What is the Absa Swift code? It’s a question that people looking to send money to ABSA South Africa accounts from abroad will be asking themselves. The Swift or BIC code is something that is needed whenever money is sent from abroad. There are also other requirements that we will outline later in this post. But what is the Absa BIC?
What is the Absa BIC
The Absa Swift code BIC is ABSAZAJJ. That’s the number to be used by anyone looking to send money to an Absa South Africa from outside the country.
What else do I need?
That’s the Absa Swift code. But what else is required when sending money into an Absa account from a bank in another country? The following are the requirements;
- The Absa beneficiary account number
- Name of the beneficiray
- Their address
- The Absa clearing code.
What is a Swift code?
Now that you know about everything that is needed when sending money into an Absa account from outside South Africa, it’s time to briefly take a look at what a BIC is.
In essence, every bank across the globe has a unique identifier, which is referred to as the BIC or Swift code. BIC stands for Bank Identity code.
This code allows money to find its way to the right bank when send from outside. Absa South Africa has the same Swift code across all branches. The same applies for all the other banks in the country.
The Swift payment system allows money to be transferred across the globe electronically.
In this article, we showed you the Absa Swift code. We noted that every bank in the world has a Swift code or BIC. This is used as a unique identifier, allowing money to be sent from one country to the other. All that happens electronically and in a matter of minutes. We also gave you everything that is needed to receive money from abroad into your Absa account.
Here are the Absa customer care number