ABSAZAJJCPE SWIFT/BIC Code

The SWIFT number ABSAZAJJCPE was issued by ABSA BANK LIMITED in PORT ELIZABETH.

SWIFT/BIC NumberABSAZAJJCPE
Bank NameABSA BANK LIMITED
Bank CityPORT ELIZABETH
Bank Branch(CORPORATE BANKING SERVICES - EASTERN CAPE/480)

What is a SWIFT/BIC code?

A SWIFT code (also known as BIC Code) is a standard format to uniquely identify all banks and financial institutions across the world. SWIFT codes are a standard format for Business Identifier Codes - commonly referred to as a BIC.

If you transfer money internationally you nearly always need to use a SWIFT code, as it’s the way banks and money transfer services identify where to send money on a global scale. You can think of a SWIFT/BIC code a bit like a ZIP/postal code. Your bank can use the SWIFT/BIC code to find another bank on the other side of the world. Similar to how sending a postcard to the wrong ZIP/postal code means it could get lost, the same applies for your money and the wrong SWIFT code.

What does a SWIFT/BIC look like?

A BIC/SWIFT code can be either 8 or 11 characters long:

AAAA BB CC DDD

  • AAAA: 4 character bank code.This section can only be A-Z letters.
  • BB: 2 character country code. ISO alpha-2 country code.
  • CC: 2 character location code.
  • DDD: 3 character branch code. This is optional and can be letters or digits. An XXX here would refer to the primary office.

More info about SWIFT/BIC codes

There are 2 types of SWIFT code: live and passive. Live codes are for banks who are actively connected to the SWIFT network while passive Codes are used for manual transactions. Passive SWIFT codes will have a 1 as the second digit of the 2 character location code.

SWIFT code registrations and management are the responsibility of "Society for Worldwide Interbank Financial Telecommunication" (“SWIFT”) which is located in La Hulpe, Belgium.

SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.