Receiving international wire transfers requires the correct banking information, and one of the most important details is the SWIFT code. If you are wondering how to locate the SWIFT code in Bank of America, the process is simple and can be completed directly from the mobile app. Understanding which code to use can also help prevent delays and failed transfers.
What Is a SWIFT Code?
A SWIFT code is an international bank identifier used when money is sent from one country to another. Unlike routing numbers, which are used for domestic transactions within the United States, SWIFT codes are designed specifically for international transfers.
Every bank has a unique code that tells the global banking network where the funds should be delivered. Knowing the correct SWIFT code in Bank of America ensures that overseas payments arrive at the right destination.
How to Find the SWIFT Code in Bank of America
Finding your SWIFT code in the Bank of America mobile app only takes a few moments.
Step 1: Open the Bank of America App
Launch the app on your phone and sign in to your account.
Step 2: Select Your Account
Tap the account you want to receive funds into. This opens the account details page.
Step 3: Expand Account Information
Near the top of the page, you will see your account name, balance, and account and routing numbers. Tap this section to expand it.
Step 4: Scroll Down to SWIFT Codes
Continue scrolling until you see the option labeled “SWIFT codes.” Tap it to view the available codes.
Bank of America provides two SWIFT codes:
- BOFAUS3N
- BOFAUS6S
Choosing the correct one depends on the currency being sent.
Understanding the Two SWIFT Codes
Bank of America uses different codes based on the currency involved in the transfer.
BOFAUS3N
Use this code when:
- Receiving U.S. dollars from another country.
- The sender is unsure which currency will be used.
- You want the safest default option.
In most situations, this is the SWIFT code in Bank of America that customers will use.
BOFAUS6S
Use this code when the sender is transferring money in a foreign currency, such as:
- Euros
- British pounds
- Canadian dollars
- Other non-U.S. currencies
Before giving out your banking information, ask the sender one simple question:
“Will the money be sent in U.S. dollars or in another currency?”
Their answer will determine which code to provide.
SWIFT Code vs. Routing Number
Many people confuse SWIFT codes with routing numbers, but they serve different purposes.
| Routing Number | SWIFT Code |
|---|---|
| Used for domestic transfers within the United States | Used for international transfers |
| Identifies banks inside the U.S. banking system | Identifies banks worldwide |
| Required for ACH and domestic wire transfers | Required for overseas wire transfers |
A simple way to remember the difference is:
- Money inside the U.S. = Routing number
- Money from another country = SWIFT code
When Do You Need the SWIFT Code in Bank of America?
Most customers rarely need their SWIFT code. It becomes necessary only when someone outside the United States is sending money.
Common situations include:
- Receiving money from family overseas.
- Getting paid by a foreign employer.
- Accepting payments from international clients.
- Receiving funds from friends abroad.
- International wire transfers from another bank.
For payments originating within the United States, you only need your routing number and account number.
Is Your SWIFT Code Private?
No. The SWIFT code in Bank of America is public information and simply identifies the bank itself. Sharing it does not put your account at risk.
However, your account number and personal details should be shared carefully. Avoid sending sensitive information through unsecured text messages or random emails.
How Long Do International Transfers Take?
International wire transfers are not always immediate. Depending on the country and the banks involved, funds may take:
- 1 to 5 business days to arrive.
Several factors affect processing time, including:
- The sender’s bank.
- Intermediary banks handling the transfer.
- Currency conversion requirements.
- Weekends and holidays.
It is also normal for fees to be deducted by the sender’s bank or intermediary banks, which means the amount received may be slightly less than expected.
Tips to Avoid Delayed Transfers
To ensure a smooth international payment:
- Confirm the currency before providing your SWIFT code.
- Double-check your account number.
- Share account information securely.
- Allow several business days for processing.
- Be aware that intermediary bank fees may apply.
Why Bank of America Has Two SWIFT Codes
The reason Bank of America offers two codes is to accommodate different currencies. Using the appropriate SWIFT code helps route the funds correctly and reduces the risk of delays or rejected payments.
When in doubt, BOFAUS3N is generally the default choice for transfers sent in U.S. dollars or when the sender is uncertain about the currency.
Conclusion
Learning how to find the SWIFT code in Bank of America is straightforward using the mobile app. Simply open your account details, expand the account and routing information section, and scroll down to the SWIFT code area.
Remember that Bank of America provides two codes. BOFAUS3N is typically used for U.S. dollar transfers, while BOFAUS6S is intended for foreign currency transfers. Using the correct SWIFT code in Bank of America can help ensure international payments arrive quickly and without unnecessary complications.
