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||CTBAAU2S700|
|Money Transfer||Transfer money using Wise internationally, that is 6X cheaper than Banks.|
|Receive Money||Get paid/money using Wise at real Exchange Rate.|
|Bank:||COMMONWEALTH BANK OF AUSTRALIA|
|Branch Name||81 Elizabeth St Hobart|
|Address:||81-87 Elizabeth Street|
CTBAAU2S700 SWIFT Code Details
|Bank Country Code||AU|
|Location & Status||2S|
What does Swift code meanWhat is A 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: 700.
COMMONWEALTH BANK OF AUSTRALIA HOBART SWIFT/BIC Code
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