Bank of America NA SWIFT/BIC code

BOFAGB4T – the SWIFT/BIC code of Bank of America NA

If an invoice shows BOFAGB4T or BOFAGB4TXXX, it is the same address for Bank of America NA in United Kingdom. Banks worldwide use BIC codes to direct payments between countries to the correct bank. It comes up mostly when dealing with payments that cross a border.

Further down you will find the practical questions: money coming in from abroad, sending money abroad and how to check the code before you hit send. Remember that the SWIFT code only identifies the bank, not the account: the IBAN or account number takes care of that.

What the XXX in BOFAGB4TXXX means

The layout of a BIC is always the same: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. The result is BOFAGB4T.

The 11-character version has a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office, which is why BOFAGB4TXXX and BOFAGB4T lead to the same place.

Leave out spaces or dashes when you type BOFAGB4T; the code is always written in one block. Copying the code beats retyping it.

When will the money arrive at Bank of America NA?

A SWIFT payment usually needs anywhere from one to several 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. Occasionally a bank wants to know about the purpose of a payment.

If the money seems late, ask your bank about the status or the UETR; with that reference banks can see where the payment is. Money transfer services usually show a status online showing how far the payment is.

If a payment has not arrived within the expected time, the sender should contact their own bank. As a recipient, you can check your account to see a partial amount because fees can reduce the amount.

Getting paid from abroad into a Bank of America NA account

If you are waiting for money from abroad, send the payer everything they need in one go. The basics are: your name, account number or IBAN, BOFAGB4TXXX or BOFAGB4T and, for some countries, your home address.

You can include the bank name and London as well, since some forms ask for it. Double-check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

An incoming payment does not always arrive in full. Charges on incoming payments differ per bank. For business payments, it is common to agree who bears the costs, so that nobody is left short.

Paying someone abroad from your Bank of America NA account

If you transfer money to another country through Bank of America NA, the fee you see is only part of the cost. On top of a fixed fee, banks in between may take a cut, and if the money changes currency the bank often uses a rate that is less favourable than the actual market rate.

That exchange rate margin is often the largest cost because it is hidden in the rate. An easy check: set the rate you get against the mid-market rate and look at the difference.

For a lot of currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares these services next to each other so you can see what actually arrives for the same amount sent. Choosing a specialist does not mean closing your account at Bank of America NA.

Bank of America NA: head office code versus branch codes

Bank of America NA uses 7 different SWIFT/BIC codes. Only one is the head office code; the others belong to branches, and sometimes specific services.

In most cases you do not need to look up a branch: transfers addressed to BOFAGB4TXXX reach Bank of America NA without problems. If you have been given a specific code, stick to it instead of replacing it for the head office code.

When in doubt, ask the person you are paying which code their bank gave them. Codes for branches are more prone to be retired than the head office code.

Do you need BOFAGB4T for a SEPA transfer?

Within the SEPA zone, euro transfers to Bank of America NA follow common rules, so the IBAN does the job in most cases. A field for the BIC is often optional for those payments.

A SWIFT code like BOFAGB4T does come into play for payments in other currencies, and for transfers from outside SEPA. Some forms also ask for the BIC; in that case, enter BOFAGB4T.

Instant payments in euros have become widely supported within SEPA; check with Bank of America NA whether it applies to your account. As long as the payment stays in euros, the transfer is inexpensive; costs rise once a conversion is involved.

Where our SWIFT data comes from

This directory draws on public sources. It is possible that a code on this page is out of date, for example after a merger. The figures on this page are based on what is in our directory and not on information from Bank of America NA itself.

See the information here as a handy check and rely on the recipient or Bank of America NA for the final confirmation. GoldexPay is a comparison service for money transfers and not affiliated with Bank of America NA. If you notice a mistake, we welcome a message.

Scams that use SWIFT codes

Stay alert if a contact suddenly wants you to send money to another account. A real SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Verify changed payment details via a different channel, never via the email that asked for the change. Pressure and requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Already paid? Contact the bank you paid from without delay and have them start a recall; also report it to the police.

Fraud also target the receiver: someone claims to have sent too much and asks you to return the difference. A payment confirmation from the sender is no proof – check your own account.

How to check BOFAGB4T before you pay

The most reliable source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check that code against BOFAGB4T on this page; if they differ, ask before you pay.

Mistakes in the SWIFT code are annoying rather than disastrous – usually the money comes back, minus fees and time lost. An error in the IBAN or account number is a bigger problem because it can reach the wrong person.

A format check by your bank only tells you that the IBAN exists – not that it belongs to the person you mean to pay. Where available, a payee name check before sending adds extra certainty. A small test payment can be worth it for a large first payment despite the extra fee.

Sending GBP to Bank of America NA

United Kingdom pays in the British Pound (GBP). When you pay money in a different currency gets converted somewhere along the way. Every conversion costs the amount, even when no fee is shown.

Which bank converts the payment makes a difference, because each party uses its own rate. Check how much GBP the recipient gets with several services; the difference between options can be larger than you expect.

Exchange rates move all the time. If you pay regularly, small differences in the rate make a real difference over time.