Q:

What is the SWIFT code for Bank of America?

A:

The Bank of America SWIFT code for U.S. dollar wire transfers is BOFAUS3N, while the code for wire transfers sent to Bank of America in foreign currency is BOFAUS6S, according to the bank's official website. Not all banks require SWIFT codes to complete a wire transfer.

Wikipedia defines SWIFT codes as standard Business Identifier Codes that serve as identifier codes for both nonfinancial and financial institutions. They are commonly used when transferring funds between banks, especially during international transactions, but they are also used to send other types of messages between institutions. The structure includes a four-letter bank code, two-letter country code, two-character location code and optional three-character branch code for messages sent to a primary office.

SWIFT is the acronym for the Society for Worldwide Interbank Financial Communication, a member-owned cooperative headquartered in Belgium that serves more than 10,500 institutions spanning more than 200 countries. The company prides itself in enabling its customers to perform standardized, automated financial transactions with complete security. According to the SWIFT website, the company does not manage customer accounts, store financial information or hold funds. The Bank of America website states that SWIFT codes are often used by investment managers, broker-dealers and financial institutions.


Is this answer helpful?

Similar Questions

  • Q:

    What time does Bank of America close on Saturdays?

    A:

    Bank of America locations that operate on Saturday typically close between 1:00 p.m. and 2:00 p.m. Bank of America is a widely accessible bank throughout the United States, and each location may or may not choose to operate on Saturdays. There is no requirement from Bank of America that every branch must be open on this day.

    Full Answer >
    Filed Under:
  • Q:

    What is the address for Bank of America?

    A:

    The main mailing address for Bank of America's corporate center as of May 2014 is: Bank of America Corporate Center, 100 North Tryon St., Charlotte, NC, 28255. The company has many divisions and locations, but this address is for general issues.

    Full Answer >
    Filed Under:
  • Q:

    What is Chase Bank's swift code?

    A:

    Chase Bank has multiple SWIFT codes. The specific one desired depends on which department or branch of Chase Bank is the desired end location. The first SWIFT code listed for Chase Bank is CHASUS33ARP. Chase Bank is formally known as JP Morgan Chase Bank.

    Full Answer >
    Filed Under:
  • Q:

    What is the SWIFT code for TD Canada Trust bank?

    A:

    The SWIFT code for TD Canada Trust Bank is TDOMCATTTOR. If asked by the originator of the wire transfer for the full name and location of the bank, it is: Toronto-Dominion Bank, Toronto, Ontario, Canada.

    Full Answer >
    Filed Under:

Explore