Standard Bank Clearing Code
When receiving money into your Standard Bank account from abroad, you may be asked to provide the bank’s clearing code for South Africa. A lot of people have been making international transfers both to and from the country. That’s not really surprising, considering how linked the whole world has become. A lot of South Africans now work abroad, and they send money back home to friends and family. So, what is the bank’s clearing code for South Africa?
South African national clearing code Standard Bank
The Standard Bank national clearing code for South Africa is 051001. This is actually the universal code for all of the bank’s branches in the country. When you use this code, money will be directed to the correct account in the correct branch.
What other information is required when receiving money from abroad?
We have already noted that a lot of South Africans have been receiving money from abroad, which is indicative of the fact that many people from the country now work abroad. When you send money to Standard Bank in South Africa, you need to make sure that you have provided the correct information. The following is information that is required;
- You will be asked to provide the Standard Bank swift code
- Also needed is the account number to which money is sent
- You may also be asked to provide the account type. The most popular types are cheque and savings accounts
- Personal details of the person to whom money is being set, such as their name and address
Summary
In this article, we provided you with the Standard Bank clearing code for South Africa. This is a code that is required when sending money to a Standard Bank account in the country from abroad.
It was noted that many South Africans are now living and working abroad. Many more work online and they receive money from abroad. In all these case, the clearing code may be one of the details required to make the transfer successful.
A Standard Bank account has how many digits?