When making international money transfers, the SWIFT/BIC code serves as a crucial element to ensure funds reach their intended destination. For ANZ Bank New Zealand Limited, this identifier is ANZBNZ22058 .
Decoding the SWIFT/BIC Structure
The first six characters of the code— ANZBNZ —specifically identify ANZ Bank. The following two digits ( 22 ) represent New Zealand as the country code, while the final three characters ( 058 ) pinpoint the particular branch location.
Institutional Details
ANZ Bank New Zealand Limited, headquartered at 215-229 Lambton Quay, Wellington, 6000 , operates as one of the country's leading financial institutions. The bank plays a significant role in both domestic and international financial transactions.
The Critical Role of SWIFT Codes
These standardized codes serve dual purposes: identifying financial institutions globally and facilitating seamless cross-border payments. Using the correct SWIFT/BIC code significantly reduces processing delays and potential errors in international transfers.
Financial institutions like ANZ Bank regularly review and update their SWIFT codes to maintain accuracy and compliance with international banking standards. This practice ensures reliable service for customers conducting global transactions.