Detailed Guide: Using STATE STREET BANK AND TRUST COMPANY, N.A., NEW YORK SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The SBOSUS3N Business Identifier Code (BIC) is the exclusive digital signature for STATE STREET BANK AND TRUST COMPANY, N.A., NEW YORK located in NORTH QUINCY, MA. 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 SBOSUS3N 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:
- SBOS: The Bank Code representing STATE STREET BANK AND TRUST COMPANY, N.A., NEW YORK globally.
- US: The Country Code, identifying that the bank is regulated under United States laws.
- 3N: The Location Code, usually pointing to the NORTH QUINCY, MA hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in NORTH QUINCY, MA
If you are a resident or business owner in NORTH QUINCY, MA, you must provide the following information to your international sender. For transactions involving STATE STREET BANK AND TRUST COMPANY, N.A., NEW YORK, 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 | SBOSUS3N |
| Destination Bank | STATE STREET BANK AND TRUST COMPANY, N.A., NEW YORK |
| Branch Location | NORTH QUINCY, MA, United States |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to STATE STREET BANK AND TRUST COMPANY, N.A., NEW YORK might not be direct. Depending on the relationship between your sender's bank and the US 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 NORTH QUINCY, MA branch code?
In most cases, STATE STREET BANK AND TRUST COMPANY, N.A., NEW YORK will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local SBOSUS3N is recommended for faster processing
and lower risk of manual intervention.
Is SBOSUS3N the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to United States, 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 SBOSUS3N for
STATE STREET BANK AND TRUST COMPANY, N.A., NEW YORK is part of the latest directory update. We
periodically refresh our database to ensure all codes for NORTH QUINCY, MA are compliant
with current financial standards.
Note: Financial data changes. While SBOSUS3N is
verified for STATE STREET BANK AND TRUST COMPANY, N.A., NEW YORK, always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
NORTH QUINCY, MA, United States.