A bank swift code is an 8 or 11-character alphanumeric code used to identify banks worldwide. The code is formatted as “BIC” and “IBAN”. The BIC (Bank Identifier Code) consists of 8 characters, while the IBAN (International Bank Account Number) consists of 11 characters. Both codes are used to uniquely identify a bank and facilitate international money transfers.
|SWIFT Code / BIC||BKCHAU2SCWD|
|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:||BANK OF CHINA LIMITED, SYDNEY BRANCH|
BKCHAU2SCWD SWIFT Code Breakdown
|Bank Country Code||AU|
|Location & Status||2S|
What is a Swift Code For Banking?
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: CWD.
BANK OF CHINA LIMITED, SYDNEY BRANCH CHATSWOOD SWIFT/BIC Code
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