ACS - International Transfer/Direct Debit Codes

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ACS - International Transfer/Direct Debit Codes


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Old 01-29-2011, 12:26 PM
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ACS - International Transfer/Direct Debit Codes

Hello Friends,

I've asked this question earlier also but I did not get any proper response. Guys please if any one has made online transfer to ACS please please please let me know what codes you used (SWIFT, BSB or both ?????? as given on the ACS site).

I searched various forums in vain before posting it here.

Today in the morning I had also gone to the HSBC bank (UK) but unfortunately they were also not able to guide properly. The person there said you need to have IBAN (International bank account number) which is very long some 14 digits.

Now, on ACS site there is only one SWIFT code mentioned and a BSB code.
SWIFT:CTBAAU2S and BSB: 062 - 017. (Both very small, not 14 digits )

Well combining SWIFT and BSB does make a 14 digit/alpha-numeric number but I dont think combining both is sensible.

HOW do i relate SWIFT and BSB to IBAN?????????? Also on the online international transfer form of HSBC bank they ask for IBAN.

On ACS FAQ's for overseas they say use SWIFT, but then the payment portal (of HSBC) does not have any field for SWIFT code, only IBAN


NOTE: Moderators, please do not delete or merge this post, please!!

Please throw some light on this, as I am now ready with all documents, just stuck with the payment part.

Hoping to get a useful reply, please!!!


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Old 01-29-2011, 12:36 PM
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Studying further on BSB and SWIFT.

SWIFT code CTBAAU2S is split as CTBA (Bank ID to identify the bank - Commenwealth), AU (Country), 2S must be something to identify the branch.

BSB Code: 062-017 is split as 06 (Commenwealth bank), 2 for state (NSW), 017 branch ID number.

BUT BUT BUT, still this doesn't solve my confusion, HOW do I relate it to IBAN?

OR is there something I am seriously missing??


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Old 01-29-2011, 01:09 PM
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The Swift Code was used prior to the International Banking Community using IBNs or IBANs and they may even be compatible hence ACS still referring to the Swift Code.
From memory of doing international transfers using a Swift Code or even an IBN as far as I know, you would need the IBN/IBAN or Swift code along with an Account No. and Name of the Account much as with an internal transfer in Australia you just need the BSB and Account Number though in some cases a Swift Code/IBN/IBAN may have needed the BSB too as the former may just designate the bank and you also need the branch.

If you are doing it online yourself, I recall the bank I used in Australia would have the blocks on the Online Form for the various information and you ought to check that as well as emailing the ACS to query an account number and name.
They may as a relatively unique organisation made arrangements with the Commonwealth Bank to have a Swift Code which identifies their account with use of the BSB.





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Old 01-29-2011, 01:52 PM
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Quote:
Originally Posted by Wanderer View Post
The Swift Code was used prior to the International Banking Community using IBNs or IBANs and they may even be compatible hence ACS still referring to the Swift Code.
From memory of doing international transfers using a Swift Code or even an IBN as far as I know, you would need the IBN/IBAN or Swift code along with an Account No. and Name of the Account much as with an internal transfer in Australia you just need the BSB and Account Number though in some cases a Swift Code/IBN/IBAN may have needed the BSB too as the former may just designate the bank and you also need the branch.

If you are doing it online yourself, I recall the bank I used in Australia would have the blocks on the Online Form for the various information and you ought to check that as well as emailing the ACS to query an account number and name.
They may as a relatively unique organisation made arrangements with the Commonwealth Bank to have a Swift Code which identifies their account with use of the BSB.
Thanks Wandered,
Interesting as well as confusing .

I tend to trust the compatibility point you said. It must be the same as you said. Because, otherwise ACS would have given IBAN number on their website.


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