UBS Securities Australia LTD SWIFT/BIC code

What UWAEAU21 means for a payment to UBS Securities Australia LTD

UWAEAU21 and UWAEAU21XXX are the short and the long form of the same SWIFT/BIC code, and both point to UBS Securities Australia LTD in Sydney. Every bank on the SWIFT network uses BIC codes to direct international transfers to the correct institution. It comes up mostly when dealing with payments that cross a border or a currency.

Below we go through the practical questions: receiving money at UBS Securities Australia LTD, paying someone in another country and how to verify the code before you hit send. A SWIFT code names an institution, never a single account, which is why you always need the account number too.

Is UWAEAU21 still correct? How to check

The most reliable source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. When the code you were given does not match UWAEAU21 or UWAEAU21XXX, do not guess – contact the recipient or UBS Securities Australia LTD.

An incorrect BIC can cause a delay, a returned payment or additional charges along the way. An error in the account number can be a bigger problem; check it just as carefully.

A format check by your bank only confirms that the code is valid, not that it is the right account. Some banks now check the name with the account; take any warning seriously. Sending a small amount first is worth it for large sums, even if it costs an extra fee.

Which of the 2 codes of UBS Securities Australia LTD do you need?

UBS Securities Australia LTD uses 2 separate SWIFT/BIC codes across 1 locations. One of them is the head office code, UWAEAU21XXX; the others identify branches.

If nobody asks you for a branch code, use UWAEAU21XXX. Only use a branch code when your contact gives you that exact code.

Not sure which code applies? Check with the recipient or the bank itself. Codes for branches are more prone to be retired than UWAEAU21XXX.

Getting paid from abroad into a UBS Securities Australia LTD account

Someone abroad who wants to pay you will ask for several details from you. The basics are: your name, account number or IBAN, UWAEAU21XXX and in many cases your home address.

The sender’s bank may also ask for the bank address of UBS Securities Australia LTD; the head office in Sydney is usually fine. A typo in the IBAN is harder to fix than it looks.

Expect that the incoming amount is below the amount on the sender’s receipt. Fees for incoming transfers differ per bank. On invoices, you can agree who bears the costs to avoid a shortfall.

UWAEAU21 or UWAEAU21XXX – which one to use?

The structure of every SWIFT code is always the same: a bank code of four letters, two for the country and a two-character location code, plus an optional branch code. For UBS Securities Australia LTD, the 8-character core is UWAEAU21.

Most payment forms work with both lengths. If a form asks for eleven characters, enter UWAEAU21XXX, otherwise UWAEAU21 is fine.

Type the code as one block, in capitals and without spaces, exactly as shown here. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.

A note on our data

This directory is based on publicly available sources and we update it periodically. Banks merge, close branches and retire codes. The figures on this page are based on what is in our directory and not on information from UBS Securities Australia LTD itself.

See our directory on this page as a handy check and rely on the recipient or UBS Securities Australia LTD for the final confirmation. GoldexPay is an independent comparison service and not part of UBS Securities Australia LTD. Found outdated information? Let us know via our contact form.

Australian Dollar (AUD) and conversion costs

Australia pays in the Australian Dollar, with the currency code AUD. Money sent in a different currency is converted into AUD – and the bank that does it picks the rate. There is rarely a separate line for that conversion.

Where the conversion happens affects how much arrives, since every bank sets its own rate. Often it is cheaper to send AUD straight away through a transfer service with a good rate.

Exchange rates change during the day. If you pay regularly, a slightly better rate add up over time.

Paying someone abroad from your UBS Securities Australia LTD account

If you send money abroad via UBS Securities Australia LTD, the fee you see is rarely all of the cost. There is the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

The markup on the rate tends to be the largest item because it is hidden in the rate. A simple test: set the rate you get against the mid-market rate for the same moment and look at the difference.

For many currency pairs, a specialist provider turns out to be less expensive than a traditional bank transfer. Before your next transfer, take a minute to compare what arrives via GoldexPay rather than accepting the bank’s rate by default. You can still keep your account at UBS Securities Australia LTD to fund the transfer.

Changed bank details? Be careful

Scammers often use payment requests containing changed bank details, sometimes in an email that looks completely genuine. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Before paying, verify changed bank details by phone on a number you know, not one from the message. Watch out for urgent requests, unusual wording or a sender address that is slightly off. Acted too fast? Contact your bank without delay and have them try to recall the payment and report the fraud.

Scams also target the receiver. Someone sends more than agreed and asks you to return the difference to a new account. A screenshot of a transfer is no proof – check your own account.

Transfer times and tracking a payment to UBS Securities Australia LTD

An international transfer typically needs one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country add a day or more to the journey. Extra checks on larger or unusual payments may also add a delay, regardless of the details.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually provide tracking online so you can see how far the money is.

A missing payment has to be investigated by the sending bank, using the payment confirmation. On the receiving end, you can look at your account to see a partial amount, since fees may have been deducted.