Taiwan Business Bank, Sydney Branch SWIFT/BIC code

Taiwan Business Bank, Sydney Branch SWIFT code: MBBTAU2S

MBBTAU2S and MBBTAU2SXXX are two ways of writing the same SWIFT/BIC code, and both lead to Taiwan Business Bank, Sydney Branch in Sydney. A BIC has a single purpose: it ensures that money from abroad reaches the right bank. In practice you mostly see the code on international invoices, in your banking app and on the account details that Taiwan Business Bank, Sydney Branch provides.

On this page you can read what the code is put together, when you need it and what else a transfer to or from Taiwan Business Bank, Sydney Branch requires. Keep in mind that the SWIFT code only identifies the bank, not the person: the IBAN or account number does that part.

Tracking a transfer to or from Taiwan Business Bank, Sydney Branch

There is no fixed delivery time for every transfer: some land within a day, others take several business days. Bank holidays in either country add a day or more, since banks do not process on those days. Occasionally a bank asks what the payment is for.

A growing number of banks use SWIFT gpi. Each payment gets a unique reference, the UETR. Specialist transfer services often show tracking in their app so you can see where the money is.

A delayed transfer has to be traced from the sending side. As a recipient, it helps to check your account to see a partial amount because fees can reduce the amount.

Head office or branch code at Taiwan Business Bank, Sydney Branch?

Taiwan Business Bank, Sydney Branch uses 2 different SWIFT/BIC codes across 2 cities. Only one is the head office code, MBBTAU2SXXX; the others belong to branches, and sometimes specific services.

For the vast majority of payments to a private or business account, the head office code MBBTAU2SXXX is the right choice. Branch codes are only needed when the recipient’s bank specifically mentions it.

Not sure which code to use? Ask the recipient or the bank itself. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

The Australian Dollar and what conversion costs you

The currency of Australia is the Australian Dollar (AUD). If you send another currency has to be converted at some point. Each conversion eats into the amount – usually through the rate rather than a fee.

Who converts the payment matters, because each party uses its own rate. Often it is cheaper to send AUD straight away through a provider that converts near the mid-market rate.

The rate for AUD fluctuates throughout the day. For regular payments, a slightly better rate add up over time.

Where our SWIFT data comes from

We collect SWIFT/BIC codes from publicly available data and check them from time to time. Even so, banks merge or retire codes, so information can be out of date. The figures on this page are based on our own data.

See the information on this page as a handy check, and let the details from the recipient or Taiwan Business Bank, Sydney Branch have the final say. We are an independent comparison service and not affiliated with Taiwan Business Bank, Sydney Branch. Found an error? Let us know via our contact form.

Getting paid from abroad into a Taiwan Business Bank, Sydney Branch account

To receive a transfer from abroad into your account at Taiwan Business Bank, Sydney Branch, the person paying you needs more than the SWIFT code. What they need is: your name, account number or IBAN, MBBTAU2SXXX or MBBTAU2S and in many cases your postal address.

It helps to add Taiwan Business Bank, Sydney Branch and its city too. Double-check the details before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad will not always arrive for the full amount. Intermediary banks may deduct a fee, and when currencies differ, a markup on the rate applies. For business payments, you can state how the fees are split.

What the XXX in MBBTAU2SXXX means

The structure of every SWIFT code never changes: four characters for the institution, two for the country and a two-character location code, sometimes followed by a branch code. For Taiwan Business Bank, Sydney Branch, that core is MBBTAU2S.

Most banks and apps accept either length. If yours asks for eleven characters, use MBBTAU2SXXX, otherwise MBBTAU2S is fine.

Leave out spaces when you enter MBBTAU2S or MBBTAU2SXXX. Look out for O versus 0 and the letter I and the digit 1; they are easy to mix up.

How to check MBBTAU2S before you pay

The safest source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. When the code you were given differs from MBBTAU2S or MBBTAU2SXXX, do not guess – contact the recipient or Taiwan Business Bank, Sydney Branch.

A wrong SWIFT code may lead to delays, a payment being sent back or extra fees along the way. A mistake in the IBAN or account number is more serious.

A validity check in your banking app only tells you that the IBAN is valid. If your bank offers it, a name check on the recipient gives extra certainty. For a first payment, many people send a small test amount before sending the rest.

Changed bank details? Be careful

Stay wary if someone suddenly wants you to send money to a different account abroad. That MBBTAU2S is a real code is no guarantee that a request mentioning it is genuine.

Before paying, confirm changed bank details by phone on a number you know, not one from the message. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. Already paid? Contact your bank without delay and have them try to recall the payment and report the fraud.

People receiving money 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. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Paying someone abroad from your Taiwan Business Bank, Sydney Branch account

The price of a payment abroad has more than one component – not just the fee on your screen. On top of a fixed fee, correspondent or intermediary banks may take a cut, and if currencies are converted the bank usually uses a rate below the real market rate.

Most of the cost usually sits in the exchange rate: the bank converts at a rate with a margin built in. An easy check: set the bank’s rate against the mid-market rate and work out the difference on your amount.

Specialist money transfer services often offer a rate near the mid-market rate. Before your next transfer, take a minute comparing what arrives on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require leaving Taiwan Business Bank, Sydney Branch.