Zenith Bank Swift Code For International Wire Transfer
Are you looking for Zenith Bank Swift online? This write up will show you the swift code of Zenith Bank Nigeria. Ensure you read it to the end.
The Meaning Of “Swift Code”
A SWIFT code, which can also be called a SWIFT number, is a standard format which for Business Identifier Codes (BIC). All Banks and financial institutions make use of them to identify themselves worldwide. It tells who sends a message and where the message is coming from, it’s kind of an international bank code or ID.
These codes are being used when individuals want to transfer money from bank to bank precisely for making international money transfers and Single Euro Payments Area (SEPA) payments. Also, Banks also use these codes to share messages among themselves.
The registrations of SWIFT codes are regulated by Society for Worldwide Interbank Financial Telecommunication (SWIFT). They have their headquarters in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL which has a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.
What Are Swift Codes Used For?
When you wish to perform international cash transfer, SWIFT code is usually needed to point out a selected checking account for international transactions.
Banks that have swift code can convert currency. Other banks without swift code are not authorized to convert this. Therefore, Swift code is a must for International Transactions that are direct
How To Use It
Let me show you how it works: when an individual want to make international money transfer, they will have to go to their local bank with the recipient’s (I.e the person they are about transferring money to) banking SWIFT code plus an international account number.
The local bank which you operate will then send a SWIFT message to the recipient’s the person at the other end which you are about sending money to) bank to accept the transfer.
What is BIC?
This simply means Bank Identifier Code (BIC), SWIFT codes and Routing Code are codes that basically do the same work.
Details of A Normal SWIFT Code
SWIFT/BIC code are usually 8-11 characters code which identifies your country where you are, city which the bank is located, name of the bank, and the bank branch.
Bank code, A-Z
This must be 4 letters which represents the bank. It’s usually written in form of the shortened version of that bank’s name.
Country code, A-Z
This must be 2 letters which represents the country the bank is located.
Location code, 0-9 and A-Z
These are 2 characters made up of letters and numbers and it tells where that bank’s head office is.
Branch Code, 0-9 and A-Z
These are 3 digits that specify on a particular branch. ‘XXX’ represents the bank’s head office.
The Official Zenith Bank Swift Code
All you need to do is to check your account statement and you will find the Zenith Bank SWIFT/BIC code or you kindly walk into the bank to ask the officials in the bank.
Below is how Zenith Bank Swift Code Looks Like:
Company name: ZENITH BANK PLC
SWIFT code: ZEIBNGLA013
Swift code (8 characters): ZEIBNGLA
Branch name: ZENITH BANK PLC
Branch code: 013
Institution type: Bank
In Summary
A SWIFT code is a code that identify the country which the bank is located, and the branch in which an account was opened (registered). The way which Zenith Bank SWIFT code looks like has been highlighted in red above. It safe, fast and reliable to make transfer with the swift code.
All banks have their unique SWIFT code, you will be asked to key in a swift before any international money transfer can be made.
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