How to Find Your Bank SWIFT Code
A SWIFT code is an international banking identifier used to identify a bank when processing certain cross-border payments. If you are sending or receiving money internationally through a Nigerian bank, you may be asked to provide the bank’s SWIFT or BIC code.
What Is a SWIFT Code?
A SWIFT code, also called a BIC, identifies a particular bank or financial institution in international payment networks. It is different from your Nigerian bank account number and should not be used in place of it.
How to Find Your Bank’s SWIFT Code
- Check your bank’s official website for its international banking information.
- Look at your bank statement or other official account documents.
- Contact your bank’s customer service department.
- Ask your bank branch for the SWIFT or BIC code used for international transfers.
- Confirm the code with the sender’s bank before an international payment is initiated.
Where Can You Find a SWIFT Code?
| Source | What to Check |
|---|---|
| Bank website | International transfer or correspondent banking information |
| Bank statement | International banking details where provided |
| Customer service | Ask for the current SWIFT or BIC code |
| Bank branch | Request the code used for receiving international payments |
| Receiving bank | Confirm the exact details required for the transfer |
Is a SWIFT Code the Same as an Account Number?
No. The SWIFT code identifies the bank or financial institution for international payment processing, while the account number identifies the customer’s individual account.
How Long Is a SWIFT Code?
A SWIFT or BIC code normally contains either 8 or 11 characters. The characters identify the institution and location, while an 11-character version can include an additional branch identifier.
What Information May Be Needed for an International Transfer?
Depending on the payment, you may need the recipient’s full name, account number or other account identifier, bank name, SWIFT or BIC code and additional information requested by the sending or receiving bank.
Check the Code Before Sending Money
Do not rely on an old SWIFT-code list when making an international transfer. Banks can change their correspondent banking arrangements or payment instructions. Confirm the current details directly with the receiving bank before sending the money.
If you are receiving money from abroad into a Nigerian bank account, ask your bank for its current international transfer instructions so you provide the sender with the correct information.
