Banks branch codes have become very important in modern day banking, the codes which are generated by the Commercial Banks and regulated buy the South African Reserve Bank which is the Central Bank of South Africa.
What Is A Universal Branch Codes?
A universal branch codes is a code that a customer of a particular bank uses to do inter-bank transfers( transferring money from one bank to another with South Africa). Branch codes has made it easy to curb armed robberies and dubious acts.
Now these are the Codes for you some leading banks in South Africa.
- Absa Bank – 632 005
2. African Bank – 430 000
3. Bidvest Bank – 462 005
4. Capitec Bank – 470 010
5. Discovery Bank – 679 000
6. First National Bank – 250 655
7. First Rand Bank – 250 655
8. Grindod Bank – 223 626
9. Investec Bank – 580 105
10. Nedbank – 198 765
11. Standard Bank
12. Bank of Athens – 410 506
What is Bank Swift Codes?
Have you tried having to make an inter bank transfer internationally. An international remittance payment can be very challenging task. Which is why many consumers looking to transfer forex between different nations often opt for the traditional banking system and using big banks that they trust.
Now let’s move to what a swift code is, It is a unique identification code for a banks that is used to distinguish them them during international inter bank transactions. The code consist of eight or eleven characters.
The Swift code is made up of the following ;
- The first 4 characters – Bank code (only letters)
- The next 2 characters – ISO 3155-1 alpha-2 country code (only letters)
- The next 2 characters – location code (numbers and letters)
- And lastly the 3 characters – Branch code which is optional.
These are your favorite banks and their Swift Codes;
Bank Name Swift Codes
ABSA Bank ABSAZAJJ
Capitec Bank CABLZAJJ*
First National Bank FIRNZAJJ
Nedbank NEDSZAJj
Standard Bank SBZAZAJJ
Grindod Bank GRIDZAJJ
Investec Bank IVESZAJJ