
When conducting international bank transfers, ensuring that funds reach the intended account securely and efficiently is paramount. A critical component of this process is understanding the correct SWIFT/BIC code of the recipient bank. This article provides a detailed overview of the SWIFT/BIC code for ASB BANK LIMITED, helping you navigate cross-border transactions with confidence.
ASB BANK LIMITED SWIFT/BIC Code: Key Details
The SWIFT code for ASB BANK LIMITED is ASBBNZ2A XXX . This code corresponds to the bank’s headquarters in Auckland, New Zealand, located at:
- Address: ASB North Wharf, 12 Jellicoe Street, Auckland, Auckland, 1010, New Zealand
Using the accurate SWIFT code is essential to guarantee that your funds are routed correctly during international transfers.
Understanding SWIFT Codes
SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes serve as standardized identifiers for financial institutions engaged in cross-border transactions. Each bank has a unique SWIFT code, enabling precise and secure fund transfers globally. The code ASBBNZ2A XXX not only ensures accuracy but also enhances transaction security.
A typical SWIFT code consists of 8 to 11 characters:
- First 4 characters (ASBB): Bank code (identifies ASB BANK LIMITED)
- Next 2 characters (NZ): Country code (New Zealand)
- Next 2 characters (2A): Location code (identifies the city, in this case, Auckland)
- Last 3 characters (XXX): Optional branch code (if omitted, the transaction routes to the bank’s primary office)
Why Accuracy Matters
Incorrect SWIFT codes can lead to delayed transfers, misdirected funds, or even financial losses. To minimize risks, always verify the recipient’s banking details, including the SWIFT/BIC code, before initiating an international transaction.
For transfers involving ASB BANK LIMITED, using the correct code ASBBNZ2A XXX ensures seamless processing and reduces the likelihood of errors.
Final Considerations
As international transactions become increasingly common, familiarity with banking details such as SWIFT codes is indispensable. By adhering to best practices—such as double-checking SWIFT codes and recipient information—you can safeguard your funds and optimize the efficiency of cross-border payments.