Question 1

What is the SWIFT code for BMW AUSTRIA BANK GMBH?

Accepted Answer

The SWIFT/BIC code for BMW AUSTRIA BANK GMBH is BMASAT21. This 8-character code identifies the bank in international wire transfers and is registered with SWIFT (Society for Worldwide Interbank Financial Telecommunication).

Question 2

How do I send an international wire transfer to BMW AUSTRIA BANK GMBH?

Accepted Answer

To send money internationally to BMW AUSTRIA BANK GMBH, provide your bank with the SWIFT/BIC code BMASAT21 (SALZBURG, Austria) along with the recipient's full IBAN. Your bank will route the transfer via the SWIFT network.

Question 3

Is BMW AUSTRIA BANK GMBH a SEPA member?

Accepted Answer

Yes, BMW AUSTRIA BANK GMBH is a SEPA (Single Euro Payments Area) member. Euro transfers within the SEPA zone can be processed as fast, low-cost SEPA Credit Transfers using the recipient's IBAN, with no SWIFT fees required for intra-SEPA payments.

Question 4

What does the BIC code BMASAT21 mean?

Accepted Answer

In the BIC code BMASAT21: "BMAS" is the institution code identifying BMW AUSTRIA BANK GMBH, "AT" is the ISO 3166-1 country code for Austria, and "21" is the location code indicating the bank's city or timezone zone.

Question 5

Who owns BMW AUSTRIA BANK GMBH?

Accepted Answer

BMW AUSTRIA BANK GMBH is owned by Bayerische Motoren Werke AG, a banking group based in Germany. BMW AUSTRIA BANK GMBH is registered in Austria as a local entity, while its ultimate ownership sits with the parent group in Germany.

BMASAT21

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