Bank of America, N.a. Jakarta Branch SWIFT/BIC code

SWIFT/BIC code of Bank of America, N.a. Jakarta Branch

The short code BOFAID2X and the full code BOFAID2XXXX identify one and the same institution: Bank of America, N.a. Jakarta Branch in Jakarta, Indonesia. Banks worldwide use BIC codes to direct payments between countries to the right bank. You will need it mainly when dealing with transfers between countries and payments in foreign currencies.

On this page you will find how the code means, when it matters and which other details you need for a transfer to or from Bank of America, N.a. Jakarta Branch. Keep in mind that the BIC just identifies the bank, not the person: the account number or IBAN does that part.

Getting paid from abroad into a Bank of America, N.a. Jakarta Branch account

Someone abroad who wants to pay you will ask for several details about your account – incomplete details often cause delays. What they need is: your name, account number or IBAN, BOFAID2XXXX and often your home address.

Certain banks want the address of Bank of America, N.a. Jakarta Branch, so keep it at hand. A typo in your account number can be harder to fix than you might think.

Expect that the incoming amount is smaller than what the sender paid. Charges on incoming payments vary per bank; check the price list of Bank of America, N.a. Jakarta Branch. Make clear with the sender who covers the fees before the money is sent.

How up to date is this code?

This directory draws on publicly available sources. Banks merge, close branches and retire codes, and a directory never catches every change immediately. The figures on this page are based on what is in our directory, not official figures from Bank of America, N.a. Jakarta Branch.

Before any payment that matters, confirm the BIC with the recipient’s bank or the recipient. GoldexPay is independent of Bank of America, N.a. Jakarta Branch. Spotted outdated information? Tell us through the contact page.

Sending money abroad from Bank of America, N.a. Jakarta Branch

When you send money to another country from Bank of America, N.a. Jakarta Branch, the fee you see is rarely all of what you pay. Besides a fixed fee, correspondent or intermediary banks can take a cut, and if currencies are converted the bank often applies a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. A simple test: put the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services often use rates closer to the mid-market rate and lower fees. Next time you send money, take a minute to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not require leaving Bank of America, N.a. Jakarta Branch.

Transfer times and tracking a payment to Bank of America, N.a. Jakarta Branch

A SWIFT payment usually takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Transfers sent after the cut-off time or just before a weekend or public holiday usually start a business day later. Occasionally a bank asks what the payment is for.

When a payment takes longer than expected, ask your bank about the status; with that reference banks can see where the payment is. Specialist transfer services usually provide tracking in their app showing how far the money is.

The bank that sent the money can request a trace – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for the payment receipt including the reference; that often settles the question quickly.

What the XXX in BOFAID2XXXX means

A BIC is built from fixed blocks: the first four letters stand for the bank, the next two show the country and the two after that indicate the location. In this case, that core is BOFAID2X.

XXX at the end of BOFAID2XXXX does not stand for a missing value or an error: it indicates the main office of Bank of America, N.a. Jakarta Branch. Certain payment forms insist on 11 characters, and then you simply enter XXX behind BOFAID2X.

In practice the code is written in capitals, without spaces or dashes. A wrong letter can send a payment to a different institution, so check it twice.

How to check BOFAID2X before you pay

Ask the recipient to copy the bank details directly from their banking app. Check that code with BOFAID2X on this page and ask if anything does not match.

An incorrect BIC may lead to a delay, a payment being sent back or extra fees along the way. Do not forget the account number: a mistake there can be harder to undo than a wrong BIC.

Many banking apps validate the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. Some banks now compare the payee name against the account before you confirm. Sending a small amount first is worth it for large sums, even if it costs an extra fee.

Watch out for payment fraud

Fraudsters often use fake invoices containing changed bank details, sometimes in an email that looks completely genuine. That BOFAID2X is a real code does not mean that the account is legitimate – fraudsters use real bank codes as well.

Always verify a change of bank details through a phone call. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. When money was sent to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients are targeted too: one known trick is an overpayment followed by a request to refund the difference to another account. Wait until the money is actually in your account – ask Bank of America, N.a. Jakarta Branch if something looks wrong.

Choosing between the 2 SWIFT codes of Bank of America, N.a. Jakarta Branch

With 2 codes in 1 cities, Bank of America, N.a. Jakarta Branch is one of the banks that register individual codes for branches. The main code is BOFAID2XXXX.

Usually you do not need to look up a branch: payments sent to BOFAID2XXXX reach Bank of America, N.a. Jakarta Branch correctly. When you receive a branch code, stick to it rather than replacing it with the head office code.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes are more prone to be retired than BOFAID2XXXX when a bank merges or closes offices.