Credit Suisse AG, Sydney Branch SWIFT/BIC code

What CRESAU2S means for a payment to Credit Suisse AG, Sydney Branch

The short code CRESAU2S and the full code CRESAU2SXXX refer to the same bank: Credit Suisse AG, Sydney Branch in Sydney, Australia. A BIC has a single purpose: it ensures that a cross-border transfer ends up at the right bank. In practice you mostly see it on invoices from abroad, in payment forms and on the account details of Credit Suisse AG, Sydney Branch customers.

This page is meant to help anyone who receives money at an account at Credit Suisse AG, Sydney Branch and wants to get the details right. Keep in mind that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

Changed bank details? Be careful

Fraudsters regularly send payment requests containing changed bank details. A valid SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Do not trust a phone number in the same message that contains the change. Pressure and requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. When a payment was sent to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: one known trick is a buyer who pays too much and then sends a request to refund the difference to another account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Why Credit Suisse AG, Sydney Branch has an 8- and an 11-character code

A SWIFT code is made up of fixed blocks: the first four letters stand for the bank, characters five and six give the country and characters seven and eight indicate the location. Combined, those parts make up CRESAU2S – the version you usually see online.

Many banks and apps accept either length. If a form asks for eleven characters, enter CRESAU2SXXX, otherwise CRESAU2S is fine.

Type the code as one block, in upper case and without spaces. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.

Where our SWIFT data comes from

The details here come from public sources that we update regularly. It can happen that a code here is out of date, for example after a merger. The figures we show are based on our own data, not official figures from Credit Suisse AG, Sydney Branch.

Treat this page as a reference, not as the last word – the bank details from the recipient are leading. We are an independent comparison site and not part of Credit Suisse AG, Sydney Branch. Spotted an error? Tell us via our contact form and we will look into it.

Getting paid from abroad into a Credit Suisse AG, Sydney Branch account

A sender in another country needs a few details about your account – incomplete details often cause delays. What they need is: the account holder’s name, account number or IBAN, CRESAU2SXXX or CRESAU2S and in many cases your home address.

The sender’s bank may request the address of your bank; the head office in Sydney is usually fine. A typo in your account number can be harder to fix than it looks, so copy the details from your online banking.

What lands in your account can be less than what was sent. Intermediary banks may deduct a fee, Credit Suisse AG, Sydney Branch may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. Make clear with the sender who pays which costs, especially for larger amounts.

Is CRESAU2S still correct? How to check

The safest source for a SWIFT code is the recipient’s own bank details. Compare that code with CRESAU2S on this page.

Mistakes in the BIC tend to be annoying more than fatal – usually the money comes back, minus fees and time lost. Do not forget the account number: an error there is harder to undo than a wrong BIC.

An automatic check in your banking app only confirms that the code is valid, not that it is the right account. Where available, a name check before sending adds extra certainty. A small test payment can be a sensible step for large sums despite the extra fee.

Credit Suisse AG, Sydney Branch: head office code versus branch codes

Our database contains 2 SWIFT/BIC codes for Credit Suisse AG, Sydney Branch. Besides the head office code CRESAU2SXXX, you will find codes for individual branches and departments.

For the vast majority of payments to a private or business account, the head office code CRESAU2SXXX is what you need. Just use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

If you are not sure, ask the person you are paying which code their bank gave them. Codes for branches are more likely to be retired than CRESAU2SXXX.

Transfer times and tracking a payment to Credit Suisse AG, Sydney Branch

A SWIFT payment typically takes one to a few business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country can add a day or more to the journey. Extra checks by one of the banks can also add a delay, regardless of the details.

A growing number of banks are connected to SWIFT gpi. Each payment gets a unique reference, the UETR. Specialist transfer services often show a status in their app showing how far the money has got.

A missing payment is traced by the sending bank on the basis of the transfer details. As a recipient, you can look at your account to see a partial amount, since fees may have been deducted.

Paying into Credit Suisse AG, Sydney Branch in AUD

Australia uses the Australian Dollar, with the currency code AUD. If you send another currency it has to be converted at some point: by your bank, an intermediary or Credit Suisse AG, Sydney Branch itself. There is rarely a separate line for the conversion – the cost sits in the rate.

Which bank converts the payment makes a difference. Transferring the money directly in AUD usually prevents a second conversion by Credit Suisse AG, Sydney Branch.

The rate for AUD fluctuates throughout the day. On larger amounts, even seemingly small gap in the rate adds up quickly.

What a transfer from Credit Suisse AG, Sydney Branch abroad really costs

An international bank payment can cost more than the listed fee. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup.

That exchange rate margin is often the biggest cost, and it is easy to miss. Compare the rate you are offered with the mid-market rate. The difference is your real conversion cost.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares the amount that arrives with different providers, so you can pick the cheapest route. Choosing a specialist does not mean leaving Credit Suisse AG, Sydney Branch: you simply pay the service from your account.