If you are looking for a convenient way to perform banking transactions, the Universal Branch Code is a useful tool that helps you a lot in making online transfers and makes them secure. South Africa has provided each bank with a Universal Branch Code, which facilitates easy identification and transactions across different branches. This article will explain the Universal Branch Code, its importance, and how to use it; so please read it carefully.
What are Universal Branch Codes?
In South Africa, each bank branch is assigned a unique code known as the Universal Branch Code. This code plays an important role in identifying and processing financial transactions between different banks or branches. Its purpose is to streamline the Internet banking transfer process and ensure efficient transaction processing.
What is the universal branch code?
In South Africa, a universal branch code is a six-digit code used to identify a specific bank branch. This code is used to facilitate inter-bank transactions and to ensure that funds are transferred to the correct bank branch.
Why are Universal Branch Codes important?
Their significance lies in simplifying the execution of banking transactions across various banks and branches. They streamline the electronic transfer procedure, guaranteeing the efficient processing of transactions. Utilizing a unique Universal Branch Code enables you to swiftly and effectively money transfer to individuals, irrespective of their affiliated bank, expediting the transaction process.
A-Z Universal Bank Branch Codes and Swift Codes
Here is a list of Universal Branch Codes for Top South African Banks that you should know:
| Bank Name | Universal Branch Code | Swift Code |
| ABSA Branch Code | 632005 | ABSAZAJJ |
| African Bank Branch Code | 430000 | AFRCZAJJ |
| Bank of Athens Branch Code | 410506 | BATHZAJJ |
| Bidvest Bank Branch Code | 462005 | BIDBZAJJ |
| Capitec Branch Code | 470010 | CABLZAJJ |
| First National Bank / FNB Branch Code | 250655 | FIRNZAJJ |
| Investec Branch Code | 580105 | IVESZAJJ |
| Nedbank Branch Code | 198765 | NEDSZAJJ |
| SA Post Bank Branch Code | 460005 | |
| Standard Bank Branch Code | 051001 | SBZAZAJJ |
| Tyme Bank Branch Code | 678910 | CBZAZAJJ |
| Discovery Bank Branch Code | 679 000 | DISCZAJJ |
| Barclays Bank | 590000 | |
| FirstRand Bank Ltd | 201419 | FIRNZAJJ |
| Old Mutual | 462 005 | OMAMZAJC XXX |
| HSBC Bank | 587000 | |
| Mercantile Bank Limited | 450105 | LISAZAJJ |
| Rand Merchant Bank | 261251 | FIRNZAJJ |
| RMB Private Bank | 222026 | RMBSZAJJ |
| Standard Chartered Bank | 730020 | SCBLSG22 |
How do I use a code for online banking in South Africa?
The Universal Branch Code is used for online banking transactions. You will need to provide the recipient’s bank details, which include their bank name, account number, and the Universal Branch Code.
Then, you can initiate the transfer through your online banking platform or by visiting your bank branch.
The process may vary between banks, so it is best to contact your specific bank for more information on how to use the Universal Branch Code for online banking in South Africa.
Frequently Asked Questions (FAQ)
Capitec Bank’s universal branch code is 470010. However, this can vary between branches, so it is best for you to check directly with Capitec Bank or visit their website for the most updated and accurate list.
Nedbank universal branch code is 198765. However, this can vary between branches, so it is best for you to check directly with Nedbank or visit their website for the most updated and accurate list.
FNB universal branch code is 250655. However, this can vary between branches, so it is best for you to check directly with First National Bank or visit their website for the most updated and accurate list.
Absa Bank universal branch code is 632005. However, this can vary between branches, so it is best for you to check directly with Absa Bank or visit their website for the most updated and accurate list.
Author
Hello friends, my name is RK Singh and I am an engineer. However, by profession, I am a blogger; I have a keen interest in the finance niche. My main goal in starting this blog is to solve the difficulties people face in using online banking, bank branch codes, debit cards, and credit cards. I am not affiliated with any bank or company. I strive to provide people with accurate information so that they can achieve their goals correctly. If you still have any queries, please feel free to follow my social media accounts listed below and ask questions without hesitation. Thanks.
For More Information, Please Follow Me On Social Media.