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||ACLRAU2S243|
|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 243)|
ACLRAU2S243 SWIFT Code Breakdown
|Bank Country Code||AU|
|Location & Status||2S|
What is The Swift Code
Swift codes or Bank Identifier Codes (BICs) are alphanumeric bank account identifiers used to identify banks internationally. Swift codes consist of 8 or 11 alphanumeric characters. The first 3-4 characters denote the type of bank (i.e., IBAN, BIC, SWIFT) and the last three characters identify the bank’s country code. Swift codes are most commonly used by banks for electronic fund transfers (EFT), electronic remittance orders (ERO), and direct debits (DDA).
- 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: 243.
AUSTRACLEAR LIMITED SYDNEY SWIFT/BIC Code
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