SWIFT Code SYCOBSN1 — SYZ AND CO BANK AND TRUST LTD., NASSAU

About SWIFT Code SYCOBSN1 — SYZ AND CO BANK AND TRUST LTD., NASSAU

SWIFT code SYCOBSN1 is the official 8-character head-office BIC (Bank Identifier Code) for SYZ AND CO BANK AND TRUST LTD. in NASSAU, Bahamas. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by SYZ AND CO BANK AND TRUST LTD. for all outward international remittances from NASSAU. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SYCOBSN1

The code SYCOBSN1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SYCOBSN1

Receiving International Wire Transfers

To receive money from abroad at your SYZ AND CO BANK AND TRUST LTD. account in NASSAU, share SWIFT code SYCOBSN1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at SYZ AND CO BANK AND TRUST LTD., NASSAU must provide SWIFT code SYCOBSN1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using SYZ AND CO BANK AND TRUST LTD. in NASSAU rely on SWIFT code SYCOBSN1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for SYZ AND CO BANK AND TRUST LTD. →

For cheque clearing or NACH mandates, use the MICR code for SYZ AND CO BANK AND TRUST LTD. →

For TDS challan deposits, find the BSR code for SYZ AND CO BANK AND TRUST LTD. →

How SWIFT Code SYCOBSN1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SYCOBSN1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to SYZ AND CO BANK AND TRUST LTD..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SYZ AND CO BANK AND TRUST LTD. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SYCOBSN1

• Spaces or lowercase letters — Always enter SYCOBSN1 uppercase with no spaces.
• Using the wrong city — This code is for NASSAU only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Bahamas.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm SYCOBSN1 directly with SYZ AND CO BANK AND TRUST LTD.'s NASSAU branch or via the SWIFT BIC Directory.