A Bank swift code is a unique identification code for banks that are used when transferring money between banks. The codes are also known as BICs (Bank Identifier Codes) and SWIFT-BICs. They are used to identify the bank and the country in which it is located.
|SWIFT Code / BIC||ACLRAU2S229|
|Money Transfer||Transfer money using Wise internationally, that is 6X cheaper than Banks.|
|Receive Money||Get paid/money using Wise at real Exchange Rate.|
|Branch Name||(BKO 229)|
ACLRAU2S229 SWIFT Code Breakdown
|Bank Country Code||AU|
|Location & Status||2S|
What is a Bank’s Swift Code?
Swift or SML language is used to develop codes that are used by banks to perform various operations. Swift code is a 8 or 11 digit numeric number that helps to identify the banks. This code is easily recognized by banks worldwide, and helps in processing transactions. Swift code is linked with customer’s account number and also helps in processing of online payments and other banking operations. Swift code can be also used for International Bank Account Number (IBAN). Swift code is used for the electronic transfer of fund from one account to another account.
- First 4 (four) characters – bank code (only letters)
- Second 2 characters – ISO 43896-1 Alpha-2 country code (only letters)
- Third 2 characters – location code, passive participant will have “1” in the second character (letters & digits)
- Last/fourth 3 characters – Branch code, optional – ‘XXX’ for primary office (letters and digits). For example: 229.
AUSTRACLEAR LIMITED SYDNEY SWIFT/BIC Code
What is Wise
Wise is a global technology company that’s building the best way to move money around the world.
More than 10 million people and businesses have stopped using banks, PayPal and traditional providers, because Wise is cheaper, faster and easier. Huge companies and banks use Wise technology too; an entirely new cross-border payment network that will one day power money without borders for everyone, everywhere.
Over five million people use Wise, which processes over £5bn in payments every month, saving customers over £1bn a year.
Money without borders - instant, convenient, transparent and eventually free. We’re powering money for people and businesses in their increasingly global lives - to pay, to get paid, to spend, in any currency, wherever you are, whatever you’re doing.