SWIFT Code SQARUS33 — SQUARE 1 BANK, DURHAM,NC

About SWIFT Code SQARUS33 — SQUARE 1 BANK, DURHAM,NC

SWIFT code SQARUS33 is the official 8-character head-office BIC (Bank Identifier Code) for SQUARE 1 BANK in DURHAM,NC, 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 SQUARE 1 BANK for all outward international remittances from DURHAM,NC. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SQARUS33

The code SQARUS33 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SQARUS33

Receiving International Wire Transfers

To receive money from abroad at your SQUARE 1 BANK account in DURHAM,NC, share SWIFT code SQARUS33 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 SQUARE 1 BANK, DURHAM,NC must provide SWIFT code SQARUS33. 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 SQUARE 1 BANK in DURHAM,NC rely on SWIFT code SQARUS33 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 SQUARE 1 BANK →

For cheque clearing or NACH mandates, use the MICR code for SQUARE 1 BANK →

For TDS challan deposits, find the BSR code for SQUARE 1 BANK →

How SWIFT Code SQARUS33 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SQARUS33 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 SQUARE 1 BANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SQUARE 1 BANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SQARUS33

• Spaces or lowercase letters — Always enter SQARUS33 uppercase with no spaces.
• Using the wrong city — This code is for DURHAM,NC 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 SQARUS33 directly with SQUARE 1 BANK's DURHAM,NC branch or via the SWIFT BIC Directory.