Mega International Commercial Bank Co., LTD, Sydney Branch SWIFT/BIC code

SWIFT/BIC code of Mega International Commercial Bank Co., LTD, Sydney Branch

The short code ICBCAU2S and the full code ICBCAU2SXXX refer to one and the same institution: Mega International Commercial Bank Co., LTD, Sydney Branch, with its head office in Sydney. Every bank on the SWIFT network uses BIC codes to direct payments between countries to the correct institution. In daily life you mostly come across the code on invoices from abroad, in your banking app and in the bank details that Mega International Commercial Bank Co., LTD, Sydney Branch provides.

On this page you can read what the code means, when it matters and what else a transfer to or from Mega International Commercial Bank Co., LTD, Sydney Branch requires. A SWIFT code identifies a bank or branch, never a specific account; the IBAN or account number does that.

Is ICBCAU2S still correct? How to check

Ask the recipient to copy their account details directly from a recent statement. If the code you have does not match ICBCAU2S or ICBCAU2SXXX, stop and ask – contact the recipient or Mega International Commercial Bank Co., LTD, Sydney Branch.

Errors in the BIC are annoying rather than fatal. An error in the IBAN or account number can be more serious, because the money may be credited to someone else.

A validity check in your banking app merely confirms that the code exists. More and more banks check the name with the account; take any warning seriously. For a first payment, some people send a small test amount and wait for confirmation.

Sending AUD to Mega International Commercial Bank Co., LTD, Sydney Branch

Australia pays in the Australian Dollar, code AUD. When you pay money in a different currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Mega International Commercial Bank Co., LTD, Sydney Branch itself. Each conversion eats into the amount.

Who does the conversion affects the final amount, since every bank sets its own rate. Compare what AUD arrives with several providers.

The AUD rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate make a real difference over time.

Scams that use SWIFT codes

A common scam goes like this: an email arrives with a message claiming that a supplier has new bank details and asking you to pay there from now on. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Always verify changed bank details by phone, using a number you already had. Pressure or secrecy tend to be warning signs – a real supplier can wait a day. Already paid? Contact the bank you paid from without delay and ask them to try to recall the payment.

Scams can also target the receiver. Someone sends too much and asks you to return the difference via a different route. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

International transfers from Mega International Commercial Bank Co., LTD, Sydney Branch: the real cost

A bank transfer abroad costs more than the listed fee. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted, the bank usually uses a rate that is less favourable than the real market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. Compare the rate you are offered against the mid-market rate.

For many routes, a transfer service is less expensive than a bank. GoldexPay lists these services next to each other so you can see the amount the recipient gets before you commit. You can always keep your account at Mega International Commercial Bank Co., LTD, Sydney Branch; only the conversion and sending happen elsewhere.

Choosing between the 3 SWIFT codes of Mega International Commercial Bank Co., LTD, Sydney Branch

Mega International Commercial Bank Co., LTD, Sydney Branch uses 3 separate SWIFT/BIC codes. Only one is the head office code; the others identify branches.

Unless the recipient tells you otherwise, use ICBCAU2SXXX or its short form ICBCAU2S. Branch codes are only needed when the account holder specifically asks for it, which is more common for corporate accounts and specialised services.

Unsure which code to use? Check with the recipient. Branch codes can change over time.

What to give a sender who pays you at Mega International Commercial Bank Co., LTD, Sydney Branch

For an international payment into your account at Mega International Commercial Bank Co., LTD, Sydney Branch, the person paying you has to have more than the SWIFT code. Share the account holder’s name, your account number or IBAN, SWIFT code ICBCAU2SXXX and your address, which some banks require.

The sender’s bank may request the bank address of Mega International Commercial Bank Co., LTD, Sydney Branch; the head office in Sydney is usually fine. Double-check the details before you share them, because the sender’s bank usually copies them as is.

What lands in your account is often less than what was sent. Fees for incoming transfers vary per bank; check the price list of Mega International Commercial Bank Co., LTD, Sydney Branch. Agree with the sender who pays which costs.

What the XXX in ICBCAU2SXXX means

Each SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. Combined, these eight characters make up ICBCAU2S.

Many banks and apps accept either length. If yours requires eleven characters, enter ICBCAU2SXXX, otherwise ICBCAU2S is fine.

Enter the code as one block, in capitals and without spaces. A single letter can send a payment to another bank, so check it twice.

How long does an international transfer to Mega International Commercial Bank Co., LTD, Sydney Branch take?

How quickly a payment reaches Mega International Commercial Bank Co., LTD, Sydney Branch is determined by a few things: which currency you send, the number of banks in between, cut-off times and time zones. Bank holidays in the sending or receiving country can add a day or more to the journey. Extra checks by one of the banks may also add a delay.

If a transfer seems delayed, contact the sending bank for the tracking status so they can trace it along the chain. Money transfer services often provide tracking online showing how far the money is.

Only the sending bank can start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation with the date and reference; that often settles the question quickly.

About this information

We collect SWIFT/BIC codes using publicly available data and check our list regularly. Banks merge, close branches and change codes – a directory can be a step behind. Figures such as the number of codes are from our directory and may differ from what Mega International Commercial Bank Co., LTD, Sydney Branch publishes.

For a payment that matters, always check the code with the recipient’s bank or with the recipient. GoldexPay is an independent comparison site and not part of Mega International Commercial Bank Co., LTD, Sydney Branch. Spotted outdated information? Tell us through the contact page.