Universal Branch Codes–FNB, Standard Bank, Nedbank, ABSA. |
Universal branch codes or generic branch codes serve the same purpose. By standardising and speeding up banking procedures, laws about the use of these codes, ushered in a new era for the country's financial sector.
They protect your funds and decrease the likelihood of a mistaken transfer happening. These identifiers ensure that money is sent to the correct bank and branch.
It is worth noting that, you can use the universal branch codes for all transactions regardless of the branch of the bank you created your account, since it is a universal code that applies to all of the bank's locations. The branch codes on the other hand, is used to identify the location of that branch.
Notable banks such as FNB, Standard Bank, Nedbank and ABSA just to mention a few, all have universal branch codes, which this article will highlight.
Your bank transactions will still be tracked correctly when you use the universal branch code while making online payments. Below are the universal branch codes of FNB, Nedbank, Standard Bank and ABSA:
FNB |
250
655 |
ABSA
Bank |
632
005 |
Nedbank |
198
765 |
Standard
Bank |
051
001 |
Capitec
Bank |
470
010 |
Bidvest
Bank |
462
005 |
Investec |
580
105 |
Bank
of Athens |
410
506 |
SA
Post Bank (Post Office) |
460
005 |
African
Bank |
430000 |
Tyme
Bank |
678910 |
I believe this article on universal branch codes of FNB, Standard
Bank, Nedbank and ABSA has been helpful. Thank you for reading. XOXO.
Also Read:
30+ notable proverbs of A.B.A Fuseini.
30+ notable proverbs of A.B.A Fuseini. Who hasn't at some point in their speech employed a proverb? Everybody has! We often use proverbs in our…
Read moreSource: HR Forum News
0 Comments