Bank Sort And Swift Codes For Different Banks In Nigeria – With Yours Included

Have you ever heard of Bank Sort Codes and Bank Swift Codes? No need to worry, I will tell you what Bank Sort and Swift Codes are and what they are used for

The Nigerian banking system has grown and today it is recognized as a top global player in the economy.

The Bank Sort Code is used to ensure the proper documentation of all transactions of the banks in Nigeria. E.g fund transfers 

Bank Sort Codes are numerical characters used to identify banks in Nigeria.

Bank sort codes was first used in countries like Britain and Ireland. In early 20th century it was just two digits.

However, currently these codes have increased to nine digits. Bank Sort Codes identifies the type of bank and the branch where the bank is located.

These codes ensures that money transfers from one branch to the other of the same bank or different banks are successful.

Each bank branch has their unique bank sort code. Two banks’ branches cannot use the same sort code.The sort codes are always written on each bank’s checkbook.

Here I will be sharing top list of  banks and their sort codes.

They include the following,

1. Bank Sort Codes For Different Banks In Nigeria

2. Bank Swift Codes

 Bank Swift Codes are more familiar with freelancers and anyone who receives money in multiple currencies

Bank Swift codes ensure secure transactions when sending or receiving money across national borders.

Bank Swift Codes are characters used to identify a bank and other financial institutions anywhere in the world.

To some people it is called BIC ( Bank Identifier Code). Bank Swift Codes represents a bank and shows where it is located. That’s why SWIFT means (Society For Worldwide Inter Bank Financial Telecommunication).

Bank Swift Codes makes sending messages and transferring money across borders very easy. Especially international transfers. They are usually eight to eleven characters used in identifying a bank. 

For example; SEPA( Single Euro Payment Area) allows member countries of European Union to send and receive money in Euros

Here I will be sharing with you the Bank Swift Codes of some banks in Nigeria.

 They include the following;

A swift code usually include eight to eleven numbers. In a swift code you can identify the title, the location in a country and the branch the financial institution belongs to.

Bank Swift Codes For Different Banks In Nigeria 

You Might Also Have Questions Like;

1. What Is Routing Number?

A routing number  is a unique nine-digits. They are codes given to banks by the Central Bank of Nigeria (CBN).

The code is essential for local bank transactions. You can use routing number for making funds transfer and for receiving international payments.

2.  What Is The Difference Between Bank Sort Code And Bank Swift Code?

 Bank sort codes and swift codes are not the same.

 A bank sort code is a numerical code used to locate a bank within a country, while bank   swift codes are international bank codes used for international transactions.

3. Does Each Branch Have a Unique Swift Code?

Yes, but not every bank  branches have their own Swift codes.

 Some small branches use the  codes of their head office or  of a bigger branch. In most cases major branches or the head office are the ones that have  unique Swift codes

Conclusion

Now that you have known Bank Sort And Swift Codes For Different Banks In Nigeria,With Yours Included and what they are used for. It is important to know the exact code that works in your location.

If you feel there is something we missed out on, feel free to drop that in the comment section and if you have questions we ‘ll be glad to have them.