Detailed Guide: Using SHIGA BANK, LTD., THE SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The SIGAJPJT Business Identifier Code (BIC) is the exclusive digital signature for SHIGA BANK, LTD., THE located in OTSU. 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 SIGAJPJT 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:
- SIGA: The Bank Code representing SHIGA BANK, LTD., THE globally.
- JP: The Country Code, identifying that the bank is regulated under Japan laws.
- JT: The Location Code, usually pointing to the OTSU hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in OTSU
If you are a resident or business owner in OTSU, you must provide the following information to your international sender. For transactions involving SHIGA BANK, LTD., THE, 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 | SIGAJPJT |
| Destination Bank | SHIGA BANK, LTD., THE |
| Branch Location | OTSU, Japan |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to SHIGA BANK, LTD., THE might not be direct. Depending on the relationship between your sender's bank and the JP 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 OTSU branch code?
In most cases, SHIGA BANK, LTD., THE will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local SIGAJPJT is recommended for faster processing
and lower risk of manual intervention.
Is SIGAJPJT the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to Japan, 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 SIGAJPJT for
SHIGA BANK, LTD., THE is part of the latest directory update. We
periodically refresh our database to ensure all codes for OTSU are compliant
with current financial standards.
Note: Financial data changes. While SIGAJPJT is
verified for SHIGA BANK, LTD., THE, always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
OTSU, Japan.