Skip to content
  • Privacy Policy
  • Contact Us
  • About US
CampusTimesNG

CampusTimesNG

Complete Campus Updates Just For You

  • Home
  • Admission
  • Institutions
  • Scholarship
  • Jamb CBT
  • Study Abroad
  • Career
  • NYSC
  • O’level
  • Toggle search form
  • Federal Polytechnic Oko Courses
    Federal Polytechnic Oko Courses & Requirements Institutions
  • Registered Political Parties In Nigeria
    List Of Registered Political Parties In Nigeria [Old & New] General
  • Moshood Abiola Polytechnic Abeokuta Courses
    Moshood Abiola Polytechnic Courses & Requirements Institutions
  • Overtime
    How Does Overtime Work In Canada? General
  • Nigerian Airforce DSSC Recruitment
    Nigerian Airforce DSSC Recruitment Is Ongoing: Apply Now!!!! General
  • Diamond Bank Airtime recharge code
    Diamond Bank Airtime Recharge Code, How To Use! General
  • Ambrose Alli University Courses
    Ambrose Alli University Courses, AAU Cut Off Mark & Requirements Institutions
  • JAMB Subject Combination For Economics
    JAMB Subject Combination For Public Administration In UTME Exams Jamb CBT
Swift Code

What Is A Bank SWIFT Code Used For

Posted on July 25, 2025 By CampusTimesNG No Comments on What Is A Bank SWIFT Code Used For

It was in my practical year in the higher institution while in the bank for payment of Student Industrial Work Experience scheme?(SIWES) I was forced to know what a?SWIFT code is, honestly it was so embarrassing, that i had to go do a research and ask questions for clarification.

If you have been hearing about the bank?SWIFT code and wants to know more, continue reading this article for full detail of what a?SWIFT code is.

SWIFT literally stands for Society for Worldwide Interbank Financial Telecommunication, it?is the standard format of Bank Identifier Codes(BIC). I would use a typical bank to explain what a SWIFT code is.

Uses Of SWIFT Code In The Bank

SWIFT codes are used for the following;

when you want to transfer money from one account to another.

especially international money transfer, it is?often required by the foreign bank to

which you are making transfer to.

it also helps to quicken the rate at which such international transaction is done

It is also used by banks to send messages among themselves.

Messages sent using the Swift Code is usually more secure

With The swift code, source of the message is being recognized easily

In summary, The?Bank Swift Code?provides information about the bank and branch where the money should be transferred. Being able to check information about the?Swift Code?will provide you with the proper information necessary to make or receive payments.

Some of the banks and their associated branches benefit from an address listing which provides you with the means to match swift codes with financial institution office address.

The Swift Code is made up of 8 to 11 characters.? The primary office of the bank makes use of 8 digits written in a specific format.

The first four digits are written together followed by a space. The next two characters are also written together followed by another space. The next two characters are written together followed by yet another space before the last three characters are written, bring the total to 11 characters.

The first 4 characters stand for the bank code and they are only provided in form of letters. The next two characters, on the other hand, stand for the ISO 3166-1 alpha-2 country code in which the bank is operating and it is represented only by letters.

The next two characters too represent the code for the location of the bank.? This location code is represented by a mixture of digits and letters. If the bank is a passive participant, it will have ?1? as its second character.

The last three characters stands for the branch code. The code is however optional. This is why the Swift Code can either be 11 or 8 characters.

Below is an example of a SWIFT code which gives detailed information about a Zenith Bank branch

Swift Code (BIC) – ZEIBNGLA013 – ZENITH BANK PLC – ABUJA – NIGERIA (NG)

SWIFT CODE ZEIBNGLA013
BANK NAME ZENITH BANK PLC
BANK BRANCH (ABUJA BRANCH)
COUNTRY NIGERIA (NG) FlagNIGERIA (NG)
CITY ABUJA
ADDRESS –
ZIP / POSTAL CODE –
Status Check
Money Transfer

 

with the description above, a transfer can be done and tracked at ease, we do hope you have learnt something today, do well to share with friends and loved ones.

General

Post navigation

Previous Post: How To Have An Unforgettable NYSC Camp Experience
Next Post: Nekede Poly Post-UTME: Cut-off Mark, Eligibility And Registration Details

Related Posts

  • Benefits Virtual Learning
    Benefits of Virtual Learning Education In Nigerian Universities General
  • Closed User Group
    9Mobile(Etisalat) Closed User Group Subscription Services- All You Need To Know General
  • Speak With An MTN Customer Rep In Less Than 15 Seconds
    How To Speak With An MTN Customer Rep In Less Than 15 Seconds General
  • Registered Political Parties In Nigeria
    List Of Registered Political Parties In Nigeria [Old & New] General
  • How To Check Airtel Phone Number On Handset General
  • Withdraw from Crypto to Bank Account in Nigeria
    Withdraw from Crypto to Bank Account in Nigeria – Quick and Easy! General

More Related Articles

Heritage bank money transfer code How To Transfer Money with Heritage Bank Money Transfer Code General
Age Limits For Immigration What Is The Maximum Age Limits For Immigration To Canada General
Airtel Data Plan Airtel Data Plan & Bundles, Subscription Codes And Prices General
Business Ideas in Nigeria Top Business Ideas in Nigeria To Start With Low Capital General
Migrant Job Rate Migrant Job Rate Currently Rising In Canada General
Diamond Bank Recruitment Know How To Apply For Diamond Bank Recruitment Exercise General

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

scaleitpro

Navigation Links

  • Admission
  • Australia
  • Canada
  • Career
  • General
  • Immigrate
  • Institutions
  • Jamb CBT
  • Jobs
  • NYSC
  • O'level
  • Scholarship
  • Schoolings
  • Study Abroad
  • USA
  • Visa
scaleitpro1
  • UNIABUJA Cut-Off Marks
    How To Calculate UNIABUJA Aggregate Score For Admission Admission
  • Bola Tinubu Net Worth, Biography, Cars, Houses General
  • Gombe State University courses
    Gombe State University Courses & Requirements Institutions
  • Osun State University Courses
    Osun State University Courses & Requirements | UNIOSUN Post UTME Screening Institutions
  • Most Important Tips Get a Scholarship
    The 10 Most Important Tips to Get a Scholarship Study Abroad
  • Banks USSD Codes
    Top 10 Nigerian Banks USSD Codes And Uses General
  • JAMB subject combination for Sociology
    Jamb Subject Combination For Sociology In UTME Exams Jamb CBT
  • LASU School Fees Payment Deadline For Fresh Students
    IAUE School Fees Schedule And Payment Procedure Institutions

Gallery

Nigerian Navy School of Health Sciences Offa
Canada Visitor Visa
Child to a Christian school
Ogun State College of Nursing Sciences

Recent Posts

  • EcoBank USSD: How To Open Ecobank Account With Mobile Phone
  • NNPC/SNEPCo National University Scholarship For Nigerian Students- APPLY!!!
  • National Institute of Construction Technology Courses & Requirements

Recent Comments

  • CampusTimesNG on FUOYE Post-UTME Form: Cut-off mark, Eligibility, And Registration Details
  • folakemi ashabi on FUOYE Post-UTME Form: Cut-off mark, Eligibility, And Registration Details

Calendar

July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    

Copyright © 2024 CampusTimesNG. All Rights Reserved.

Need help? Our team is just a message away

 

Loading Comments...