State Street Bank and Trust Company, Sydney Branch SWIFT/BIC code

SBOSAU2X – the SWIFT/BIC code of State Street Bank and Trust Company, Sydney Branch

The 8-character code SBOSAU2X and the 11-character code SBOSAU2XXXX refer to the same bank: State Street Bank and Trust Company, Sydney Branch in Sydney, Australia. Every bank on the SWIFT network uses BIC codes to direct international transfers to the right bank. It comes up mostly when dealing with transfers between countries or a currency.

Further down you will find the practical side: receiving money at State Street Bank and Trust Company, Sydney Branch, paying someone in another country and how to check the code before you hit send. Keep in mind that the SWIFT code only identifies the bank, not the person: the IBAN or account number takes care of that.

How long does an international transfer to State Street Bank and Trust Company, Sydney Branch take?

There is no fixed answer for international payments: many land the same day or the next. Payments made after the cut-off time or on weekends and holidays usually go out a business day later. Compliance checks on larger or unusual payments can also cause some delay.

Many banks use SWIFT gpi. Each payment carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services usually show tracking in their app so you can see where the payment is.

A missing payment is investigated by the sending bank on the basis of the transfer details. As a recipient, you can check your account to see a partial amount because fees can reduce the amount.

Why State Street Bank and Trust Company, Sydney Branch has an 8- and an 11-character code

The structure of every SWIFT code is always the same: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. In this case, the 8-character core is SBOSAU2X.

XXX at the end of SBOSAU2XXXX is not a missing value or a mistake: it indicates the head office of State Street Bank and Trust Company, Sydney Branch. Some banking apps ask for 11 characters, in which case you simply add XXX behind SBOSAU2X.

Enter the code in one piece, in upper case and without separators, exactly as shown here. A single character can send the money to another bank, so check it twice.

State Street Bank and Trust Company, Sydney Branch: head office code versus branch codes

State Street Bank and Trust Company, Sydney Branch has 2 separate SWIFT/BIC codes across 1 locations. One of them is the head office code; the rest identify branches.

Unless the recipient tells you otherwise, use SBOSAU2XXXX or its short form SBOSAU2X. Only use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes can change over time, so a code from an old document is not always valid.

Watch out for payment fraud

Be wary when a contact suddenly wants you to send money to another account or a bank in another country. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Before paying, confirm changed bank details through a phone call. Urgency or secrecy tend to be red flags – a real supplier can wait a day. If money has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference to another account. Do not act before the money has really arrived – ask State Street Bank and Trust Company, Sydney Branch if something looks wrong.

About this information

The directory on GoldexPay draws on publicly available sources and is updated regularly. Banks reorganise, change names and change codes, and a directory never catches every change immediately. Figures such as the number of codes are from our own dataset and may differ from what State Street Bank and Trust Company, Sydney Branch publishes.

Treat our data as a starting point, rather than as the final word – the bank details from the recipient are leading. We are a comparison service for money transfers and not affiliated with State Street Bank and Trust Company, Sydney Branch. Spotted an error? Tell us via our contact form so we can correct it.

The Australian Dollar and what conversion costs you

Most accounts at State Street Bank and Trust Company, Sydney Branch are usually held in AUD, the national currency. If you send another currency, the amount gets converted somewhere along the way. Each conversion costs the amount.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Compare what AUD the recipient gets via several providers before choosing one.

Exchange rates move all the time – some services let you fix a rate in advance. If you pay regularly, a slightly better rate add up over a year.

Sending money abroad from State Street Bank and Trust Company, Sydney Branch

If you transfer money to another country via State Street Bank and Trust Company, Sydney Branch, the visible fee is rarely all of what you pay. There is the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup if the currency changes.

Banks rarely list the margin on the rate separately – you only notice it if you compare. A simple test: set the rate you get against the mid-market rate for the same moment and look at the difference.

Specialist money transfer services often use rates closer to the mid-market rate with clearer fees. GoldexPay compares what recipients receive with different services, so you can pick the cheapest route. Choosing a specialist does not mean leaving State Street Bank and Trust Company, Sydney Branch: you simply pay the service from your account.

What to give a sender who pays you at State Street Bank and Trust Company, Sydney Branch

A sender in another country needs several details from you – incomplete details often cause delays. Give them the account holder’s name, your account number or IBAN, SWIFT code SBOSAU2XXXX and your address, which some banks require.

Some sending banks want the bank’s address in Sydney. Double-check the details before you share them, because the sender’s bank usually copies them as is.

Do not be surprised if the amount credited is smaller than what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin applies. For business payments, it is common to agree how the fees are split.

How to check SBOSAU2X before you pay

The most reliable source for a SWIFT code is the recipient’s own bank details. Check it against SBOSAU2X here; if they differ, ask before you pay.

Mistakes in the BIC are annoying more than disastrous – usually the money comes back, minus fees and time lost. An error in the account number can be a bigger problem, because the money may be credited to someone else; check it just as carefully.

A validity check by your bank merely confirms that the IBAN is valid – not that it belongs to the person you mean to pay. Some banks now compare the payee name with the account. Sending a small amount first is a sensible step for a large first payment despite the extra fee.