Capitec Bank Branch Codes and SWIFT Code
Capitec Universal Branch Code – 470 010
Capitec Swift Code – CABLZAJJ
CAPITEC BANK LIMITED, NEUTRON ROAD, 5, IKHAYA, FLOOR 5, STELLENBOSCH, South Africa
|Universal Branch Code
|View all Capitec Branches
In today’s globalized world, the need for secure and efficient financial transactions is crucial. Whether you are making a domestic payment or an international wire transfer, understanding the bank branch code and SWIFT code is important.
Here are a few things you need to know before you do an international Wire Transfer
Bank Branch Codes:
Bank branch codes, also known as sort codes or routing numbers, are unique identification numbers assigned to specific bank branches. These codes help in identifying the exact location of a bank branch within a particular country. Each bank has its own set of branch codes that assist in routing payments efficiently.
The primary purpose of bank branch codes is to ensure that funds are transferred to the intended recipient’s account without errors. When making international payments, it is important to provide the correct branch code along with the account number to ensure that the funds are directed to the right branch and account.
SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes are internationally recognized identification codes used for identifying banks and financial institutions globally. These codes play a crucial role in facilitating secure and swift international wire transfers.
A typical SWIFT code consists of 8 or 11 alphanumeric characters. The first four characters represent the bank or institution’s code, followed by two characters denoting the country, two characters representing the location, and an optional three-character branch code. SWIFT codes enable banks to communicate securely and accurately during international transactions.
What is a BIC code?
BIC means Bank Identification Code, or Bank Identifier Code. It is an 8 to 11-character number that is used to identify a specific bank when you make an international transaction. It’s almost like a postcode for your bank, ensuring that your money goes to the right place.
What is IBAN
IBAN stands for International Bank Account Number, which you can use when making or receiving international payments.
Your IBAN doesn’t replace your sort code & account number ─ it’s an additional number with extra information to help overseas banks identify your account for payments.