SWIFT Code SOIRUS31 — SOMERSET INVESTMENT GROUP, CHESTER,NJ

About SWIFT Code SOIRUS31 — SOMERSET INVESTMENT GROUP, CHESTER,NJ

SWIFT code SOIRUS31 is the official 8-character head-office BIC (Bank Identifier Code) for SOMERSET INVESTMENT GROUP in CHESTER,NJ, 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 SOMERSET INVESTMENT GROUP for all outward international remittances from CHESTER,NJ. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SOIRUS31

The code SOIRUS31 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SOIRUS31

Receiving International Wire Transfers

To receive money from abroad at your SOMERSET INVESTMENT GROUP account in CHESTER,NJ, share SWIFT code SOIRUS31 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 SOMERSET INVESTMENT GROUP, CHESTER,NJ must provide SWIFT code SOIRUS31. 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 SOMERSET INVESTMENT GROUP in CHESTER,NJ rely on SWIFT code SOIRUS31 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 SOMERSET INVESTMENT GROUP →

For cheque clearing or NACH mandates, use the MICR code for SOMERSET INVESTMENT GROUP →

For TDS challan deposits, find the BSR code for SOMERSET INVESTMENT GROUP →

How SWIFT Code SOIRUS31 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SOIRUS31 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 SOMERSET INVESTMENT GROUP.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SOMERSET INVESTMENT GROUP receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SOIRUS31

• Spaces or lowercase letters — Always enter SOIRUS31 uppercase with no spaces.
• Using the wrong city — This code is for CHESTER,NJ 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 SOIRUS31 directly with SOMERSET INVESTMENT GROUP's CHESTER,NJ branch or via the SWIFT BIC Directory.