Bank of America’s SWIFT code makes it easy for people to send you money to your BOA(Bank Of America) account all around the world, without any restrictions or lost funds.
Bank of America currently being the second-largest banking institution in the U.S. Has been serving more than 10% of all American bank deposits, providing loans, Morgage, retirements, etc to its account holders all around the United States.
In this article, we shall be discussing the bank of America SWIFT CODE for international transfers and its benefits.
Before we dive into our discussion let’s learn what is SWIFT CODE?
What Is a SWIFT code?
A SWIFT code is a code used to identify the country, bank, and branch that an account is registered to, making sure your money gets to the right place. A SWIFT code is sometimes called a BIC (Bank Identifier Code).
Furthermore, The BOA SWIFT code (or a SWIFT number) is used for the identification of banks and financial institutions globally when making international money transfers
Who Developed the SWIFT code or routing number?
SWIFT codes were developed by the Society for Worldwide Interbank Financial Telecommunication, which is a global member-owned cooperative that serves as the worldwide leader in secure financial messaging services such as the SWIFT network. The American Bankers Association developed the ABA routing number. The ABA represents banks of all sizes and types, particularly those with $250 million or less in assets.
What is the SWIFT code for Bank of America?
The SWIFT code for Bank of America is BOFAUS3N
| SWIFT-Code Bank of America: | Bank of America headquarters: | Departments: | Country: |
|---|---|---|---|
| BOFAUS3N | Bank of America Corporate Center 100 North Tryon Street Charlotte, NC 28255 | 4491 departments across the United States | The United States |
You use this format when you are receiving money internationally from family or for business.
How to Know the right Bank of America SWIFT/BIC code?
The SWIFT code is unique for each BOA 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. This way the payment will still achieve your account and you will not have to spend time finding the SWIFT code of your branch.
What does the Bank Of America SWIFT code consist of?
A SWIFT code is usually an 8- or 11-digit number with the following format AAAABBCCDDD. These stand for:
- AAAA – four-character bank code (letters)
- BB – two-character country code (letters)
- CC – two-character location (institution’s headquarters) code (numbers or letters)
- DDD – (optional) three-character branch code
How Do I Find my Bank of America Bank’s (BIC) SWIFT Code?
There are several ways you can find your bank of America SWIDT CODE (BIC).
- Check your bank statements for your swift code
- Check the Bank of America websites
- Log in to your online banking
- Banks Leflector papers.
- 3rd part websites like legitspend or google search
How Do I Carry Out a Bank of America Wire Transfer Online?
bank of America allows you to make wire money transfers online without stress, safe and secure.
- Login into your Bank of America Online account
- Navigate to Transfer & Pay
- After that, enroll for wire transfers to initiate a wire transfer.
- Add the recipient in the field provided
- Choose a funding account and amount (include any additional information required for certain countries).
- Review the details and send your payment.
Note If you are making an international wire transfer, you will need the SWIFT/BIC for your recipient’s bank, this helps to identify the bank receiving the transfers.
Read also: Chime Withdrawal and Deposit Limits 2022?
Requirements for Bank of America International Wire Transfer
- The name and address of the recipient
- The name of the recipient’s bank
- SWIFT code for the recipient’s bank
- Recipient’s bank account number
- International Bank Account Number and international routing code, in some cases
- Purpose of the payment you’re transferring
Do I need a SWIFT code for international transfers?
Usually, you will need a SWIFT code when you’re sending an international payment. Ask your recipient to give you their SWIFT code when they provide their bank account details.
If you are receiving money internationally you need to provide your BOA information and bank of America swift code to the sender.
- Your bank of America account number
- The name on the account is exactly as it appears on your bank statement
- Name of your bank
- Address of your bank
- Your Bank of America SWIFT code
How long do Bank Of America wire transfers take?
Domestic wire transfers are often processed within 24 hours while international wire transfers can take between 1-5 business days. Wire transfer times may also vary depending on designated cut-off times, federal regulations, as well as weekends and bank holidays.
Bank of America SWIFT Code vs. Routing Number
The routing number for Bank of America is 026009593 for domestic and international wire transfers. If you’re sending an international wire transfer, you’ll also need the SWIFT code for Bank of America.
Please bear in mind that Bank Of America uses different SWIFT codes for the different types of banking services or branches. Kindly check your banking statement or use the BOA head office SWIFT CODE BOFAUS3N for your transaction.
Is The SWIFT/BIC code the same for all branches?
The answer to this question is NO. Many banks use the same SWIFT code for all of their branches. However, some banks may use different SWIFT codes for different branches, or depending on the type of transaction you’re making, be sure to contact Bank of America customer service for assistance.
Can I make a Bank of America wire transfer over the phone?
Oh yes, You Or you can call the bank of America branch to make arrangements at 877.337.8357, although this is sometimes more expensive than making a payment through online banking.
What Is The Difference Between SWIFT versus IBAN?
This is dependent on where you’re sending money to, you may be asked for an IBAN number as well as a SWIFT code. IBAN number is an international bank account number – used for identifying a specific bank account within an institution. This is like giving directions to someone – The SWIFT code will get them as far as the right building, but they’ll also need the IBAN to find the specific apartment.
Please note, that IBANs are not used by all countries. You’ll need an IBAN for payments to countries within Europe, but not for a transfer to the US, please always check the requirements for the country you’re sending to before you start making your payment.
References
- bankcodes
- swiftcodes
- bankofamerica
Does this article meet your immediate needs? If yes, please kindly share it with your friends. Also, do well to share your opinion in the comment section below.
We Also Recommend
- Chase Bank Swift Code For International Wire Transfers
- How to activate NetSpend card 2022 Complete Guide
- Chime Withdrawal and Deposit Limits 2022?
- Wells Fargo ATM Withdrawal And Purchase Limits 2022
- Wells Fargo Bank SWIFT code in the United States
- How To Activate Your Chase Debit/Credit Card Online
- Fidelity Bank Transfer Code
- What Are The Space Bus And Rocket Engines?
