Suncorp-Metway Limited SWIFT/BIC code

SWIFT/BIC code of Suncorp-Metway Limited

If an invoice shows METWAU4B or METWAU4BXXX, you are looking at the same identifier for Suncorp-Metway Limited in Australia. A SWIFT code tells every bank in the chain exactly which bank is meant to get the money, a bit like a postal address for banks. In practice you mostly come across the code on international invoices, in payment forms and in the bank details that Suncorp-Metway Limited provides.

Below we go through the practical questions: receiving money at Suncorp-Metway Limited, sending money abroad and how to check the code before you hit send. A SWIFT code identifies a bank or branch, not a specific account.

Changed bank details? Be careful

Be alert when someone unexpectedly wants you to send money to a different account. That METWAU4B is a real code is no guarantee that the account is genuine.

Verify new payment details through a different channel, such as a phone number you already know, never via the email that asked for the change. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. Acted too fast? Call the bank you paid from straight away and ask them to try to recall the payment.

Fraud can also target the receiver: someone sends too much and asks you to refund the difference via a different route. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Tracking a transfer to or from Suncorp-Metway Limited

How quickly a payment reaches Suncorp-Metway Limited is determined by a few things: the currency, the number of banks in between, daily processing deadlines and time zones. Transfers sent after the cut-off time or on a weekend or public holiday often start a business day later. Compliance checks by one of the banks may also cause a delay, regardless of the details.

When a payment takes longer than expected, contact the sending bank about the tracking status. Keep your transfer receipt until the money has arrived.

The bank that sent the money can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, it helps to check your statements for a partial amount, since fees may have been deducted.

Paying into Suncorp-Metway Limited in AUD

Most accounts at Suncorp-Metway Limited are typically held in AUD, the local currency. If you send money in a different currency it has to be converted at some point. Every conversion eats into the amount.

Which bank converts the payment makes a difference: every bank has its own margin. Compare what AUD the recipient gets with different services; the difference between options can be larger than you expect.

The AUD rate changes constantly. On larger amounts, a small difference in the rate adds up quickly.

Getting paid from abroad into a Suncorp-Metway Limited account

To receive an international payment into your account at Suncorp-Metway Limited, the sender needs not just the SWIFT code. Give them your name as the bank knows it, the IBAN or account number, SWIFT code METWAU4BXXX and your address.

Their bank may also ask for the address of your bank. A typo in the IBAN is harder to fix than you might think, so copy the details from your online banking.

Expect that the amount credited is smaller than what the sender paid. Charges on incoming payments differ from bank to bank. For business payments, you can agree how the fees are split.

A note on our data

The codes on this page come from publicly available data. It is possible that information on this page is out of date after a merger or reorganisation. Figures such as the number of codes are from our directory.

Use this page as a reference, not as the final word – the bank details from the recipient are leading. We are an independent comparison service for money transfers and not part of Suncorp-Metway Limited. Should you notice a mistake, we appreciate a message via the contact page.

Is METWAU4B still correct? How to check

Have the recipient copy the account details directly from a recent statement. Check it with METWAU4B here and ask if anything does not match.

Errors in the SWIFT code are annoying more than fatal: often the payment comes back, minus fees. A mistake in the account number is more serious, because the money may be credited to someone else, so check that just as carefully.

An automatic check by your bank merely confirms that the code is valid. Where available, a payee name check before sending adds an extra layer of safety. For a first payment, some people send a small test amount before sending the rest.

International transfers from Suncorp-Metway Limited: the real cost

A bank transfer abroad costs more than the fee suggests. There is the transfer fee, possibly charges from correspondent banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

Most of the cost usually sits in the exchange rate: many banks convert using an exchange rate with a margin built in. An easy check: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

For many currency pairs, a transfer service is cheaper than a traditional bank transfer – mostly thanks to the rate. Next time you send money, take a minute comparing what arrives via GoldexPay. Choosing a specialist does not require leaving Suncorp-Metway Limited.

Which of the 4 codes of Suncorp-Metway Limited do you need?

Our directory lists 4 SWIFT/BIC codes for Suncorp-Metway Limited, spread over 1 cities. Next to the head office code METWAU4BXXX, you will find codes for branches, departments or specific services.

For most incoming transfers, the head office code METWAU4BXXX works fine. When you receive a branch code, use it as it is rather than swapping it for the head office code.

Not sure which code to use? Ask the recipient or the bank itself. Branch codes can change over time, so a code from an old document is not always valid.

What the XXX in METWAU4BXXX means

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. The result is METWAU4B.

Most payment forms work with both lengths. If yours requires eleven characters, use METWAU4BXXX, otherwise METWAU4B is fine.

In practice the code is typed in capitals, without spaces or dashes. A wrong character can send the money to another bank, so check it twice.