Finance – Page 4 – TrendyNaija

In this post we are going to be listing the SWIFT code of all Nigerian banks. We are also going to be showing you how SWIFT codes are generated and the application of SWIFT codes. You might have come across a section several times when filling a bank transfer form where you have to input the SWIFT code of the bank. Some times you begin to wonder how you can get the correct SWIFT code of your bank as you wouldn't want any wrong info to disrupt your transaction. To get the sort code of any bank in Nigeria see this post "List of The Sort Codes of All Banks in Nigeria". What Is SWIFT Code? SWIFT code is a unique standard format to identify a particular bank or financial institution. SWIFT code is also commonly called BIC which stand for business identifier code. The acronym SWIFT stands for "Society for Worldwide Interbank Financial Telecommunication". The terms SWIFT codes and BIC codes are terms that are usually use interchangeably. Other terms used by banks overseas include: BSC (Bank Sort Code) CHIPS (Clearing House Inter-Bank Payment System) – US and Canada only IFSC (Indian Financial System Code) NCC (National Clearing Code) How SWIFT Codes Are Formed SWIFT codes are either 8 or 11 characters long. When the 8-digits code is given, it refers to the primary or head office of the bank or financial institution but if its the 11-digits code that is given it refers to the specific branch. The SWIFT code is formatted as shown below; The first 4 characters represent the bank code (only letters) The next 2 characters represent the ISO 3166-1 alpha-2 country code (only letters) The next 2 characters represent the location code (letters and digits) The last 3 characters represent the branch code (this is optional). Note that for most transactions you can use the 8-digits swift code which is the swift code for the primary or head office. List Of The SWIFT Codes Of All The Banks In Nigeria This table list the SWIFT code for all the banks in Nigeria. You can check the correct SWIFT code for your bank. BankSWIFT Code ACCESS BANKABNGNGLA BANK PHBPLNINGLA CENTRAL BANK OF NIGERIACBNINGLA CITI BANKCITINGLA DIAMOND BANKDBLNNGLA ECOBANKECOCNGLA EQUITORIAL TRUST BANKEQUTNGLA FIDELITY BANKFIDTNGLA FIRST BANKFBNINGLA FIRST CITY MONUMENT BANK (FCMB)FCMBNGLA GUARANTY TRUST BANK (GTB)GTBINGLA HERITAGE BANKHBCLNGLA JAIZ BANKJAIZNGLA KEYSTONE BANKPLNINGLA SKYE BANKPRDTNGLA STANBIC IBTCSBICNGLX STANDARD CHARTERED BANKSCBLNGLA STERLING BANKNAMENGLA UNION BANKUBNINGLA UNITED BANK FOR AFRICA (UBA)UNAFNGLA UNITY BANKICITNGLA WEMA BANKWEMANGLA ZENITH BANKZEIBNGLA Difference Between Bank Sort Code And SWIFT Code Although both SWIFT and sort code are use to identify a bank, their difference lies primarily in their usage. While SWIFT code is use mostly to identify a bank's primary or head office in international transactions, sort code is use primarily to identify a specific bank branch in local transactions. Also, SWIFT codes are typically 8 or 11 characters long and are alphanumeric; that is it can contain both numbers and letters. In contrast, sort codes are 6 characters long and strictly contain numbers only. In summary the differences between SWIFT code and sort code are outlined below; SWIFT codes are used globally for international transfers while Sort codes are used only locally for transfers within the country. SWIFT codes are typically 8 or 11 characters long while sort codes are 6 characters long. SWIFT codes are alphanumeric while sort codes are purely numeric. Access Bank SWIFT Code Below is the correct SWIFT code of Access Bank Nigeria and some other information about the bank you will find very useful; Bank name: Access Bank Nigeria. Access Bank SWIFT BIC / SWIFT code: ABNGNGLA Headquarters: Victoria Island, Lagos Founded: 1989 Official website: acessbankplc.com Central Bank Of Nigeria SWIFT Code Below is the correct SWIFT code of Central Bank of Nigeria and some other information about the bank you will find very useful; Bank name: Central Bank of Nigeria. CBN SWIFT BIC / SWIFT code: CBNINGLA Headquarters: Abuja Founded: 1958 Official website: cbn.gov.ng EcoBank SWIFT Code Below is the correct SWIFT code of EcoBank Nigeria and some other information about the bank you will find very useful; Bank name: Ecobank Nigeria Plc. ECOBANK SWIFT BIC / SWIFT code: ECOCNGLA Headquarters: Lagos Founded: 1989 Official website: ecobank.com Fidelity Bank SWIFT Code Below is the correct SWIFT code of Fidelity Bank Nigeria and some other information about the bank you will find very useful; Bank name: Fidelity Bank Plc. Fidelity Bank SWIFT BIC / SWIFT code: FIDTNGLA Headquarters: Lagos Founded: 1988 Official website: fidelitybank.ng First Bank SWIFT Code Below is the correct SWIFT code of First Bank Nigeria and some other information about the bank you will find very useful; Bank name: First Bank Nigeria Plc. FBN SWIFT BIC / SWIFT code: FBNINGLA Headquarters: Lagos Founded: 1894 Official website: firstbanknigeria.com First City Monument Bank SWIFT Code Below is the correct SWIFT code of FCMB Nigeria and some other information about the bank you will find very useful; Bank name: First City Monument Bank Plc. FCMB SWIFT BIC / SWIFT code: FCMBNGLA Headquarters: Lagos Founded: 20 April 1982 Official website: fcmb.com GT Bank SWIFT Code Below is the correct SWIFT code of Guaranty Trust Bank Nigeria (GTB) and some other information about the bank you will find very useful; Bank name: Guaranty Trust Bank Plc. GTB SWIFT BIC / SWIFT code: GTBINGLA Headquarters: 635 Akin Adesola Street, Victoria Island, Lagos Founded: 17 January 1990 Official website: gtbank.com Union Bank SWIFT Code Below is the correct SWIFT code of Union Bank Nigeria and some other information about the bank you will find very useful; Bank name: Union Bank Plc. Union Bank SWIFT BIC / SWIFT code: UBNINGLA Headquarters: Lagos Founded: 1917 Official website: unionbanking.com UBA Bank SWIFT Code Below is the correct SWIFT code of United Bank for Africa Nigeria and some other information about the bank you will find very useful; Bank name: United Bank for Africa Plc. UBA SWIFT BIC / SWIFT code: UNAFNGLA Headquarters: Lagos Founded: 1948 Official website: ubagroup.com Zenith Bank SWIFT Code Below is the correct SWIFT code of Zenith Bank Nigeria and some other information about the bank you will find very useful; Bank name: Zenith Bank Plc. Zenith Bank SWIFT BIC / SWIFT code: ZEIBNGLA Headquarters: Lagos Founded: May 1990 Official website: zenithbank.com