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Universal Branch Codes–FNB, Standard Bank, Nedbank, ABSA.

Universal Branch Codes–FNB, Standard Bank, Nedbank, ABSA.
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.

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Source: HR Forum News

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