Always check with your bank or recipient directly if you are planning on sending money.
What do the letters and numbers mean in the swift code?
A SWIFT code (sometimes known as a SWIFT Number) are 8 to 11 characters long and made of both letters and numbers. You can typically find them on a bank statement or on your bank’s website. The SWIFT code is a format of your BIC (Bank Identification Code), and the two terms are used interchangeably. SWIFTs or BICs are unique identification codes for the particular bank that holds your account.
Bank code (A-Z): 4 letters identifying the bank
Country Code (A-Z): 2 Letters representing the country where the bank is located
Location Code (0-9, A-Z): 2 characters usually comprising of letters or numbers, representing the bank’s head office
Branch code (0-9, A-Z): 3 digits or letters to identify a unique branch of the bank. ‘XXX’ is typically used to represent the head office
When sending or receiving money, always check the SWIFT code with your recipient or bank.
If you believe you have sent your money to the wrong SWIFT code, get in contact with your bank right away and request if they can cancel before the transaction have been processed. If it has processed already, then you may have to get in contact with your recipient to ask for them to transfer your money back.
Why Choose OFX
FX specialism
Decades of experience with over US$139bn moved to date
Highly regulated
We’re publicly listed and monitored by over 50 state regulators and FinCen
Where can I find my Bank Of America SWIFT code? You can usually find the right SWIFT code for your bank on your statements, or in your online banking. You can also search for your bank's SWIFT code with our finder tool.
Some banks use the same SWIFT code for all their branches while other banks designate a unique SWIFT code for each branch. If you are unsure of which code to use, you can typically use the bank's head office SWIFT code to send money.
The SWIFT code can be found on a bank's website, on your bank statement, or through an online search. Make sure you copy down the correct characters when recording a SWIFT code, and check that it has 8 or 11 characters. The first 4 characters stand for the bank to which money is being transferred.
How do you find your SWIFT/BIC code? To locate your SWIFT/BIC code, check any paper or digital banking statements, or look at your account details on your online banking profile. You can also search for your BIC code using a digital SWIFT/BIC search tool by providing your country and bank location data.
IBAN and SWIFT are the two common standards for sending international bank wires. Both can be used to identify a recipient's bank, so that other parties can send money to them, even across borders. IBAN is the leading standard within Europe and neighboring countries, although the SWIFT system extends worldwide.
You may also need to give Bank of America's address. For USD payments the address to use is: Bank of America, NA, 222 Broadway, New York, New York 10038.
Online transfer using an account number and routing number. This lets you easily send money online to someone else's account, and is also a great way to transfer money between your own accounts with Bank of America or at other financial institutions.
BOFAUS3N is used for incoming wire transfers in U.S. dollars and BOFAUS6S is used for transfers in a foreign currency. You'll need these codes any time you receive a wire transfer from an international bank account.
Do all banks have a BIC/SWIFT code for international transactions? No — some U.S. credit unions and small banks are not part of the SWIFT system. But if you work with a small bank for your business, this isn't a be-all-end-all: They might still be able to receive and send money internationally.
Introduction: My name is Jonah Leffler, I am a determined, faithful, outstanding, inexpensive, cheerful, determined, smiling person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
