SWIFT/BANK codes in Africa
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SWIFT Codes: Your Guide to International Money Transfers in Africa
Are you sending or receiving money internationally from Africa ? Understanding SWIFT codes is essential for ensuring your transactions are accurate and efficient.
A SWIFT code, also known as a BIC (Bank Identifier Code), is a unique identifier for banks and branches worldwide. It's used to route international wire transfers and messages.
How SWIFT Codes Work:
- Identification: SWIFT codes pinpoint specific banks and branches, ensuring your funds reach the correct destination.
- International Transfers: Banks use these codes to process international money transfers seamlessly.
- Format: SWIFT codes consist of 8 or 11 characters. An 11-digit code specifies a branch, while an 8-digit code (or one ending in 'XXX') represents the bank's head office.
SWIFT Code Registration:
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) manages SWIFT code registrations.
Your Questions, Answered
A SWIFT code is a set of 8 or 11 digits that represents a bank branch. You'll need to use one when sending money internationally. Find your SWIFT code here
Not every bank branch has a SWIFT code, which means you can usually use the code for the bank's head office.
It depends on the country you're sending money to. In the Eurozone, you'll always need an IBAN and a SWIFT/BIC code. Banks in the USA use SWIFT codes, but they don't use IBANs. It's the same in New Zealand too.
Disclaimer
The tools provided on this website are for informational purposes only. While we strive for accuracy, we cannot guarantee the correctness of the data. Always verify SWIFT codes with your bank, especially for important or time-sensitive transactions.
$1 = ₦1748 $1 = ₦1748 (market avg.)