Bank of America, Mexico S.A. SWIFT/BIC code

Bank of America, Mexico S.A. SWIFT code: BOFAMXMX

The 8-character code BOFAMXMX and the full code BOFAMXMXXXX identify the same bank: Bank of America, Mexico S.A.. The code does one job: it makes sure that an international payment reaches the right bank. In practice you usually come across the code on international invoices, in your banking app and in the bank details of Bank of America, Mexico S.A. customers.

On this page you will find how the code is put together, when it matters and which other details a transfer to or from Bank of America, Mexico S.A. requires. The BIC identifies an institution, never a specific account.

Receiving money from abroad at Bank of America, Mexico S.A.

Someone abroad who wants to pay you needs several details from you, and missing ones are a common cause of delays. Share your name as the bank knows it, your account number or IBAN, the BIC BOFAMXMXXXX and your address, which some banks require.

Their bank might request the address of your bank; the head office in Mexico is usually fine. A typo in your account number can be more trouble than you might think.

What lands in your account can be lower than what was sent. Correspondent banks can take a fee, and if the currency changes, a markup on the rate comes on top. For business payments, it is common to state how the fees are split, so that nobody is left short.

Is BOFAMXMX still correct? How to check

The most reliable place for the correct BIC remains paperwork issued by the bank, such as a statement or the account details in online banking. If the code you have does not match BOFAMXMX or BOFAMXMXXXX, stop and ask: check with the recipient or with Bank of America, Mexico S.A. directly.

With a wrong code, the payment may get stuck, bounce back or cost extra – sometimes after weeks of searching. A mistake in the IBAN or account number is more serious because it can reach the wrong person, so check that just as carefully.

Many banking apps check the structure of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a payee name check on the recipient adds extra certainty. When you pay someone new, many people send a small amount first before sending the rest.

Bank of America, Mexico S.A.: head office code versus branch codes

With 2 codes, Bank of America, Mexico S.A. is one of the banks that register separate codes for branches. The head office code remains BOFAMXMXXXX.

Usually you do not need to look up a branch: transfers addressed to BOFAMXMXXXX are routed within Bank of America, Mexico S.A. correctly. A branch code only makes sense when the recipient’s bank specifically mentions it, which is more common for business accounts and trade services.

Not sure which code to use? Ask the recipient, or look at a recent statement from Bank of America, Mexico S.A.. Codes for branches are more likely to be retired than BOFAMXMXXXX.

Paying into Bank of America, Mexico S.A. in MXN

The national currency in Mexico is the Mexican Peso (MXN). When you pay money in a different currency has to be converted at some point. There is rarely a separate charge for the conversion – the cost sits in the rate.

Where the conversion happens has an effect on the final amount, since every bank sets its own rate. Often you pay less to send MXN straight away through a provider that converts near the mid-market rate rather than letting the receiving bank convert.

Exchange rates move during the day – some services let you fix a rate in advance. If you pay regularly, a slightly better rate make a real difference over time.

Sending money abroad from Bank of America, Mexico S.A.

An international bank payment can cost more than the fee suggests. There is the transfer fee, sometimes fees charged by intermediary banks along the way and, above all, the margin on the exchange rate if the currency changes.

That exchange rate margin is often the biggest item, and it is easy to miss. Check their rate against the mid-market rate; the gap is what conversion costs you.

Specialised transfer providers often use a rate near the mid-market rate and lower fees. On GoldexPay you can compare what recipients receive across providers. Choosing a specialist does not mean closing your account at Bank of America, Mexico S.A..

8 or 11 characters: BOFAMXMX versus BOFAMXMXXXX

A BIC is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and the two after that indicate the location. For Bank of America, Mexico S.A., that core is BOFAMXMX.

The 11-character version adds a three-character extension that identify a branch or department. When those three characters are XXX, they simply mean the head office.

Leave out spaces, dots when you type BOFAMXMX; the code is always written in one block. Watch for O versus 0 or I versus 1, a common source of typos.

A note on our data

This directory draws on publicly available sources and is updated regularly. It can happen that information on this page is out of date. Counts and locations come from our own dataset and are not confirmed by Bank of America, Mexico S.A..

Before a payment of any size, confirm the code with Bank of America, Mexico S.A. or with the recipient. GoldexPay is not affiliated with Bank of America, Mexico S.A.; we are a comparison site for money transfers. Should you notice something that is out of date, we welcome a message.

Transfer times and tracking a payment to Bank of America, Mexico S.A.

How quickly a payment reaches Bank of America, Mexico S.A. depends on a few things: which currency you send, the number of banks in between, cut-off times and time zones. Weekends and public holidays in either country add extra days, since banks do not process on those days. Extra checks by one of the banks may also add some delay.

If a transfer is delayed, contact your bank about the status and the transaction reference so they can trace it along the chain. Specialist transfer services usually show a status online so you can see where the payment has got.

The bank that sent the money can start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Protect yourself against fake payment requests

One of the most common tricks goes like this: you receive a request saying that a contact has a new bank account. The fact that BOFAMXMX exists is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Never rely on a phone number from the same email that contains the change. Watch out for time pressure, odd spelling or a sender address that is slightly off. Already paid? Contact your bank straight away and ask them to start a recall.

Fraud can also target the receiver. Someone sends too much and wants you to refund the difference via a different route. A payment confirmation from the sender is no proof; only your own account shows what has arrived.