Perennial Investment Partners SWIFT/BIC code

SWIFT/BIC code of Perennial Investment Partners

The short code PEIPAU31 and the 11-character code PEIPAU31XXX identify one and the same institution: Perennial Investment Partners, with its head office in Melbourne. A SWIFT code tells every bank in the chain which institution should receive the money, a bit like a postal address for banks. It comes up mostly for transfers between countries and payments in foreign currencies.

Further down we go through the practical questions: money coming in from abroad, sending money abroad and how to verify the code before you hit send. The SWIFT code on its own cannot identify an individual account holder; for that you need the IBAN or account number is for.

Receiving money from abroad at Perennial Investment Partners

A sender in another country will ask for several details about your account. What they need is: your name, account number or IBAN, PEIPAU31XXX or PEIPAU31 and, for some countries, your postal address.

It helps to include Perennial Investment Partners and Melbourne as well, because some payment forms have separate fields for them. A typo in the IBAN 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 the amount sent. Fees for incoming transfers differ from bank to bank; check the price list of Perennial Investment Partners. For business payments, it is common to state who bears the costs.

Sending AUD to Perennial Investment Partners

Accounts at Perennial Investment Partners are typically held in AUD, the national currency. A payment in a foreign currency will be converted into AUD before it reaches the account. You rarely see a separate line for that conversion; it is built into the rate.

Which bank converts the money makes a difference, because each party uses its own rate. Compare what AUD the recipient gets with several providers before choosing one.

Rates for AUD change during the day – some services let you fix a rate in advance. If you pay regularly, a slightly better rate add up over time.

Sending money abroad from Perennial Investment Partners

If you transfer money abroad through Perennial Investment Partners, the fee you see is only part of the cost. Besides the transfer fee, banks in between can deduct a fee, and when the money changes currency, the bank often uses a rate that is less favourable than the actual market rate.

Many banks rarely show the margin on the rate separately. An easy check: set the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

For a lot of routes, a transfer service is less expensive than a traditional bank transfer. On GoldexPay we compare what recipients receive across providers. Using a transfer service does not mean closing your account at Perennial Investment Partners: you simply pay the service from your account.

When will the money arrive at Perennial Investment Partners?

There is no single delivery time for every transfer: some land the same day or the next while others need several business days. Payments made late in the day or on weekends and holidays usually go out a business day later. Occasionally a bank asks about the purpose of a payment, which can hold things up.

If the money is late, contact your bank for the tracking status and the transaction reference; with that reference banks can see where the payment is. Money transfer services often show a status in their app so you can see how far the money has got.

The bank that sent the money is able to request a trace or a recall. Ask the sender for the payment receipt including the reference – it helps your own bank look for the money.

8 or 11 characters: PEIPAU31 versus PEIPAU31XXX

A SWIFT code is made up of a few fixed parts: the first four letters identify the bank, the next two give the country and characters seven and eight mark the location. In this case, the 8-character core is PEIPAU31.

Most banks and apps accept both lengths. If yours asks for eleven characters, use PEIPAU31XXX.

Enter the code as one block, in capitals and without separators. Copying the code is safer than retyping it, because one wrong letter changes the bank.

Changed bank details? Be careful

A common scam goes like this: you receive a message claiming that a contact now has new bank details and asking you to pay there from now on. The fact that PEIPAU31 exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Verify new bank details through a different channel, not by replying to the message. Pressure or secrecy are warning signs. When a payment was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: a classic trick is an overpayment followed by a request to refund the difference abroad. Do not act before the money has really arrived.

Perennial Investment Partners: head office code versus branch codes

With 2 codes, Perennial Investment Partners belongs to the banks that register individual codes for parts of the organisation and departments. The main code remains PEIPAU31XXX.

If nobody asks you for a branch code, go with PEIPAU31XXX. A branch code only makes sense if the recipient’s bank specifically asks for it.

Not sure which code to use? Check with the recipient or the bank itself. Codes for branches are more likely to change than the head office code.

How to check PEIPAU31 before you pay

Ask the recipient to send you the account details directly from their online banking. Check that code with PEIPAU31 here; if they differ, ask before you pay.

With a wrong code, the payment might be delayed, bounce back or end up costing more – sometimes after weeks of searching. A mistake in the IBAN or account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

A validity check in your banking app merely confirms that the code exists – not that it belongs to the person you mean to pay. Some banks now compare the name with the account before you confirm. For a first payment, many people send a small test amount and wait for confirmation.

Where our SWIFT data comes from

We collect SWIFT/BIC codes from public sources and update our list regularly. Even so, banks merge, rename themselves or change codes. Figures such as the number of codes are from our directory and may differ from what Perennial Investment Partners publishes.

For any payment that matters, always confirm the code with the recipient’s bank or with the recipient. We are an independent comparison site and not affiliated with Perennial Investment Partners. If you notice something that is out of date, we welcome a message.