In order to send a SWIFT payment to AUSTRIA it is highly recommended to meet the following recommendations:
When sending payments to Austria, it is crucial to obtain all necessary bank information from the Beneficiary, including SWIFT BIC, IBAN, and the beneficiary bank address. Ensure compliance with SEPA standards, which require both IBAN and SWIFT BIC for euro transactions. For the Ordering Customer (SWIFT MT103 F50), include the account number, full name (no initials), and address. For the Beneficiary Customer (SWIFT MT103 F59), include the account number (IBAN), full name (no initials), and address. Use of initials can delay funds' receipt. The SWIFT BIC should also be included for the Beneficiary Bank (SWIFT MT103 F57) along with a required branch identifier where necessary. The SWIFT BIC is composed of 8 or 11 alphanumeric characters: xxxxATxx or xxxxATxxxxx. Note that there are no specific bank clearing codes for cross-border payments in Austria apart from the SWIFT BIC.
For the following financial institutions in AUSTRIA you can find a list of their correspondent banks with the currencies and nostro accounts. Also you will find an instructions how to track the payments and other useful information which will help you to send/receive a SWIFT funds transfer or investigate a status of existing payment.
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