Austraclear Limited SWIFT/BIC code

What ACLRAU2S means for a payment to Austraclear Limited

Whether a recipient gives you ACLRAU2S or ACLRAU2SXXX, you are looking at the same identifier for Austraclear Limited in Australia. A BIC has a single purpose: it ensures that money from abroad ends up at the right bank. It comes up mainly when dealing with transfers between countries or a currency.

Further down we go through the practical side: money coming in from abroad, sending money abroad and how to verify the code before you hit send. Keep in mind that the BIC just identifies the bank, not the account: the account number or IBAN takes care of that.

Austraclear Limited: head office code versus branch codes

We have 49 SWIFT/BIC codes for Austraclear Limited. Next to the head office code ACLRAU2SXXX, there are codes for individual branches and departments.

In most cases you do not need to pick a branch: payments addressed to ACLRAU2SXXX are routed within Austraclear Limited without problems. A branch code only makes sense when the recipient’s bank explicitly asks for it, which is more common for business accounts and specialised services.

Not sure which code to use? Check with the recipient, or look at a recent statement from Austraclear Limited. Branch codes are more likely to change than the head office code.

Scams that use SWIFT codes

Stay wary when a contact unexpectedly wants you to pay into another account. That ACLRAU2S is a real code does not mean that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Before paying, confirm changed bank details by phone on a number you know, not one from the message. Pressure and requests to keep it quiet tend to be red flags – a real supplier can wait a day. Already paid? Contact your bank straight away and ask them to try to recall the payment and report the fraud.

Fraud can also target the receiver. Someone claims to have sent too much and asks you to refund the extra. A screenshot of a transfer proves nothing.

About this information

The directory on GoldexPay draws on publicly available sources. It is possible that a code on this page is no longer current after a merger or reorganisation. Counts and locations come from our own dataset and may differ from what Austraclear Limited publishes.

For any payment that matters, always confirm the code with Austraclear Limited or with the recipient. GoldexPay is an independent comparison site for money transfers and not part of Austraclear Limited. Should you notice a mistake, we welcome a message via the contact page.

Australian Dollar (AUD) and conversion costs

Australia pays in the Australian Dollar (AUD). Money sent in a different currency will be exchanged into AUD. Each conversion eats into the amount, even when no fee is shown.

Which bank converts the money makes a difference. Check how much AUD arrives via several providers.

The AUD rate changes throughout the day, so the amount you see is usually only valid for a short time. For regular payments, a slightly better rate make a real difference over a year.

When will the money arrive at Austraclear Limited?

How quickly a transfer arrives at Austraclear Limited depends on a few things: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in the sending or receiving country add a day or more. Compliance checks by one of the banks can also add some delay.

Many banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique reference, the UETR that banks can use to trace it. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

A missing payment has to be traced from the sending side on the basis of the transfer details. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

Sending money abroad from Austraclear Limited

What you pay for an international transfer has more than one component. You pay the transfer fee, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

Banks do not list the margin on the rate as a cost, but you pay it all the same. An easy check: put the rate you get against the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. Before your next transfer, it is worth to compare what arrives on GoldexPay instead of going straight to your bank. You can still use your account at Austraclear Limited, while a cheaper service handles the conversion.

How to check ACLRAU2S before you pay

The safest source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. Compare that code against ACLRAU2S here; if they differ, ask before you pay.

With a wrong code, the transfer might be delayed, bounce back or cost extra, and tracing it can take weeks. Remember the account number: a mistake there can be harder to undo than a wrong code.

Many banking apps validate the structure of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. More and more banks compare the name with the account – do not ignore a mismatch warning. Sending a small amount first can be a sensible step for a large first payment, even if it costs an extra fee.

Getting paid from abroad into a Austraclear Limited account

Someone abroad who wants to pay you needs several details from you. Give them your name as the bank knows it, the IBAN or account number, SWIFT code ACLRAU2SXXX and your address.

The sender’s bank may request the address of your bank. Check the details before you send them, because the sender’s bank usually copies them as is.

The amount you receive can be less than the amount sent. Fees for incoming transfers differ from bank to bank. On invoices, you can state who bears the costs, so that nobody is left short.

Why Austraclear Limited has an 8- and an 11-character code

The layout of a BIC is always the same: four characters for the institution, a two-letter country code and a two-character location code, sometimes followed by a branch code. For Austraclear Limited, that core is ACLRAU2S.

Many payment forms accept either length. If yours asks for eleven characters, enter ACLRAU2SXXX.

Do not add spaces or dashes when you type ACLRAU2S or ACLRAU2SXXX. A single letter can send the money to another bank, so check it twice.