List Of Universal Branch Codes For All South Africa Banks – In today’s world, banking plays a key role in almost all of our affairs. Our everyday routine is somewhat centered around transactions as many of us tend to use this means to make purchases and pay for things. In view of that, there is a need for one to be in the know when it comes to the branch codes for the various banks.
If you are tired of almost always making a mistake when it comes to branch codes, then you better stay on this article because it is for you. Be it making a deposit, transferring money, paying fees, paying bills and the host of everything else that needs you to use branch codes. This article will take a look at the list of universal branch codes for South African banks and everything there is to know. Continue reading to find out more.
What Are Universal Branch Codes?
South African banks are given distinct codes known as universal branch codes, which are valid for all of the bank’s branches. Customers can utilize universal branch codes for transactions independent of the exact bank branch they are interacting with, in contrast to traditional branch codes, which are exclusive to that particular branch. Users no longer need to search for the precise branch code where their account is kept, which makes online banking, payments, and transfers easier. For digital and remote transactions in particular, universal branch codes streamline and expedite the banking procedure.
List Of Universal Branch Codes For All South Africa Banks
South Africa just like any other country has a list of Universal Branch codes for their banks. Below, we are going to list them. This will help you when you are making any sort of transaction with these banks.
- Absa Bank 632 005
- Capitec Bank 470 010
- First National Bank (FNB) 250 655
- Investec Bank 580 105
- Nedbank 198 765
- Standard Bank 051 001
- African Bank 430 000
- Mercantile Bank 450 905
- TymeBank 678 910
- Bidvest Bank 679 000
- Sasfin Bank 683 000
- Bank of Athens 410 506
- RMB Private Bank 222 026
- South African Post Bank (Post Office) 460 005
- Hollard Bank 585 001
- Discovery Bank 679 000
- Standard Chartered Bank 730 020
- Barclays Bank 590 000
- Investec Bank Limited 580 105
- Mercantile Bank Limited 450 905
Do South African Banks Have Universal Branch Codes?
It is true that South African banks use standard branch codes. To make online and electronic transactions easier, some significant banks in South Africa have implemented these universal branch codes. Regardless of where their account is housed, users can use the universal branch code for all transactions in place of a specific branch code associated with a particular location. With online banking, these universal codes are especially helpful since they simplify payment and transfer processing for users by eliminating the need to look up unique branch numbers.
What’s The Difference Between Branch Code vs Universal Branch Code
Depending on the scope and usage of these codes, you can determine whether the code is a branch code or a universal code. Here are the differences between a branch code and a universal branch code.
- The branch code is specific and assigned to a specific physical branch of a bank. It can be called the unique identifier.
- It is mainly used to identify the exact location of the branch of the bank where the account is. It is also used to know the transactions that go on in that bank.
- Traditional banking transactions, like in-branch deposits or transfers between branches, would require the branch code to ensure funds are directed to the correct location
- Example: A local branch of Standard Bank in Johannesburg might have a unique branch code different from a branch in Cape Town
When it comes to the Universal Branch code however,
- These are codes that apply to all branches of a particular bank across the country. This means that, the universal branch code for Stanbic bank in Cape Town will be the same as that of Johannesburg
- It simplifies online and electronic transactions by allowing customers to use the same code for any transaction, regardless of which branch they bank with.
- Universal branch codes are particularly useful for online banking, mobile banking, and EFT (Electronic Funds Transfer), as they streamline the process and eliminate the need to know a specific branch code.
- Example: Instead of searching for the branch code of a specific Standard Bank branch, users can use the universal branch code 051001 for all online transactions.
To conclude; a branch code identifies a specific bank location, while a universal branch code can be used for transactions with any branch of a bank, making it more convenient for electronic and remote banking.
What Is The Universal Branch Code?
These are codes that apply to all branches of a particular bank across the country. This means that the universal branch code for Stanbic bank in Cape Town will be the same as that of Johannesburg. It simplifies online and electronic transactions by allowing customers to use the same code for any transaction, regardless of which branch they bank with. Universal branch codes are particularly useful for online banking, mobile banking, and EFT (Electronic Funds Transfer), as they streamline the process and eliminate the need to know a specific branch code. Example: Instead of searching for the branch code of a specific Standard Bank branch, users can use the universal branch code 051001 for all online transactions.
What Is A Branch Code?
The branch code is specific and assigned to a specific physical branch of a bank. It can be called the unique identifier. It is mainly used to identify the exact location of the branch of the bank where the account is. It is also used to know the transactions that go on in that bank. Traditional banking transactions, like in-branch deposits or transfers between branches, would require the branch code to ensure funds are directed to the correct location. Example: A local branch of Standard Bank in Johannesburg might have a unique branch code different from a branch in Cape Town
When Should You Use A Universal Branch Code?
There are several instances where there will be a need for one to use a universal branch code. Below are some of the instances where a universal branch code will come in handy.
- There will be a need for you to use a universal branch code when you are making online payments or transactions. It can be said that this makes the process seamless and simple. This is because you can use the same code for any of your accounts regardless of the branch.
- During a mobile banking transaction, you will be required to use a universal branch code as it streamlines transfers and payments. More importantly, the mobile apps require the universal branch code to work.
- When sending money electronically from one bank to another, the universal branch code ensures that the payment goes through without needing to identify a specific branch.
- Again, you will need to use the universal branch code when paying service providers or merchants. To make the transactions easier for customers, they provide these codes so that customers will make payments with ease.
- For transactions where you do not know the specific branch, such as international wire transfers or payments to a large corporation, a universal branch code simplifies the process.
How Do I Transfer Money Using A Universal Branch Code in South Africa?
Transferring money using a universal branch code in South Africa is easy peasy. This is not something that should even give you problems or headaches. Provided you have all it is required of you, you can finish the process within blinks.
You will need the recipient’s bank details including their bank name, account number, and universal branch code. Once you have all of these, you can just start the process with either your mobile bank app or you can walk straight to your bank to complete the transaction.
What Is A Universal Branch Code In South Africa?
South African banks are given distinct codes known as universal branch codes, which are valid for all of the bank’s branches. Customers can utilize universal branch codes for transactions independent of the exact bank branch they are interacting with, in contrast to traditional branch codes, which are exclusive to that particular branch. Users no longer need to search for the precise branch code where their account is kept, which makes online banking, payments, and transfers easier. For digital and remote transactions in particular, universal branch codes streamline and expedite the banking procedure.
How Do I Find My Bank’s Universal Branch Code in South Africa?
It must be noted that most banks in South Africa provide their branch codes on their websites so that it makes it easier for their customers to have access to those codes. Without the website, there are other ways you can get your bank’s universal branch code. The codes can also be found on your bank statement. You can also call your bank directly for the code.
Can I Use A Universal Branch Code To Make Payments In South Africa
You may want to know if there is a way or an instance where you can use the universal branch code to make payments in South Africa. Well, the truth is that you can use the code to make payments. With the universal branch codes, users no longer need to search for the precise branch code where their account is kept, which makes transactions easier in recent times. The codes are used to identify the branch of the bank where the recipient has their account.
What Is The Code For Standard Banks In South Africa?
The universal branch code for Standard Banks in South Africa is 051001. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code For Absa in South Africa?
The universal branch code for Absa in South Africa is 632005. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Universal Branch Code For FNB In South Africa?
The universal branch code for FNB in South Africa is 250655. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code For Nedbank In South Africa?
The branch code for Nedbank in South Africa is 198 765. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code For Capitec Bank In South Africa?
The code for Capitec in South Africa is 470 010. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
How Do I Use A Code For Online Banking In South Africa?
To use a code for online banking in South Africa, you will need the recipient’s bank details including their bank name, account number, and universal branch code. Once you have all of these, you can just start the process with either your mobile bank app.
The process could be different depending on the bank that you are using. It is always better to check with your bank before starting the transaction.
List Of Universal Branch Codes For South African Banks FAQS
Is A Universal Branch Code Different From A Regular Branch Code?
The branch code is specific and assigned to a specific physical branch of a bank. It can be called the unique identifier.
It is mainly used to identify the exact location of the branch of the bank where the account is. It is also used to know the transactions that go on in that bank.
Traditional banking transactions, like in-branch deposits or transfers between branches, would require the branch code to ensure funds are directed to the correct location
Example: A local branch of Standard Bank in Johannesburg might have a unique branch code different from a branch in Cape Town
Whiles
These are codes that apply to all branches of a particular bank across the country. This means that, the universal branch code for Stanbic bank in Cape Town will be the same as that of Johannesburg
It simplifies online and electronic transactions by allowing customers to use the same code for any transaction, regardless of which branch they bank with.
Universal branch codes are particularly useful for online banking, mobile banking, and EFT (Electronic Funds Transfer), as they streamline the process and eliminate the need to know a specific branch code.
Example: Instead of searching for the branch code of a specific Standard Bank branch, users can use the universal branch code 051001 for all online transactions
When Should I Use A Universal Branch Code?
There will be a need for you to use a universal branch code when you are making online payments or transactions. It can be said that this makes the process seamless and simple. This is because you can use the same code for any of your accounts regardless of the branch.
During a mobile banking transaction, you will be required to use a universal branch code as it streamlines transfers and payments. More importantly, the mobile apps require the universal branch code to work.
When sending money electronically from one bank to another, the universal branch code ensures that the payment goes through without needing to identify a specific branch.
Again, you will need to use the universal branch code when paying service providers or merchants. To make the transactions easier for customers, they provide these codes so that customers will make payments with ease.
What Is The Code For Investec Bank?
The branch code for Investec Bank in South Africa is 632005. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code For African Bank?
The branch code for African Bank in South Africa is 430 000. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code Mercantile Bank?
The branch code for Mercantile Bank in South Africa is 450 905. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code For Tyme Bank?
The branch code for Tyme Bank in South Africa is 678 910. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code For Bidvest Bank?
The universal branch code for Tyme Bank in South Africa is 679 000. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code for Sasfin Bank?
The branch code for Sasfin Bank in South Africa is 683 000. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code Of The Bank of Athens?
The branch code for Sasfin Bank in South Africa is 410 506. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code For RMB Private Banks ?
The branch code for RMB Private Bank in South Africa is 222 026. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code For South African Post Bank (Post Office)?
The branch code for South African Post Bank (Post Office ) is 460 005. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code For Hollard Bank?
The branch code for Hollard Bank in South Africa is 585 001. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
What Is The Code For Discovery Bank?
The branch code for Discovery Bank in South Africa is 679 000. Although this is known to be code, it varies depending on the branches. It is advisable that customers are always encouraged to check with the website or call their banks directly for an updated code just to be safe.
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