SWIFT Code OTALUS31 — OTA LTD PARTNERS, PURCHASE,NY

About SWIFT Code OTALUS31 — OTA LTD PARTNERS, PURCHASE,NY

SWIFT code OTALUS31 is the official 8-character head-office BIC (Bank Identifier Code) for OTA LTD PARTNERS in PURCHASE,NY, 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 OTA LTD PARTNERS for all outward international remittances from PURCHASE,NY. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code OTALUS31

The code OTALUS31 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code OTALUS31

Receiving International Wire Transfers

To receive money from abroad at your OTA LTD PARTNERS account in PURCHASE,NY, share SWIFT code OTALUS31 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 OTA LTD PARTNERS, PURCHASE,NY must provide SWIFT code OTALUS31. 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 OTA LTD PARTNERS in PURCHASE,NY rely on SWIFT code OTALUS31 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 OTA LTD PARTNERS →

For cheque clearing or NACH mandates, use the MICR code for OTA LTD PARTNERS →

For TDS challan deposits, find the BSR code for OTA LTD PARTNERS →

How SWIFT Code OTALUS31 Routes an International Transfer

1. Initiation: The sender provides SWIFT code OTALUS31 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 OTA LTD PARTNERS.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: OTA LTD PARTNERS receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code OTALUS31

• Spaces or lowercase letters — Always enter OTALUS31 uppercase with no spaces.
• Using the wrong city — This code is for PURCHASE,NY 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 OTALUS31 directly with OTA LTD PARTNERS's PURCHASE,NY branch or via the SWIFT BIC Directory.