| Capitec Universal Branch Code |
470010 |
| Capitec SWIFT Code |
CABLZAJJ |
| Bank Name |
CAPITEC BANK LIMITED |
| Bank Branch |
CAPITEC BANK CPC |
Capitec Bank’s universal branch code is 470010, and its SWIFT code is CABLZAJJ.
The universal branch code simplifies transactions within South Africa, allowing you to use a single code for all branches. The SWIFT code is essential for international transactions, ensuring that funds are accurately directed to Capitec Bank.
When receiving international payments, provide the sender with your 10-digit Capitec account number and ensure that Capitec’s SWIFT code (CABLZAJJ) is included in the payment instructions. This ensures that funds are correctly routed to your account.
What is Universal Branch Code
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- A universal branch code is a single code that can be used for all branches of a bank.
- It simplifies transactions because you don’t need to enter a specific branch code.
- Capitec’s Universal Branch Code: 470010
SWIFT Code (Society for Worldwide Interbank Financial Telecommunication)
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- A SWIFT code is an internationally recognized identification code for banks.
- It is used for international transactions to ensure funds are routed correctly.
- Typically, a SWIFT code consists of 8 to 11 characters:
- First 4 characters: Bank code
- Next 2 characters: Country code
- Next 2 characters: Location code
- Last 3 characters (optional): Branch code
- Capitec’s SWIFT Code: CABLZAJJ
- CABL = Capitec Bank
- ZA = South Africa
- JJ = Location identifier
Bank Name
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- The name of the financial institution where the account is held.
- Capitec Bank Limited is a South African retail bank known for its low-cost banking services.
Bank Branch
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- A bank branch refers to a physical location of a bank where customers can carry out financial transactions.
- Since Capitec uses a universal branch code, customers can use the same branch code for any branch.
Conclusion
Understanding key banking terms like Universal Branch Code, SWIFT Code, Bank Name, and Bank Branch is essential for smooth financial transactions. Capitec Bank’s universal branch code (470010) allows for convenient transactions across all branches in South Africa, eliminating the need for individual branch codes. The SWIFT code (CABLZAJJ) is crucial for international transactions, ensuring that funds are correctly routed to Capitec Bank Limited. By knowing these details, individuals and businesses can efficiently manage both local and international banking transactions.
