Commonwealth Bank SWIFT Code: CTBAAU2S

Commonwealth Bank SWIFT Code: CTBAAU2S

The SWIFT/BIC code for Commonwealth Bank of Australia is CTBAAU2S. CTBA identifies the Commonwealth Bank (from its historical telegraph code), AU stands for Australia, and 2S is the Sydney location code. This code covers international wire transfers to CBA accounts across Australia.

Commonwealth Bank (CBA) is Australia's largest bank by market capitalization and the largest in the Southern Hemisphere. Founded in 1911 by the Australian government, it was privatized in 1996 and now serves over 17 million customers.

AUD Transfer Routing and Timing

CBA is a primary clearing bank for Australian dollar (AUD) transactions. International AUD wires routed through CTBAAU2S settle within 1 to 2 business days. The bank processes incoming wires through its Sydney operations center, with cut-off at 4:00 PM AEST for same-day processing.

Australia uses BSB (Bank State Branch) numbers for domestic routing. For international wires, you need both the BSB and the SWIFT code. CBA BSB numbers start with 06, and the format is 06XXXX (6 digits).

CBA International Transfer Fees

CBA charges AUD 22 for incoming international wires and AUD 6 for incoming AUD wires from CBA's New Zealand subsidiary (ASB Bank). Outgoing international wire fees range from AUD 0 (via the CommBank app for eligible transfers) to AUD 30 for branch-initiated wires.

CBA also offers an international money transfer service with lower fees for consumer transfers to select countries. However, business and high-value transfers still require the standard SWIFT wire process using CTBAAU2S.

How Slash fits in

Slash monitors AUD and multi-currency wires across your Australian banking relationships. When a transfer hits your CBA account, Slash logs the details and reconciles the payment against your accounting records automatically.