J.p. Morgan Australia Limited SWIFT/BIC code

What JPMAAU2X means for a payment to J.p. Morgan Australia Limited

The 8-character code JPMAAU2X and the 11-character code JPMAAU2XXXX refer to one and the same institution: J.p. Morgan Australia Limited in Sydney, Australia. Every bank on the SWIFT network uses these codes to direct international transfers to the correct bank. You will need it mainly for payments that cross a border.

On this page we explain how the code means, when you need it and which other details a transfer to or from J.p. Morgan Australia Limited requires. A SWIFT code identifies a bank or branch, not a single account, which is why you always need the account number too.

J.p. Morgan Australia Limited: head office code versus branch codes

Having 2 codes, J.p. Morgan Australia Limited is one of the banks that register separate codes for branches and departments. The main code is JPMAAU2XXXX.

In most cases there is no need to pick a branch: transfers sent to JPMAAU2XXXX are routed within J.p. Morgan Australia Limited correctly. A branch code only makes sense if the account holder explicitly asks for it.

The safest approach is to copy the code directly from the recipient’s invoice. Branch codes are more likely to be retired than the head office code.

Why J.p. Morgan Australia Limited has an 8- and an 11-character code

A BIC is built from fixed blocks: the first four letters identify the bank, characters five and six show the country and the two after that indicate the location. In this case, that core is JPMAAU2X.

The long version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office.

Enter the code in one piece, in upper case and without spaces. Copying the code is safer than retyping it: a typo can point to another bank.

Is JPMAAU2X still correct? How to check

The most reliable place for the right code is paperwork issued by the bank. If the code you have differs from JPMAAU2X or JPMAAU2XXXX, stop and ask.

A wrong SWIFT code can cause a delay, a payment being sent back or additional charges. A mistake in the IBAN or account number can be more serious because it can reach the wrong person, so check that just as carefully.

A validity check by your bank only tells you that the code is valid. More and more banks compare the name against the account; take any warning seriously. For a first payment, some people start with a small amount first and wait for confirmation.

What to give a sender who pays you at J.p. Morgan Australia Limited

To receive a transfer from abroad into your account at J.p. Morgan Australia Limited, the sender needs more than the SWIFT code. Give them your name as the bank knows it, the IBAN or account number, SWIFT code JPMAAU2XXXX and your address.

The sender’s bank might request the address of your bank; the head office in Sydney is usually fine. Check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be lower than what was sent. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. Agree with the sender who pays which costs.

The Australian Dollar and what conversion costs you

Accounts at J.p. Morgan Australia Limited are usually held in AUD, the local currency of Australia. Money sent in a different currency will be converted into AUD. Every conversion costs something – usually through the rate rather than a fee.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. Often it is cheaper to send AUD straight away via a transfer service with a good rate.

The AUD rate changes throughout the day. For regular payments, a slightly better rate make a real difference over time.

When will the money arrive at J.p. Morgan Australia Limited?

An international transfer usually needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Transfers sent late in the day or on a weekend or public holiday usually start the next business day. Occasionally a bank asks what the payment is for.

When a payment takes longer than expected, ask your bank for the status or the UETR so they can trace it along the chain. Money transfer services usually show a status online so you can see how far the money is.

A delayed transfer has to be traced from the sending side, using the payment confirmation. Request from the sender the payment receipt with the date and reference; that often settles the question quickly.

What a transfer from J.p. Morgan Australia Limited abroad really costs

An international bank payment costs rather more than the listed fee. On top of a fixed fee, banks in between can take a cut, and if the money changes currency, the bank usually applies a rate below the real market rate.

The markup on the rate is often the largest item, and it is easy to miss. A simple test: set the bank’s rate next to the mid-market rate and work out the difference on your amount.

Money transfer services often offer rates closer to the mid-market rate. On GoldexPay we compare what recipients receive across services. Choosing a specialist does not mean closing your account at J.p. Morgan Australia Limited – you pay the provider from your own account.

About this information

We gather SWIFT/BIC codes using public sources and check them from time to time. It can happen that information on this page is out of date after a merger or reorganisation. Counts and locations come from our own dataset.

Use this page as a reference, rather than as the final word – the bank details from the recipient are leading. GoldexPay is a comparison site for money transfers and not part of J.p. Morgan Australia Limited. Found outdated information? Tell us through the contact page.

Scams that use SWIFT codes

Fraudsters regularly send fake invoices with changed bank details, sometimes in an email that looks completely genuine. A real SWIFT code says nothing about whether the request is genuine.

Always verify changed bank details by phone on a number you know, not one from the message. Pressure or secrecy are warning signs; a genuine business can wait for you to check. Acted too fast? Contact your bank straight away and have them start a recall; also report it to the police.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference. A payment confirmation from the sender proves nothing.