Discover the Swift BIC Code for Bank of America- Your Ultimate Guide to Secure Transactions

What is the Swift BIC code for Bank of America?

The Swift BIC (Bank Identifier Code) is a unique code used to identify banks and financial institutions globally. It is essential for international money transfers and ensures that funds are sent to the correct destination. For Bank of America, one of the largest financial institutions in the United States, the Swift BIC code is BACUSAUS3.

Bank of America Corporation, often simply referred to as Bank of America, was founded in 1904 and is headquartered in Charlotte, North Carolina. The bank operates in the United States and internationally, providing a wide range of financial services, including retail banking, corporate banking, wealth management, and investment banking.

The Swift BIC code for Bank of America, BACUSAUS3, is composed of eight characters, structured as follows:

1. Bank Code (4 characters): This identifies the specific bank. For Bank of America, the bank code is BACU.
2. Country Code (2 characters): This indicates the country where the bank is located. For Bank of America, the country code is US.
3. Location Code (2 characters): This specifies the location within the country where the bank is situated. For Bank of America, the location code is US.
4. Branch Code (3 characters): This is an optional code that identifies a specific branch of the bank. For Bank of America, the branch code is 3.

When making international transfers to Bank of America, it is crucial to use the correct Swift BIC code to avoid delays and ensure that the funds are received by the intended recipient. Always double-check the BIC code with the bank or financial institution to ensure accuracy.

In addition to the Swift BIC code, it is also essential to provide the recipient’s account number, name, and address to facilitate the transfer. Bank of America offers various services to assist with international money transfers, including wire transfers and online banking.

In conclusion, the Swift BIC code for Bank of America is BACUSAUS3, which is a vital piece of information for anyone sending or receiving international funds through the bank. Always verify the code and other transfer details to ensure a smooth and secure transaction.