Here you will get Bank of America Swift code, Routing number, Bank Address and Bank of America (BIC) Swift Code BOFAUS3NLTS‘s Details information. Here you will get also all United States Of America (USA) bank’s Swift Code, Routing Number and Bank Address list. Now see the details information of Bank of America address, Swift Code, and Routing Number below.
Bank of America (BIC) Swift Code BOFAUS3NLTS’s Details information
Bank Name: Bank of America
Bank Code: BOFAUS3N
Branch code: LTS
Country: United States Of America (USA)
SWIFT code: BOFAUS3NLTS
ABA Routing Number:
Bank of America (BIC) Swift Code BOFAUS3NLTS’s Details Analysis:
You have come here to get Bank of America (BIC) SWIFT Code BOFAUS3NLTS. I think you should know the details information about Bank of America (BIC) Swift Code BOFAUS3NLTS. By regarding this, I have write here in details as: What is a SWIFT code, Swift Code analysis of Bank of America , Analysis The SWIFT code characters for better understanding, Understanding the swift code, The SWIFT code is 8 or 11 characters made up of, Use of swift Code. If you know this deails information, hope you will know how to use and where to use swift code. Now read details from below:
What is a SWIFT code?
A SWIFT code is an international bank code that identifies particular banks worldwide. It’s also known as a Bank Identifier Code (BIC). Most of the Bank uses SWIFT codes to send money to overseas banks. A SWIFT code consists of 8 or 11 characters. Bank of America also use SWIFT Code to send money to overseas banks.
Swift Code analysis of SWIFT Code:
Let’s we analysis this above code. 1st 4 letter is institution or Bank Neme’s code. 5th and 6th letter is country’s ISO code. 7th and 8th letter is institution or Bank Neme’s head office location code and 9th to 11th letter/digit code is branch code (Optional code).
Here 1st 4 letter bank name: Bank of America and 4 letter code is BOFA
Here 5th & 6th Country United States Of America (USA) and 2 letter ISO Code is US
Here This bank head office 2 letter location code is 3N
This banks Branch office is and 3 digit branch code is LTS
SWIFT Code Description from Wikipedia
Analysis The Bank of America (BIC) Swift Code BOFAUS3NLTScharacters for better understanding:
4 letters: bank Name code
= Here bank name: Bank of America & 4 letter code is BOFA
2 letters: ISO 3166-1 alpha-2 country code
= Here Country United States Of America (USA) & 2 letter ISO Code is US
2 letters or digits: location code of Banks head office.
= Here 2 letter banks head office location code is 3N
3 letters or digits: branch code, optional (‘LTS’ for primary office). Where an 8-digit code is given, it may be assumed that it refers to the primary office.
= Here Branch is and 3 digit branch code is LTS
Bank of America’s 8 character Swift Code is: BOFAUS3N
Bank of America’s 11 character Swift Code is: BOFAUS3NLTS
Understanding the BOFA (BIC) Swift Code BOFAUS3NLTS:
I’m writing this so that this article can increase your knowledge on swift code. SWIFT is stands for Society for Worldwide Interbank Financial Telecommunication code. An internationally-recognized identification code for banks around the world. SWIFT codes are most commonly used for international wire transfers and are comprised of 8 or 11 alphanumeric characters. The International Organization of Standardization (IOS) was the authoritative body that approved the creation of SWIFT codes.
Swift codes are broken down into sections, in the same way telephone numbers are broken into sections, and every section reveals some information about the institution that was assigned this code. Read more about the use of swift code.
As for example: If we analysis this 0088-0451-63970 telephone phone number we shall get Country code, area code, phone number.
0088: Country code
0451: Area code
63970: Phone number
Swift code consist of eight or eleven characters. Whenever an eight-character code is used, then it is referring to the head office (main office) of the institution. Here is how an 11-character code is broken down and what each section of characters represents. Let’s we analysis this 8 and 11-character swift code like this phone number:
As for example: If we analysis this BOFAUS3N SWIFT Code we shall get, Bank code, Country code, Banks head office code and branch code.
BOFA: Bank of America (Bank)
US: United States Of America (USA) (Country)
3N: Head office code
LTS: Branch Code
It can be broken down to these sections:
Suppose your Bank Name is Bank of America, Branch , Bank Code BOFAUS3N , Branch code: LTS, Country: United States Of America (USA) and SWIFT code BOFAUS3N . Now let’s we alalysis this code.
BOFA – US – 3N – LTS
In Section 1 (the first 4-characters “BOFA”): This code is used to identify the institution’s global presence (all branches and all divisions around the world). For example, “BOFA” is used for “Bank of America ”
In Section 2 (5th and 6th characters “US”): This two-letter code represents the country code. and follows the ISO 3166-1 alpha-2 standard for representing country codes. For example, “US” for “United States Of America (USA)”.
In Section 3 (7th and 8th characters “3N”): These characters represent the banks head office location code (e.g. “3N” is the head office location code of the Bank or Institution.
If it is equal to “0”, then it typically is a BIC assigned for testing purposes (as opposed to a BIC used on the live network).
If it is equal to “1”, then it denotes a passive participant in the SWIFT network.
If it is equal to “2”, then it typically denotes a “reverse billing” BIC, meaning that the recipient of the message has to pay for the message.
In Section 4 (9th to 11th characters “LTS”): These last three characters form a “branch code” that refers to the particular branch of the institution. Here this Bank of America’s particular branch is ” “. If this section is omitted, then we have an 8-character swift code that is assumed to refer to the Head Office of the institution.
The SWIFT code is 8 or 11 characters, made up of:
1st- 4th letters: Institution Code or bank code.
5th and 6th letter, this 2 letters: ISO 3166-1 alpha-2 country code
7th and 8th letter, this 2 letters or digits: location code
9th, 10th and 11th, this 3 letters or digits: branch code, optional (You can use it or not. this is not important. primary office is enough). Where an 8-digit code is given, it may be assumed that it refers to the primary office.
If the second character is “0”, then it is typically a test BIC as opposed to a BIC used on the live network.
If the second character is “1”, then it denotes a passive participant in the SWIFT network
If the second character is “2”, then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
Use of Bank of America Swift Code:
Actually, SWIFT codes are used to identify banks and financial institutions worldwide. They are used by the swift network to transmit wire transfers (money transactions) and messages between them. For international wire transfers, swift codes are always required in order to make transactions secure and fast.
Swift code is very important for All freelancer because if they want to withdraw money from market place, they need – Name, Banks Name, Bank Account Number, and Swift Code.
If you want to receive money from a foreign Bank or withdraw money from Freelancing marketplace, then you need this Swift Code.
As for example, If you want to withdraw money from Google Adsense in your Bank of America’s Account, then you need your Name, your Banks Name, your Bank Account Number, and Bank of America’s ’s Swift Code.
Name: Md. Mohi Uddin
Banks Name: Bank of America
Bank Account Number: 222 151 524 6826
Bank of America’s ’s Swift Code: BOFAUS3NLTS
Hope you have got the clear idea about the use of SWIFT Code or BIC Code.
You must need to read this Note on Bank address, routing number and swift code:
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