A bank swift code is an international standard for identifying banks and financial institutions across the world. The code consists of 8 or 11 characters, which are broken down into two sections: the country code and the bank identifier. For example, CTBAAU2SITS is the swift code for COMMONWEALTH BANK OF AUSTRALIA Australia+. Each country has its own unique set of codes, so it’s important to use the correct one when transferring money internationally.
|SWIFT Code / BIC||CTBAAU2SITS|
|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||(INTERNATIONAL TRADE PROCESSING CENTRE)|
|Address:||201 SUSSEX STREET, DARLING PARK CBA TOWER, FLOOR 27|
CTBAAU2SITS 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: ITS.
COMMONWEALTH BANK OF AUSTRALIA 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.