Goldman Sachs Australia Pty LTD SWIFT/BIC code

What JBWLAU31 means for a payment to Goldman Sachs Australia Pty LTD

Whether a recipient gives you JBWLAU31 or JBWLAU31XXX, it is the identical identifier for Goldman Sachs Australia Pty LTD in Australia. The code has a single purpose: it ensures that an international payment ends up at the right bank. It comes up mainly for payments that cross a border or a currency.

Below you will find the practical side: receiving money at Goldman Sachs Australia Pty LTD, paying someone in another country and how to verify a SWIFT code before you confirm a payment. Keep in mind that the SWIFT code just identifies the bank, not the account: the account number or IBAN takes care of that.

Changed bank details? Be careful

One of the most common tricks works like this: an email arrives with a request claiming that a contact has a new bank account. A real SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Check changed bank details via a separate channel, not by replying to the message. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If a payment was sent to the wrong account, contact your bank immediately.

Fraud can also work the other way. Someone claims to have sent too much and wants you to refund the extra. A payment confirmation from the sender is no proof.

Before you send: check the Goldman Sachs Australia Pty LTD code

The most reliable place for the right code remains a document from the bank itself. If the code you have differs from JBWLAU31 or JBWLAU31XXX, stop and ask.

A wrong SWIFT code may lead to delays, a returned payment or extra fees. An error in the IBAN or account number is a bigger problem because it can reach the wrong person.

An automatic check by your bank merely confirms that the code exists. More and more banks check the payee name with the account – do not ignore a mismatch warning. Sending a small amount first is worth it for large sums despite the extra fee.

What to give a sender who pays you at Goldman Sachs Australia Pty LTD

For an international payment at Goldman Sachs Australia Pty LTD, the person paying you has to have more than the SWIFT code. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code JBWLAU31XXX (or JBWLAU31) and usually your postal address.

Some sending banks also ask for the name and address of Goldman Sachs Australia Pty LTD; it does no harm to include it. Check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

An incoming payment does not always land in full. Fees for incoming transfers differ per bank. Make clear with the sender who covers the fees before the money is sent.

Paying into Goldman Sachs Australia Pty LTD in AUD

Australia uses the Australian Dollar, with the currency code AUD. If you send money in a different currency has to be converted at some point – by your bank, by Goldman Sachs Australia Pty LTD or by a bank in between. There is rarely a separate charge for that conversion; it is built into the rate.

Who converts the payment makes a difference, because each party uses its own rate. Often it is cheaper to send AUD straight away via a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The rate for AUD fluctuates throughout the day. With bigger transfers, a small difference in the rate adds up quickly.

Why Goldman Sachs Australia Pty LTD has an 8- and an 11-character code

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. Combined, these eight characters form JBWLAU31.

Most banks and apps work with both lengths. If a form asks for eleven characters, use JBWLAU31XXX; if it wants eight, use JBWLAU31.

As a rule the code is typed in capitals, without spaces or dashes. Pasting the code beats retyping it.

Choosing between the 2 SWIFT codes of Goldman Sachs Australia Pty LTD

We have 2 SWIFT/BIC codes for Goldman Sachs Australia Pty LTD in 1 places. Besides the head office code JBWLAU31XXX, there are codes for individual branches and departments.

In most cases there is no need to pick a branch: payments addressed to JBWLAU31XXX reach Goldman Sachs Australia Pty LTD correctly. Just use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

The safest route is to take the code directly from the recipient’s invoice. Codes can change when banks reorganise, so a code from an old document is not always valid.

Where our SWIFT data comes from

The directory on GoldexPay is compiled from publicly available sources and is updated regularly. Even so, banks merge or retire codes, so information can be out of date. Counts and locations are from our own dataset and may differ from what Goldman Sachs Australia Pty LTD publishes.

Use our data as a reference, not as the last word. GoldexPay is not affiliated with Goldman Sachs Australia Pty LTD; we are a comparison site for money transfers. Should you notice a mistake, we appreciate a short note via the contact page.

International transfers from Goldman Sachs Australia Pty LTD: the real cost

A bank transfer abroad can cost more than the listed fee. On top of the transfer fee, banks in between can deduct a fee, and when currencies are converted, the bank often uses a rate below the real market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts using an exchange rate that includes a margin. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialist money transfer services frequently use a rate near the mid-market rate and lower fees. Before your next transfer, it is worth comparing what arrives on GoldexPay instead of going straight to your bank. You can always use your account at Goldman Sachs Australia Pty LTD.

How long does an international transfer to Goldman Sachs Australia Pty LTD take?

A SWIFT payment usually takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made after the cut-off time or on a weekend or public holiday often start the next business day. Occasionally a bank wants to know what the payment is for.

When a payment takes longer than expected, contact your bank for the tracking status and the transaction reference. Specialist transfer services often show tracking online so you can see where the payment is.

A delayed transfer has to be traced by the sending bank. Request from the sender a copy of the payment confirmation – it helps your own bank look for the money.