Universal Branch Codes for South African Banks are used to provide convenience to customers who may find it cumbersome and frustrating to make EFTs and transfers between South African banks and not knowing individual branch codes. With certain banks and financial applications, adding a new beneficiary or receiver is not always straightforward.
Before sending a payment, we often double- and triple-check the information we submit to ensure that the bank account numbers and branch codes are right.
Customers may normally provide a branch code whether using online banking or a banking app. Multiple banks in South Africa have implemented Universal Branch Codes, essentially making sure that the universal banking code for that bank could be used irrespective of which branch the recipient’s account is held at.
We’ve put up a list of all South African Bank’s Universal Bank Branch Codes underneath so you can locate the one you’re looking for fast.
What are Universal Branch Codes?
A universal branch code is a standardized code that can be used by all banks and other financial institutions in a specific country. This code is used in place of the individual branch codes assigned by each financial institution.
For example, if a customer wants to make a deposit into their account at a branch of a different bank, they would simply need to use the universal branch code for that country, rather than having to search for the specific branch code of the bank they are using. This makes the process of making a deposit much simpler and more convenient for the customer.
Why do you need Universal Branch Codes?
All banks have several branches located around the country, and each one has a unique branch code that indicates its location. This, however, may provide a dilemma for its customers, since they will be unable to recall all of the bank’s different branch codes.
The answer to this problem is to use a single universal branch code that applies to all branches and speeds up the processing of online payments.
Banks Universal Branch Codes and Swift Codes
Absa Bank
632 005 – Universal Bank Code
ABSAZAJJXXX – Swift Code
African Bank Limited
430 000 – Universal Bank Code
AFRCZAJJXXX – Swift Code
Bidvest Bank Limited
462 005 – Universal Bank Code
BIDBZAJJXXX – Swift Code
Capitec Bank Limited
470 010 – Universal Bank Code
CABLZAJJXXX – Swift Code
Discovery Bank Limited
679 000 – Universal Bank Code
DISCZAJJ – Swift Code
FNB
250 655 – Universal Bank Code
FIRNZAJJ – Swift Code
FirstRand Bank
250 655 – Universal Bank Code
FIRNZAJJRSL – Swift Code
Grindrod Bank Limited
223 626 – Universal Bank Code
GRIDZAJJXXX – Swift Code
Investec Bank Limited
580 105 – Universal Bank Code
IVESZAJJXXX – Swift Code
Merchantile Bank Limited
450 105 – Universal Bank Code
LISAZAJJXXX – Swift Code
Nedbank
198 765 – Universal Bank Code
NEDSZAJJXXX – Swift Code
Old Mutual
462 005 – Universal Bank Code
OMAMZAJC XXX – Swift Code
Sasfin Bank Limited
683 000 – Universal Bank Code
SASFZAJJXXX – Swift Code
Standard Bank
051 001 – Universal Bank Code
SBZAZAJJ – Swift Code
SA Post Bank (Post Office)
460 005 – Universal Bank Code
SBZAZAJJ – Swift Code
Tyme Bank
678 910 – Universal Bank Code
CBZAZAJJ – Swift Code
When looking for branch codes, it’s important to understand the differences…
What’s the difference between Universal Branch Code vs Branch Code?
The branch code of a bank effectively specifies the region in which that bank’s branch is located. In essence, it is a unique number issued to each bank branch.
The Universal Branch Code is a single, unique code used for all of a bank’s branches. As a result, regardless of whatever branch a bank account is maintained or formed in, you may utilize this code on any transaction.
Furthermore, this user-friendly uniform coding technique has been adopted by all major banks and financial organizations. To put it another way, this is one of the most user-friendly banking products on the market.
It is especially critical while doing banking transactions over the internet. Finally, you may choose whether to use global branch codes or particular branch codes for each site.
If you’re one of the many individuals who is always seeking for their branch code, you should know that you can now make it a habit to utilize the one universal branch code when making payments and collecting online to simplify your life.
Why do Universal Branch Codes Matter?
There are several reasons why universal branch codes are important:
- Simplification of Banking Processes: Universal branch codes simplify the process of banking and make it easier for customers to transact with their financial institution. This can help to reduce confusion and improve the overall experience for customers.
- Increased Efficiency: By using a standardized code, banks and other financial institutions can process transactions more efficiently. This can help to reduce wait times and improve the overall speed of banking transactions.
- Improved Security: Universal branch codes can help to improve the security of banking transactions. This is because the codes are standardized, making it easier for financial institutions to detect and prevent fraud.
- Enhanced Customer Experience: By simplifying the banking process and making it easier for customers to transact with their financial institution, universal branch codes can help to enhance the overall customer experience.
Conclusion
In conclusion, universal branch codes are a valuable tool for banks and other financial institutions. They simplify the banking process, increase efficiency, improve security, and enhance the customer experience. If you are a customer of a financial institution, it is important to be familiar with the universal branch codes in your country, as they can make banking much simpler and more convenient.
International Transfers of Funds
If you’re sending money abroad, you’ll need both the IBAN account number and the SWIFT address. A branch or sort code may be necessary as well. Payment may take several business days depending on whether the payment was submitted during the Bank’s trading hours.
