Navigating the intricacies of international banking transactions requires a keen understanding of various codes and identifiers. Among these, the SWIFT code stands as a crucial element, often referred to as a BIC Code or Bank Code.
In this article, we delve into the significance of these codes within the context of ANZ Bank, shedding light on their purpose and usage.
ANZ Bank Code
A BIC Code (Bank Identifying Code) or Bank Code can also be known as a SWIFT code. ANZ bank’s SWIFT code comes in two versions: ANZBNZ22 or ANZBAU3M. It’s worth noting that if the other party requires an 11-digit SWIFT code, the sender of the money should use ANZBNZ22XXX.
A bank code is a special code given by a country’s central bank, bank supervisory body, or a Bankers Association. This code is assigned to all licensed member banks and financial institutions within that country.