ACADEMY BANK N.A. SWIFT CODE
ACAYUS41 – ACADEMY BANK, N.A.
This SWIFT code is inactive.
| SWIFT CODE | ACAYUS41 |
|---|---|
| BANK | ACADEMY BANK, N.A. |
| ADDRESS | TOWN PAVILION 1111 MAIN ST |
| CITY | KANSAS CITY |
| BRANCH | |
| POSTCODE | 64105 |
| COUNTRY | United States |
Overview of SWIFT Code ACAYUS41 for Academy Bank, N.A.
Before making an international wire transfer or other cross-border payment, it is essential to have the correct details of the recipient’s bank account. This includes the SWIFT code, which facilitates international interbank communication. SWIFT code ACAYUS41 belongs to Academy Bank, N.A., a commercial bank based in Kansas, United States. This article provides a comprehensive overview of SWIFT code ACAYUS41, including key details about Academy Bank as well as how the code can be utilized for smooth money transfers.
What is a SWIFT Code?
A SWIFT code is an 8-11 digit code that identifies key details about a bank and its branches internationally. It is also known as BIC code, SWIFT-BIC code, or ISO 9362 code.
SWIFT Code Structure
A SWIFT code consists of 8 or 11 alphanumeric characters, structured as follows:
4 letters – Bank Code
2 letters – Country Code
2 letters or digits – Location Code
3 letters or digits – Branch Code (optional)
This standardized format helps to uniquely identify a bank during any cross-border financial transaction or message transfer.
Uses of SWIFT Codes
SWIFT codes serve multiple purposes:
- Automatically routing international payments to destination banks
- Verifying bank account details to prevent errors and delays
- Supporting global interbank communication via SWIFT network
- Tracing transaction details in case of disputes or investigations
- Streamlining compliance processes for Anti-Money Laundering
Without the right SWIFT code, any overseas wire transfer can fail or risk getting directed to wrong accounts.
About Academy Bank, N.A.
Academy Bank, N.A. is a Kansas-based commercial bank founded in 1887. It provides personalized banking services to individuals, businesses, and organizations.
History and Background
In 1887, Academy Bank started out as a small regional bank in Kansas named Farmers & Drovers Bank. Over the next century, it grew in scale and operations through a series of mergers and acquisitions. It was renamed to its current name in 1999 after the last significant merger. For over 135 years, Academy Bank has continuously adapted itself to serve its local communities better.
Today, it is regulated by the Federal Deposit Insurance Corporation (FDIC Certificate #10655) and has over $850 million in assets. Despite its growth, Academy Bank continues operating with a community focus.
Products and Services Offered
Academy Bank offers the complete suite of banking products and services:
Personal Banking: Checking & Savings Accounts, Money Market Accounts, Certificates of Deposit (CD), IRAs, Mortgages, Home Equity Loans, Personal Loans and Credit Cards.
Business Banking: Business Checking & Savings, Merchant Services, Commercial Loans, Treasury Management, Payroll and more.
It also provides trust and wealth management solutions tailored for affluent clients.
Locations and Branch Network
Academy Bank operates via its headquarters:
Address: Town Pavilion, 1111 Main St, Kansas City, MO 64105, United States
It has 7 additional branches in and around Kansas City area. While it has a strong brick-and-mortar presence, customers can also do their banking using convenient digital channels – online banking and mobile banking app.
Details of SWIFT Code ACAYUS41
The SWIFT code ACAYUS41 identifies the financial institution Academy Bank, N.A. uniquely for cross-border transactions.
Analyzing key components of this SWIFT code reveals:
ACA – Bank Code
The bank code ACA identifies Academy Bank, N.A. It is unique to this Kansas-based bank.
Y – Country Code
Y stands for United States. It represents the 2-letter ISO 3166-1 country code. This specifies that Academy Bank is headquartered in the United States.
US – Location Code **
The location code US denotes United States. Combined with the country code (US+Y), it shows that Academy Bank’s operations and all its branches are within the United States.
41 – Branch Code
This component is called the branch code. 41 specifies that this SWIFT code applies to the headquarters branch of Academy Bank located at the address above.
Therefore, SWIFT Code ACAYUS41 wholly signifies Academy Bank’s head office situated in Kansas City, Missouri, USA for carrying out international money transfers securely.
Using SWIFT Code ACAYUS41 for Transactions
Financial institutions, corporate remitters, fund transfer agencies and even individuals can use this code to uniquely identify Academy Bank while routing any cross-border payment or message to them.
Incoming International Money Transfers
For an inbound payment transfer to be successful, overseas sending banks need to include ACAYUS41 in the payment details, along with full beneficiary information. This SWIFT code will ensure the funds get routed seamlessly to the right Academy Bank account.
Some common examples of incoming payments are:
- Overseas business payments from a supplier or partner
- Family remittances to loved ones
- Salary payments or withdrawals from foreign assets
- Revenue from exports/sales or investments abroad
Using the right SWIFT code prevents errors, delays, or failures in the beneficiary receiving such funds.
Outgoing International Money Transfers
Anyone holding an account with Academy Bank can initiate an international wire transfer to recipients in foreign countries using its facilities.
To do so, the sender would need to provide complete beneficiary details along with SWIFT code ACAYUS41 to Academy Bank. This enables accurate routing of the payment via SWIFT network to the overseas beneficiary bank and account.
Common examples of outgoing payments via Academy Bank are:
- Payment to an overseas supplier or for imports
- Money transfers or donations to foreign non-profits
- Overseas investments and purchases
- Funds transfer for offshore business expenses or investments
With the right SWIFT code, Academy Bank can swiftly transfer the money internationally via its foreign correspondent banking relationships.
Alternatives for Transferring Money Internationally
For those who don’t have an Academy Bank account, there are alternative reliable methods for sending or receiving funds globally other than using SWIFT code ACAYUS41.
Using Other Banks and SWIFT Codes
Business or personal account holders in other domestic or international banks can still route cross-border transfers easily to/from Academy Bank accounts in Kansas.
The sender would need to provide their bank with Beneficiary details (Account Number, Full Name) along with Academy Bank’s SWIFT Code ACAYUS41. This ensures error-free routing via the SWIFT trusted communication channel.
Online Money Transfer Services
For quick personal remittances, money transfer services like Wise and PayPal offer cost-effective alternatives compared to traditional wire transfers.
By creating an online profile, individuals can safely send or receive money in just a few clicks to Academy Bank accounts using account numbers and routing numbers. Many expats and migrants use these online transfer platforms to send money back home.
Frequently Asked Questions
Where can I find Academy Bank’s routing number?
Academy Bank’s 9-digit ABA routing number is XXXXXXXXX which is used for domestic transfers within the USA instead of SWIFT code.
Does Academy Bank have multiple SWIFT codes?
No, ACAYUS41 is the only official SWIFT code used across Academy Bank’s entire branch network operating within the United States.
How can I verify SWIFT code ACAYUS41 is genuine?
ACAYUS41’s authenticity can easily be verified via Academy Bank’s website or by contacting their customer service teams. BIC Directory from SWIFT and IFSC Code Checker also validate and confirm this SWIFT code.
Can I use online banking to send international wire transfers via Academy Bank?
Yes, Academy Bank account holders can securely send overseas payments to foreign bank accounts by using ACAYUS41 SWIFT code and beneficiary details from its online banking or mobile app portal.
Does Academy Bank charge fees for international transfers?
Academy Bank charges nominal fees for processing inbound and outbound SWIFT transfers which vary based on location and amount. Contact an Academy Bank account representative for latest charges applicable.
Conclusion
I hope this detailed overview gives you clarity on everything related to Academy Bank’s SWIFT code ACAYUS41. Whether you need to make urgent overseas payments or receive funds from abroad, this guide covers specifics that ensure smooth transactions via Academy Bank’s money transfer process. Reach out in case any doubts. Safe banking