UPSAPLP1XXX

No. While many banks use a "Head Office" code ending in XXX, the code UPSAPLP1XXX is specifically assigned to the WARSZAWA location. Using this specific 11-character code helps the bank’s automated systems credit the recipient’s account faster than using a generic national code.

Yes. If you are sending Euro-denominated funds from another SEPA-member country, you can use this BIC/SWIFT code alongside the recipient’s IBAN. However, most modern European banks only require the IBAN to route SEPA payments automatically.

International transfers to PEKAO INVESTMENT BANKING S.A. using the SWIFT network typically take 1 to 3 business days. Factors that can cause delays include:

• Time zone differences between the sender and Poland.
• Local public holidays in Poland.
• Required "Know Your Customer" (KYC) checks for large amounts.

Most banks in Poland charge an "Incoming Wire Fee" for international transfers. For PEKAO INVESTMENT BANKING S.A., these fees vary based on the account type but typically range from a small flat fee to a percentage of the total. It is recommended to send funds using the "OUR" instruction if you want the recipient to receive the exact amount sent.

If you use a code for a different branch of PEKAO INVESTMENT BANKING S.A., the money will usually still arrive but may be delayed by 24–48 hours as it is manually rerouted. If you enter a completely incorrect code, the funds will likely be returned to your account within 5–10 business days, minus any processing fees.

Yes. If you are sending money from abroad to an account at PEKAO INVESTMENT BANKING S.A., you will almost certainly need their SWIFT code (also known as a BIC).

The SWIFT code UPSAPLP1XXX acts as a digital address for the WARSZAWA branch. Without it, the sending bank won’t know which specific institution in Poland should receive the funds, which often leads to the transfer being rejected or stuck in "limbo". However, the requirements change slightly depending on where the money is coming from:

• Transfers from outside the EU/EEA (e.g., USA, Canada, India): A SWIFT code is mandatory. You must provide UPSAPLP1XXX along with the recipient’s name and IBAN.
• Transfers from within Europe (SEPA): If the sender is in a SEPA-member country, many modern banks only require the IBAN. However, providing the SWIFT code UPSAPLP1XXX is still recommended as a backup to ensure the transfer is routed instantly to the WARSZAWA branch.
• Domestic Transfers: If you are sending money from another bank inside Poland, you typically do not need a SWIFT code; a local account number or IBAN is sufficient.

Pro Tip: Always double-check the 8th and 11th characters. For PEKAO INVESTMENT BANKING S.A., using the specific branch code UPSAPLP1XXX instead of the generic head office code ensures the money hits the correct local ledger in WARSZAWA without manual intervention.