SWIFT Code IFORUS41 — ILLINOIS FOREX, CHICAGO,IL

About SWIFT Code IFORUS41 — ILLINOIS FOREX, CHICAGO,IL

SWIFT code IFORUS41 is the official 8-character head-office BIC (Bank Identifier Code) for ILLINOIS FOREX in CHICAGO,IL, United States. 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 ILLINOIS FOREX for all outward international remittances from CHICAGO,IL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code IFORUS41

The code IFORUS41 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code IFORUS41

Receiving International Wire Transfers

To receive money from abroad at your ILLINOIS FOREX account in CHICAGO,IL, share SWIFT code IFORUS41 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 ILLINOIS FOREX, CHICAGO,IL must provide SWIFT code IFORUS41. 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 ILLINOIS FOREX in CHICAGO,IL rely on SWIFT code IFORUS41 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 ILLINOIS FOREX →

For cheque clearing or NACH mandates, use the MICR code for ILLINOIS FOREX →

For TDS challan deposits, find the BSR code for ILLINOIS FOREX →

How SWIFT Code IFORUS41 Routes an International Transfer

1. Initiation: The sender provides SWIFT code IFORUS41 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 ILLINOIS FOREX.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: ILLINOIS FOREX receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code IFORUS41

• Spaces or lowercase letters — Always enter IFORUS41 uppercase with no spaces.
• Using the wrong city — This code is for CHICAGO,IL 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 United States.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm IFORUS41 directly with ILLINOIS FOREX's CHICAGO,IL branch or via the SWIFT BIC Directory.