Otherwise, attempting to send money in a currency that your account does not support may result in the entire transaction being denied. If not, select the appropriate currency and then enter the amount. However, this is not always the case, and you must double-check whether it's the preferred currency. Once you enter the recipient's details, the amount might be automatically converted to the account's currency. When entering the amount you wish to transfer, pay attention to the transfer's currency.In addition to the recipient's name and bank account number, you will need to enter the SWIFT code (or BIC) of the recipient's bank. An international transfer is done similarly to a domestic wire transfer, with a few differences.This way the payment will still achieve your account and you will not have to spend time finding the SWIFT code of your branch. In order not to make a mistake with SWIFT codes when making international wire transfers you may simply use the 8 digit head office SWIFT code – BOFAUS3N. The SWIFT code is unique for each Bank of America branch. How to use the right Bank of America SWIFT/BIC code? DDD – (optional) three-character branch code.CC – two-character location (institution's headquarters) code (numbers or letters).BB – two-character country code (letters).AAAA – four-character bank code (letters). Some banks might use BIC code, some SWIFT number, and some both – BIC/SWIFT.Ī SWIFT code is usually an 8- or 11-digit number with the following format AAAABBCCDDD. They are the same thing and are both used for transferring money between banks. Don’t be confused if you come across it as Bank of America BIC (Bank Identifier Code). The SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. This code will identify such information as the country, bank, and branch of the recipient’s account. A SWIFT code (or a SWIFT number) is used for the identification of banks and financial institutions globally when making international money transfers. You’ve probably heard of SWIFT code before but maybe aren’t quite sure of its meaning and use. What is the SWIFT code for Bank of America? SWIFT-Code Bank of America:Ĥ491 departments across the United States
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |