Swift codes for South African banks



Below is the Swift codes for South African banks:

ABSA Bank                          - ABSAZAJJ

Bank of Athens                    - BATHZAJJ

FNB                                   - FIRNZAJJ  

Nedbank                             - NEDSZAJJ

Standard Bank                     - SBZAZAJJ  

State Bank of India               - SBINZAJJ

Capitec Bank                        - CABLZAJJ - a foreign bank must use the Nedbank SWIFT code (NEDSZAJJ) in the "Receiver" and "Intermediary Institution" fields and Capitec bank's SWIFT code  in the "Account With" field to reduce the risk of delayed and lost payments.





What is a SWIFT code?

The description found on Wikipedia ...

The SWIFT code is 8 or 11 characters,  made up of:
4 letters: Bank code  or Institution Code.
2 letters: ISO 3166-1 alpha-2 country code
2 letters or digits: location code

  • if the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
  • if the second character is "1", then it denotes a passive participant in the SWIFT network
  • if the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.

3 letters or digits: branch code, optional (XXX for primary office). Where an 8-digit code is given, it may be assumed that it refers to the primary office. 




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