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Rate Date : 22/02/24
General Information About South Africa Bank Branch Code
What is Bank Branch Code in South Africa?
Bank Branch Code is a unique identification code that helps to identify each individual bank specific branch in south africa. This unique code used to send & receive domestic payment accross South Africa.
Now, here is two types of branch code - Universal or generic bank branch code & Individual Bank Branch Code. The difference is -
Individual Bank Branch Code: A branch code of a bank basically representing the area of the branch where that branch is located. it is a unique identification number associated with each and every branch of a particular bank or financial institution.
Universal or Generic Bank Branch Code : This is a singal & universal code for all the bank branches of a particular bank. You can use this universal branch code on any transaction no matter what branch a bank account is held. As far as banking concerned It's a user friendly solution & also when it comes to online transactions universal branch code make online fund transfer easier. However the downside of Universal bank branch code is - till now most of the banks offer universal bank branch code but some other financial institutions don’t make use of this universal branch code option.
Universal or Generic Bank Code List
List of all South Africa Bank Universal Branch Code
|Universal Bank Code
|Bank of Athens
|First National Bank / FNB
|SA Post Bank (Post Office)