary, or returned with significant banking fees.
1. Understanding the 11-Character Logic
The code FCIBSXSM is not a random sequence. It follows a strict ISO-9362
hierarchy that tells the global financial system exactly where your money needs to land:
- FCIB: The Bank Code representing FIRSTCARIBBEAN INTERNATIONAL BANK (CAYMAN) LIMITED globally.
- SX: The Country Code, identifying that the bank is regulated under Sint Maarten laws.
- SM: The Location Code, usually pointing to the PHILIPSBURG hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in PHILIPSBURG
If you are a resident or business owner in PHILIPSBURG, you must provide the following information to your international sender. For transactions involving FIRSTCARIBBEAN INTERNATIONAL BANK (CAYMAN) LIMITED, ensure these fields are filled accurately in the MT103 (SWIFT Message Type):
| Field Name | Required Value |
|---|---|
| Beneficiary Name | Your Full Legal Name |
| Account Number | IBAN or Regional Account Format |
| BIC/SWIFT | FCIBSXSM |
| Destination Bank | FIRSTCARIBBEAN INTERNATIONAL BANK (CAYMAN) LIMITED |
| Branch Location | PHILIPSBURG, Sint Maarten |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to FIRSTCARIBBEAN INTERNATIONAL BANK (CAYMAN) LIMITED might not be direct. Depending on the relationship between your sender's bank and the SX banking system, an "Intermediary Bank" might be involved. These banks may deduct a "Handling Fee" ranging from $15 to $50. Always ask your sender to choose the OUR instruction if they wish to cover all costs, or SHA to share the fees with you.
4. Frequently Asked Questions (Verified Answers)
What happens if I use the Head Office SWIFT instead of the PHILIPSBURG branch code?
In most cases, FIRSTCARIBBEAN INTERNATIONAL BANK (CAYMAN) LIMITED will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local FCIBSXSM is recommended for faster processing
and lower risk of manual intervention.
Is FCIBSXSM the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to Sint Maarten, the SWIFT code is the standard identifier used by the global banking network.
How can I verify if this code is still active?
The code FCIBSXSM for
FIRSTCARIBBEAN INTERNATIONAL BANK (CAYMAN) LIMITED is part of the latest directory update. We
periodically refresh our database to ensure all codes for PHILIPSBURG are compliant
with current financial standards.
Note: Financial data changes. While FCIBSXSM is
verified for FIRSTCARIBBEAN INTERNATIONAL BANK (CAYMAN) LIMITED, always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
PHILIPSBURG, Sint Maarten.