Bank of America Merrill Lynch International Limited, Netherlands Branch SWIFT/BIC code

What BOFANLNX means for a payment to Bank of America Merrill Lynch International Limited, Netherlands Branch

Whether a recipient gives you BOFANLNX or BOFANLNXXXX, you are looking at the same address for Bank of America Merrill Lynch International Limited, Netherlands Branch in Netherlands. A SWIFT code tells the sending bank exactly which bank should receive the money, a bit like a postal address for banks. You will need it mainly for payments that cross a border or a currency.

We wrote this page to help people who sends money to an account at Bank of America Merrill Lynch International Limited, Netherlands Branch. A SWIFT code identifies a bank or branch, not a single account, which is why you always need the account number too.

Euro (EUR) and conversion costs

Netherlands uses the Euro, with the currency code EUR. When you pay money in a different currency it has to be converted at some point. You rarely see a separate charge for that conversion.

Who converts the payment makes a difference: every bank has its own margin. In many cases you pay less if you send EUR straight away through a transfer service that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The EUR rate changes throughout the day, so the amount you see is usually only valid for a short time. On larger amounts, a seemingly small difference in the rate adds up quickly.

Paying Bank of America Merrill Lynch International Limited, Netherlands Branch in euros within SEPA

Because Netherlands is part of SEPA, a euro transfer into Bank of America Merrill Lynch International Limited, Netherlands Branch from another SEPA country normally only needs an IBAN. Most banking apps no longer ask for the BIC for these payments.

You will still need BOFANLNXXXX when sending payments in other currencies or money from outside the SEPA area. A few banks and apps still show a field for the BIC out of habit; in that case, fill in BOFANLNX.

SEPA transfers usually arrive by the next business day. As long as the payment stays in euros, the transfer tends to be inexpensive; it is the conversion that costs money.

How long does an international transfer to Bank of America Merrill Lynch International Limited, Netherlands Branch take?

How quickly a payment reaches Bank of America Merrill Lynch International Limited, Netherlands Branch depends on several factors: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Weekends and public holidays in either country can add extra days to the journey. Compliance checks by one of the banks may also cause some delay.

When a payment takes longer than expected, ask your bank about the status so they can trace it along the chain. Keep the payment confirmation until the recipient confirms – you will need it for any trace request.

Only the sending bank can start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, you can check your account to see a partial amount because fees can reduce the amount.

Scams that use SWIFT codes

Be wary when a contact suddenly asks you to send money to a different account or a bank in another country. A valid SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Always verify a change of bank details by phone on a number you know, not one from the message. Watch out for urgent requests, odd spelling or a sender address that is slightly off. When a payment was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Fraud also work the other way: someone claims to have sent too much and asks you to return the difference. A screenshot of a transfer proves nothing – check your own account.

Where our SWIFT data comes from

The codes here are taken from publicly available data. It can happen that information on this page is out of date. Figures such as the number of codes come from our directory and are not confirmed by Bank of America Merrill Lynch International Limited, Netherlands Branch.

Use this page as a starting point, rather than as the last word. GoldexPay is not affiliated with Bank of America Merrill Lynch International Limited, Netherlands Branch. Found outdated information? Tell us through the contact page and we will look into it.

Bank of America Merrill Lynch International Limited, Netherlands Branch: head office code versus branch codes

Having 2 codes in 1 cities, Bank of America Merrill Lynch International Limited, Netherlands Branch belongs to the banks that register individual codes for branches. The head office code remains BOFANLNXXXX.

In most cases you do not need to pick a branch: payments addressed to BOFANLNXXXX reach Bank of America Merrill Lynch International Limited, Netherlands Branch correctly. Just use a branch code when your contact gives you that exact code, for example on a letter or invoice.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes are more likely to be retired than BOFANLNXXXX.

Receiving money from abroad at Bank of America Merrill Lynch International Limited, Netherlands Branch

A sender in another country will ask for a few details from you. In practice that means: your full name as registered with Bank of America Merrill Lynch International Limited, Netherlands Branch, your IBAN or account number, the SWIFT/BIC code BOFANLNXXXX (or BOFANLNX) and sometimes your address.

Some banks also ask for the address of Bank of America Merrill Lynch International Limited, Netherlands Branch. Check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

What lands in your account is often less than what was sent. Correspondent banks can take a fee, and if the currency changes, an exchange rate margin applies. Agree with the sender who covers the fees, especially for larger amounts.

What a transfer from Bank of America Merrill Lynch International Limited, Netherlands Branch abroad really costs

An international bank payment costs rather more than the fee suggests. On top of a fixed fee, banks in between may take a cut, and when currencies are converted the bank often applies a rate below the real market rate.

That exchange rate margin is often the largest item, and it is easy to miss. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many routes, a transfer service is less expensive than a bank – mostly thanks to the rate. GoldexPay compares transfer providers side by side, showing the amount the recipient gets before you commit. Choosing a specialist does not mean closing your account at Bank of America Merrill Lynch International Limited, Netherlands Branch.

What the XXX in BOFANLNXXXX means

A SWIFT code is built from a few fixed parts: the first four letters stand for the bank, characters five and six give the country and characters seven and eight mark the location. That gives you BOFANLNX, the short form of the code.

Many payment forms work with either length. If a form asks for eleven characters, use BOFANLNXXXX, otherwise BOFANLNX is fine.

Type the code as one block, in capitals and without separators. A wrong character can send a payment to a different institution.

Before you send: check the Bank of America Merrill Lynch International Limited, Netherlands Branch code

Ask the recipient to send you their account details directly from their online banking. When the code you were given differs from BOFANLNX or BOFANLNXXXX, stop and ask: check with the recipient or with Bank of America Merrill Lynch International Limited, Netherlands Branch directly.

If the code is wrong, the transfer may be delayed, be returned or cost extra – sometimes after weeks of searching. Remember the IBAN: an error there is harder to undo than a wrong BIC.

Most online banking apps check the structure of IBANs, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check on the recipient gives an extra layer of safety. When you pay someone new, some people start with a small amount first and wait for confirmation.