SWIFT Community
For SQE’s (Software Quality Engineers) to collaborate and share ideas and experiences
Organizer:
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Swift Code (Bic)
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Swift Code (Bic)
What is a SWIFT code?
A banking Swift code is the standard format Bank Identifier Code (BIC) and is a unique identification code for a particular bank. Swift codes are used when transferring money and messages between banks. A Swift code consists of 8 or 11 characters.
Generally, when 8-digit codes are given, it refers to the primary office.
The makeup of a SWIFT code
First 4 characters – Bank code (only letters)
Next 2 characters – ISO 3155-1 alpha-2 country code (only letters)
Next 2 characters – location code (numbers and letters)
Lastly 3 characters – Branch code (optional)
Swift Codes For South African banks:
All the banks in South Africa have a unique identifying SWIFT code which you can find in the table below:
| Bank | SWIFT Code |
| ABSA | ABSAZAJJ |
| Capitec | CABLZAJJ* |
| FNB | FIRNZAJJ |
| Nedbank | NEDSZAJj |
| Standard Bank | SBZAZAJJ |
*Note: The foreign bank must use the Nedbank SWIFT code (NEDSZAJJ) in the “Receiver” and “Intermediary Institution” fields and Capitec Bank’s SWIFT code (CABLZAJJ) in the “Account With” field to reduce the risk of delayed and lost payment.
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This discussion was modified 4 years, 9 months ago by
Heidi.
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This discussion was modified 4 years, 9 months ago by
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2 Replies
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Tx Heidi ????
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Thanks for the refresher, Heidi.
There is a client with a BIC that includes the branch. When sending the 11-character BIC, LINKZAJJRBR, to TIBCO they insert the 9<sup>th</sup> character as X. The BIC is then actually 12 characters: <ns0:receiverBIC>LINKZAJJXRBR</ns0: receiverBIC
Is this a Swift standard that will change with the implementation of ISO standards?
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