Bank of America, N.a. Sydney SWIFT/BIC code

BOFAAUSX – the SWIFT/BIC code of Bank of America, N.a. Sydney

Whether a recipient gives you BOFAAUSX or BOFAAUSXXXX, it is the identical address for Bank of America, N.a. Sydney in Australia. A SWIFT code tells every bank in the chain which institution is meant to get the money. In practice you mostly come across it on international invoices, in your banking app and on the account details of Bank of America, N.a. Sydney customers.

On this page you can read how the code means, when you need it and what else you need for a transfer to or from Bank of America, N.a. Sydney. The BIC identifies an institution, never a specific account.

A note on our data

We collect bank codes from public sources and update our list from time to time. Even so, banks merge, rename themselves or retire codes, so information can be out of date. Counts and locations are from our own dataset and may differ from what Bank of America, N.a. Sydney publishes.

See our directory on this page as a helpful check and rely on the recipient or Bank of America, N.a. Sydney for the final confirmation. GoldexPay is not affiliated with Bank of America, N.a. Sydney, we only compare transfer services. Found outdated information? Tell us through the contact page so we can correct it.

Verifying the SWIFT code of Bank of America, N.a. Sydney

The best place to find the correct BIC is a document from the bank itself. When the code you were given does not match BOFAAUSX or BOFAAUSXXXX, stop and ask.

With a wrong code, the payment might be delayed, be returned or end up costing more. A mistake in the account number is a bigger problem; check it just as carefully.

An automatic check by your bank only confirms that the IBAN exists – not that it belongs to the person you mean to pay. If your bank offers it, a name check before sending gives an extra layer of safety. When you pay someone new, some people start with a small test amount and wait for confirmation.

What the XXX in BOFAAUSXXXX means

A SWIFT code is made up of fixed blocks: characters one to four identify the bank, the next two show the country and the two after that indicate the location. In this case, that core is BOFAAUSX.

XXX at the end of BOFAAUSXXXX does not stand for a missing value or a mistake: it stands for the head office of Bank of America, N.a. Sydney. Certain payment forms ask for 11 characters, in which case you can add XXX after BOFAAUSX.

As a rule the code is typed in capitals, without spaces or dashes. Pasting the code beats typing it by hand, because one wrong letter changes the bank.

What to give a sender who pays you at Bank of America, N.a. Sydney

When you expect money from abroad, give the sender all details at once. What they need is: the account holder’s name, account number or IBAN, BOFAAUSXXXX or BOFAAUSX and, for some countries, your home address.

Some sending banks also ask for the address of Bank of America, N.a. Sydney in Sydney. A typo in the IBAN is harder to fix than you might think.

The amount you receive is often lower than what was sent. Fees for incoming transfers vary from bank to bank. On invoices, it is common to agree how the fees are split to avoid a shortfall.

What a transfer from Bank of America, N.a. Sydney abroad really costs

What you pay for an international transfer has several parts, and the transfer fee is only the most visible one. On top of a fixed fee, banks in between may take a cut, and when the money changes currency, the bank usually applies a rate that is less favourable than the real market rate.

That exchange rate margin is often the largest cost. Check the rate you are offered with the mid-market rate. The difference is your real conversion cost.

Specialised transfer providers often use a rate near the mid-market rate and lower fees. GoldexPay compares the amount that arrives with different services, which makes the cheapest option easy to spot. Using a transfer service does not mean closing your account at Bank of America, N.a. Sydney: you simply pay the service from your account.

Which of the 3 codes of Bank of America, N.a. Sydney do you need?

Bank of America, N.a. Sydney has 3 different SWIFT/BIC codes. One of them is the head office code, BOFAAUSXXXX; the rest belong to branches, and sometimes internal departments.

For the vast majority of payments to a private or business account, the head office code BOFAAUSXXXX is the right choice. Branch codes are only needed when the recipient’s bank explicitly mentions it.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes can change over time, so do not rely on old paperwork.

Watch out for payment fraud

Stay alert when someone unexpectedly asks you to pay into a different account abroad. The fact that BOFAAUSX exists is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Verify new payment details through a different channel like a call to a number from an earlier contract. Urgency or requests to keep it quiet tend to be red flags. When money has already gone to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Fraud can also target the receiver. Someone claims to have sent more than agreed and wants you to refund the extra. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Transfer times and tracking a payment to Bank of America, N.a. Sydney

An international transfer usually needs one to a few business days – it depends on currency, route and the banks in between. Payments made after the cut-off time or on weekends and holidays often go out a business day later. Extra checks on larger or unusual payments may also add some delay.

A growing number of banks use SWIFT gpi. Each payment gets a unique transaction reference, the UETR. Save the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

A missing payment has to be traced by the sending bank. Request from the sender the payment receipt including the reference.

Paying into Bank of America, N.a. Sydney in AUD

Accounts at Bank of America, N.a. Sydney are usually held in AUD, the national currency of Australia. When you pay another currency, the amount gets converted at some point: by your bank, an intermediary or Bank of America, N.a. Sydney itself. Every conversion costs the amount – usually through the rate rather than a fee.

Who does the conversion has an effect on the final amount, as rates and margins differ per bank. Sending the money already in AUD often prevents an extra conversion at the receiving end.

Rates for AUD move all the time, and some providers let you lock in a rate. On larger amounts, even seemingly small difference in the rate can be worth more than the fee.