How to easily remember Swift Code Suncorp Bank?

If you are transferring or receiving international money from Suncorp Bank, entering Swift Code Suncorp Bank must be done sooner. If you do not have Suncorp Bank code, then your transaction will not work. Today we will introduce you to this code of Suncorp Bank.

In the previous post, Info Credit Free introduces people to the Swift Code Bendigo Bank, to get more information people can read the article Swift Code Bendigo Bank is required for international transfers. Now, let find knowledge about How to easily remember Swift Code Suncorp Bank? in the post today.

SWIFT CODE SUNCORP BANK

Just like a lot of article posts such as student loans Australia,  payday loans no bank statements required in Australia, bad credit payday loans online Australia…, this post about Swift Code Suncorp Bank also includes some main parts.

In theory, the Swift code bank or Swift Code Suncorp Bank 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:

AAAABBCCDDD

It can be divided into the following sections:

AAAA – BB – CC – DDD

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, “METW” is used for “Suncorp Bank”

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, “AU” for “Australia”.

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 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 Suncorp Bank Code for this is METW.
• 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 Suncorp Bank Code is AU. The country corresponding to this country code is Australia.
• 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 Suncorp Bank is 4B.
• 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 Suncorp Bank is XXX.