What is the SWIFT code for ASB Bank Limited?

Transferring money internationally general involves using the SWIFT system: a messaging network that banks use to send information quickly, securely and accurately. However, did you know that you can save on international transfers with Wise?

What’s the SWIFT code for ASB Bank Limited in New Zealand?

The BIC/Swift code for ASB Bank Limited is ASBBNZ2A.¹

If you’re making an international wire transfer to an ASB Bank Limited account, or if you’re receiving money from an international wire transfer into your ASB Bank Limited account, this is the information you’re going to need:

What’s a SWIFT Code?

A SWIFT code, which is sometimes also called a BIC (Bank Identifier Code) is a unique code used by banks to identify individual financial institutions all over the world. Since every institution has a unique SWIFT/BIC, it will direct information and international transfers to a specific bank, down to the branch if necessary. Sending or receiving money internationally requires having the correct SWIFT/BIC for the recipient’s bank.

A SWIFT code contains 8-11 characters, formatted like this: AAAABBCCDDD. AAAA: Bank code

BB: Country code

CC: Location code

DDD: Optional branch code

What’s the difference between a SWIFT code, a BIC, an IBAN and a routing number?

SWIFT codes are used to identify specific, individual banks all over the world. An IBAN, which stands for International Bank Account Number, is used to identify individual bank accounts, not the banks and financial institutions themselves, and is only used in the EU, Norway, Switzerland, Liechtenstein and Hungary. A routing number is similar to a SWIFT code in that it identifies a specific bank, but is only used in the US.

Do SWIFT codes change from branch to branch?

SWIFT codes can vary from branch to branch, so if you’re not sure, you can use this tool to look up the correct SWIFT code for your ASB Bank Limited branch. If you’re still not sure which code is correct, use the general code, which will work for all of ASB Bank Limited’s branches.

What other ways can I send or receive money to my ASB Bank Limited account?

Another way to send money overseas is Wise, which moves money across borders quickly, safely and without any hidden fees. When banks transfer money internationally, they tend to mark up the exchange rate used to convert the currency, on average by 4-6% above the mid-market rate, or the actual exchange rate you’d see if you Googled it. With Wise, you only have to pay a small transfer fee that you agree to upfront.

Wise also offers borderless multi-currency accounts, which allow you to send, receive and manage money in dozens of global currencies all at the same time. Wise makes it so much easier to manage your money whether you’re a frequent traveler, between countries or making an international move.

Sources:

¹https://www.asb.co.nz/help/tag.swift-code.html

²https://www.asb.co.nz/about-us