If you are transferring or receiving international money from Bank of America Corp, entering Swift Code Bank of America Corp must be done sooner. If you do not have Bank of America Corp code, then your transaction will not work. Today we will introduce you to this code of Bank of America Corp.
In the previous post, Info Credit Free introduces people to the Swift Code Bankwest in Australia, to get more information people can read the article You need to remember the structure of Swift Code Bankwest. Now, let find knowledge about List of all Swift Code Bank of America Corp for people to transfer money in the post today.
SWIFT CODE BANK OF AMERICA CORP
Just like a lot of article posts such as bad credit personal loans guaranteed approval 5000, free credit report without a credit card, credit bureau contact information…, this post about Swift Code Bank of America Corp also includes some main parts.
In theory, the Swift code bank or Swift Code Bank of America Corp is unique, not identical with any bank in the world.
Swift codes are divided into sections, in the same way, the phone number is divided into sections and each section reveals some information about the organization assigned this code. They include eight or eleven characters.
Whenever an eight-character code is used, it refers to the organization’s headquarters (main office). This is how the 11-character code is subdivided and what each part of the character represents. Get this quick 11-character fantasy code:
It can be divided into the following sections:
Part 1 (the first “AAAA” 4-characters): This code is used to determine the organization’s global presence (all branches and all parts of the world). For example, “BOFA” is used for “Bank of America Corp”
Part 2 (5th and 6th characters of “BB”): This two-letter code represents the country of this particular branch and follows ISO 3166-1 alpha-2 to represent the code nation. For example, “US” for “The United State”.
Part 3 (7th and 8th characters “CC”): These characters represent a location code and also the second character sometimes carrying this information:
- If CC is equal to “0”, then it is usually BIC assigned for testing purposes (as opposed to BIC used directly on the network).
- If CC is equal to “1”, then it indicates a passive participant in the SWIFT network.
- If CC is equal to “2”, then it usually denotes a “reverse billing” BIC, meaning the recipient must pay for the message.
Part 4 (9th to 11th characters “DDDD“): The last three characters form a branch Code, referring to the organization’s specific branch. If this part is omitted, then we have a quick code of 8 characters that is assumed to refer to the organization’s MAIN OFFICE. In addition, a typical naming convention is that in case we are referring to the main offices of an organization, this branch code is “XXXX”.
|SWIFT code||Main code||Branch code||City|
|BOFAUS3NXXX||BOFAUS3N||XXX||NEW YORK, NY|
Swift codes are usually formed from 8 (or) 11 characters. You can understand that quick code refers to the main office when it is formatted in 8-digit code. The codes are arranged in the following way:
- Bank Code (A-Z) – 4 letter code. The first four letters indicate the shortened version of the bank’s name. The Bankwest for this is BOFA.
- Country Code (A-Z) – 2 letter code. The second letters say the name of the country in which the bank is located. The Country Code for the Bankwest is US – The United State
- Location Code (A-Z) (0-9) – A 2 digit code can be two letters or numbers. It says where the bank is located. The Location Code for the Bankwest is 3N/3M.
- Branch Code – This is an optional 3-digit code. It stated a specific branch instead of the bank’s headquarters. The Branch Code for the Bankwest is XXX.
NOTE: Everyone should copy the bank name of Bank of America Corp or Bank of America Corp code into the request frame instead of re-entering because of some possible errors. If the transaction is not successful due to the SWIFT Code, the money will be suspended. And you have to re-do the transaction in 3-5 days or slower but obviously, it will affect your work.
This post is about Swift Code Bank of America Corp. We provide this information to offer you with some of the necessary information that is useful for using the services within Bank of America Corp. Also if you are using Code JPMorgan Chase & Co products and would like to know the SWIFT Code of Code JPMorgan Chase & Co, please refer to the Code JPMorgan Chase & Co link we just provided in the previous article.
Besides, we offer a wealth of information on personal loans or insurance in the US in some previous articles. If you are living in the US and want to borrow money or insurance, people should read some articles like such as online personal loans for bad credit, best loan companies for bad credit, best insurance companies…
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