A bank swift code, also known as a BIC (Business Identifier Code), is an international standard format for Business Identifiers. It uniquely identifies banks and financial institutions globally. The codes are used when transferring money between banks, especially for international wire transfers.
|SWIFT Code / BIC||ACLRAU2S242|
|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 242)|
ACLRAU2S242 SWIFT Code Breakdown
|Bank Country Code||AU|
|Location & Status||2S|
What does Swift Code mean?
Swift Code is the 8-digit number assigned by the American Bankers Association (ABA) that uniquely identifies an individual institution. Swift Code is a code that uniquely identifies a bank, branch, or branch network financial institutions. Swift Codes are used to identify banks, credit unions, and other financial companies for the purpose of transferring money.
- 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: 242.
AUSTRACLEAR LIMITED SYDNEY SWIFT/BIC Code
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