SWIFT/BIC codes in Papua New Guinea

Papua New Guinea: banks and their SWIFT/BIC codes

For Papua New Guinea we have 7 SWIFT/BIC codes from 7 financial institutions. A BIC tells every bank in the chain exactly which bank should receive the money.

Search for the bank you need in the list and click through to see all codes we have and the details a transfer needs. The rest of this page covers the structure of the codes, the cost of transfers and the checks worth doing before a payment.

How SWIFT codes from Papua New Guinea are built

Each SWIFT/BIC code has eight or eleven characters. First comes four letters for the bank, followed by two letters for the country and a two-character location code.

Whatever the bank, every code from Papua New Guinea have the same fifth and sixth letters: the ISO code of the country. Codes with a different country code belong to a bank abroad, even if the bank name looks familiar.

An 11-character code adds three characters for a branch, where XXX means the head office. Use a branch code only when the recipient explicitly gives you one – otherwise stick with the head office.

Verifying a SWIFT code from Papua New Guinea

The most reliable source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. If the code you have differs from our list, stop and ask – contact the recipient or their bank.

We collect SWIFT/BIC codes using public sources and check them from time to time. Still, banks merge or retire codes and our data may lag behind. Treat our data as a starting point, not as the final word; the recipient’s bank details are leading. GoldexPay is a comparison site, not a bank.

Watch out for invoices containing changed bank details – a common fraud method. A real SWIFT code tells you nothing about who owns the account: criminals use real codes too.

Receiving money in Papua New Guinea from abroad

A sender in another country will ask for several details from you, and missing ones are a common cause of delays. Give them your name as registered with the bank, the IBAN or account number, the BIC of your bank and your address.

Look up your bank in the list on this page and compare the code with your own bank details – your bank statement is the final word. Certain banks also ask for the name and address of your bank.

The amount you receive is often lower than the amount sent. Charges on incoming payments vary per bank. On invoices, agree how the fees are split.

The cheapest way to send money to Papua New Guinea

What you pay for a payment to Papua New Guinea has several parts, and the fee on your screen is only one of them. You pay a transfer fee, sometimes fees from correspondent banks and, most importantly, the exchange rate markup.

Most of the cost usually sits in the exchange rate, rather than in the fee – the bank builds a margin into its rate. An easy check: put the rate you get next to the mid-market rate and look at the difference.

For many routes, a specialist provider turns out to be cheaper than a bank, mainly because of the rate. Before you send money to Papua New Guinea, take a minute to compare the total cost on GoldexPay rather than accepting the first rate you see.

SWIFT transfers to Papua New Guinea

Papua New Guinea is outside the SEPA area, the European zone for uniform euro payments. Payments from abroad usually travel through the SWIFT network, and the BIC of the receiving bank is required.

Not every country uses the IBAN; in that case the local account number is used instead. Ask the recipient which details their bank needs for incoming international payments; banks often publish instructions for this. On the way to Papua New Guinea, a transfer can pass through correspondent banks that take a fee.

Which bank in Papua New Guinea has the most codes?

Australia and New Zealand Banking Group (Png) LTD. leads our list of Papua New Guinea banks when it comes to SWIFT/BIC codes. Its main office has ANZBPGPXXXX.

How many codes a bank has tells you something about how it organises its payments than about how big it is. Paying someone at Australia and New Zealand Banking Group (Png) LTD.? Use ANZBPGPXXXX except when the recipient gives you a branch code.

Tracking a payment to Papua New Guinea

How quickly money reaches Papua New Guinea is determined by several factors: the currency, the number of banks in between, cut-off times and differences in time zone. Payments made after the cut-off time or just before weekends and holidays usually go out a business day later.

When a payment takes longer than expected, ask the sender to contact the sending bank for a trace; only the sending side can start an official trace. Money transfer services often show a status online, which makes it easier to see where the money is.