Are you planning an international money transfer to or from Capitec Bank? Then learning the Capitec SWIFT code and bank address is important.
The Capitec swift code is CABLZAJJXXX and the bank address is Floor 5, Ikhaya, 5 Neutron Road, Stellenbosch.
In this guide, we’ll break down how the SWIFT code for Capitec Bank works.
What is a SWIFT Code?
A SWIFT code, also known as a Business Identifier Code (BIC), is a standardized format used by banks globally to identify themselves.
It’s like an international bank ID, telling you who the bank is and where it’s located.
When it comes to international money transfers or SEPA payments, SWIFT codes play a vital role.
They are also utilized for secure communication between financial institutions.
Capitec Bank SWIFT Code Breakdown
Let’s decipher the CABLZAJJXXX SWIFT code for Capitec Bank Limited:
- SWIFT Code: CABLZAJJXXX
- Bank Name: Capitec Bank Limited
- Bank Code (4 letters): CABL
- Country Code (2 letters): ZA (South Africa)
- Location Code (2 characters): JJ (Stellenbosch)
- Branch Code (3 digits): XXX (Head Office)
- Capitec Bank Limited Branch Details
- Branch Name: Capitec Bank Limited
- Branch Address: Floor 5, Ikhaya, 5 Neutron Road, Stellenbosch
- City: Stellenbosch
- Country: South Africa
Understanding the SWIFT/BIC Structure
A SWIFT/BIC is an 8-11 character code that provides comprehensive information:
- Bank Code (A-Z): Represents the bank, usually a shortened version of the bank’s name.
- Country Code (A-Z): Signifies the country where the bank is located.
- Location Code (0-9, A-Z): Two characters indicating the bank’s head office location.
- Branch Code (0-9, A-Z): Three digits specifying a particular branch; ‘XXX’ represents the bank’s head office.
Why It Matters
Knowing the SWIFT code ensures your money reaches the right destination swiftly and securely. Whether you’re sending or receiving funds internationally, having accurate details minimizes the risk of delays and errors in the transaction process.
In conclusion, with the Capitec SWIFT code and branch details, you’re equipped to handle international transactions seamlessly through Capitec Bank Limited. Stay informed, and enjoy hassle-free banking experiences!
Remember, always verify the information before initiating any transactions to ensure accuracy.
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