The Bank of New York Mellon, Australia SWIFT/BIC code

The Bank of New York Mellon, Australia SWIFT code: BNYMAU2S

BNYMAU2S and BNYMAU2SXXX are two spellings of the same bank identifier, and both point to The Bank of New York Mellon, Australia in Sydney. The code does one job: it ensures that money from abroad ends up at the right bank. You will need it mainly for transfers between countries or a currency.

Below we go through the practical side: money coming in from abroad, sending money abroad and how to check the code before you hit send. Remember that the SWIFT code just identifies the bank, not the person: the IBAN or account number takes care of that.

Sending money abroad from The Bank of New York Mellon, Australia

What you pay for an international transfer is made up of more than one component, and the transfer fee is only the most visible one. On top of the transfer fee, correspondent or intermediary banks may take a cut, and when currencies are converted the bank often applies a rate below the real market rate.

Banks do not list the margin on the rate as a cost. Check their rate with the mid-market rate; the gap is what conversion costs you.

Money transfer services frequently offer a rate near the mid-market rate. Next time you send money, it is worth to compare the total cost via GoldexPay. Using a transfer service does not mean leaving The Bank of New York Mellon, Australia: you simply pay the service from your account.

Protect yourself against fake payment requests

Criminals regularly send payment requests containing new bank details. A valid SWIFT code tells you nothing about whether the request is genuine.

Never trust contact details from the same email that contains the new account. Watch out for urgent requests, odd spelling or an email address that differs by one letter. Already paid? Call your bank without delay and ask them to try to recall the payment; also report it to the police.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference. Wait until the money has really arrived and check with The Bank of New York Mellon, Australia if anything seems off.

How to check BNYMAU2S before you pay

The best place to find the correct BIC is a document from the bank itself, such as a statement or the account details in online banking. When the code you were given differs from BNYMAU2S or BNYMAU2SXXX, stop and ask: check with the recipient or with The Bank of New York Mellon, Australia directly.

Errors in the SWIFT code tend to be annoying more than disastrous. Remember the account number: a mistake there is harder to correct than a wrong BIC.

Most online banking apps check the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks compare the name against the account – do not ignore a mismatch warning. A small test payment is worth it for a large first payment, even if it costs an extra fee.

How long does an international transfer to The Bank of New York Mellon, Australia take?

How quickly a transfer reaches The Bank of New York Mellon, Australia depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and time zones. Bank holidays in the sending or receiving country add extra days, since banks do not process on those days. Occasionally a bank asks what the payment is for before releasing it.

When a payment takes longer than expected, contact the sending bank about the status or the UETR so they can trace it along the chain. Specialist transfer services often provide tracking in their app showing how far the money is.

If a payment has not arrived after a few business days, the sender should contact their own bank rather than The Bank of New York Mellon, Australia. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

Australian Dollar (AUD) and conversion costs

The currency of Australia is the Australian Dollar (AUD). If you send money in a different currency it has to be converted somewhere along the way: by your bank, an intermediary or The Bank of New York Mellon, Australia itself. Each conversion costs the amount.

Where the conversion happens has an effect on how much arrives, as rates and margins differ per bank. Transferring the money already in AUD often avoids an extra conversion at the receiving end.

The AUD rate fluctuates throughout the day and quotes are often valid only for a short time. With bigger transfers, a small difference in the rate can be worth more than the fee.

8 or 11 characters: BNYMAU2S versus BNYMAU2SXXX

A BIC is made up of fixed blocks: characters one to four stand for the bank, the next two show the country and the two after that mark the location. For The Bank of New York Mellon, Australia, that core is BNYMAU2S.

XXX at the end of BNYMAU2SXXX does not stand for a missing value or an error: it indicates the main office of The Bank of New York Mellon, Australia. Some banking apps ask for 11 characters, and then you simply enter XXX behind BNYMAU2S.

Type the code as one block, in capitals and without separators, exactly as shown here. A wrong letter can send a payment to another bank, so check it twice.

About this information

We collect bank codes using public sources and update them regularly. It is possible that a code here is out of date. The figures on this page are based on what is in our directory, not official figures from The Bank of New York Mellon, Australia.

Before a payment that matters, always confirm the BIC with The Bank of New York Mellon, Australia or with the recipient. GoldexPay is a comparison service for money transfers and not part of The Bank of New York Mellon, Australia. Found an error? Let us know via our contact form.

Choosing between the 2 SWIFT codes of The Bank of New York Mellon, Australia

Having 2 codes in 1 locations, The Bank of New York Mellon, Australia is one of the banks that use separate codes for branches. The head office code remains BNYMAU2SXXX.

Unless the recipient tells you otherwise, go with BNYMAU2SXXX or its short form BNYMAU2S. A branch code only makes sense if the account holder specifically mentions it, which is more common for business accounts and specialised services.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more prone to be retired than BNYMAU2SXXX when a bank merges or closes offices.

What to give a sender who pays you at The Bank of New York Mellon, Australia

A sender in another country will ask for a few details about your account – incomplete details often cause delays. Share your name as the bank knows it, the IBAN or account number, the BIC BNYMAU2SXXX and your address.

Their bank may request the address of your bank, in which case the Sydney head office is the usual answer. A mistake in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

An incoming payment will not always land for the full amount. Charges on incoming payments vary per bank; check the price list of The Bank of New York Mellon, Australia. Agree with the sender who covers the fees before the money is sent.