A SWIFT code (also known as a SWIFT-BIC, BIC code, SWIFT ID, or ISO 9362 code) is a standard format of Bank Identifier Codes approved by the International Organization for Standardization (ISO). It can also be used to exchange other messages between banks. The code is used when transferring money between banks, particularly for international wire transfers.
As a global standard for secure financial messaging, SWIFT connects more than 11,000 financial institutions in over 200 countries and territories. A SWIFT payment is an international wire transfer sent via the SWIFT international payment network.
If you're a customer of Absa Bank Kenya Plc receiving money internationally, you'll need the Absa Bank Kenya Plc SWIFT code to ensure that funds are transferred to the correct branch. It consists of 8 to 11 characters that identify Absa Bank Kenya Plc and its specific branch based on its region.
These codes identify each bank involved in the transfer process and ensure the money reaches the right destination. SWIFT/BIC codes are used to identify specific banks and branches in international money transfers, making sure your money gets to the right place.
All SWIFT codes consist of 8 or 11 characters. An 11 digit code refers to a specific branch, while an 8 digit code (or one ending in 'XXX') refers to the bank's head office.
Read also: Comprehensive SWIFT Guide
Often one financial institution will have several SWIFT codes representing different branches. The registrations of SWIFT codes are handled by Society for Worldwide Interbank Financial Telecommunication (SWIFT) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.
BARCKENX is the SWIFT code for ABSA BANK KENYA PLC. The SWIFT Code BARCKENX is 8 characters long, which indicates that this is the head office of ABSA BANK KENYA PLC.
Absa Bank Kenya Plc has 12 SWIFT codes across Kenya, each branch having a different code.
How to Find Your ABSA Bank Kenya Plc SWIFT Code
You can find Absa Bank Kenya Plc SWIFT code in a few ways:
- Check your bank statement
- Contact your Absa Bank Kenya Plc branch directly
- Look it up using an online tool.
Is SWIFT code per branch?
Yes, each bank branch may have its own SWIFT code, especially for larger banks like Absa Bank Kenya Plc. This ensures that international transfers are routed to the correct location.
Read also: Find GTBank's SWIFT Code
How can I find my Absa Bank Kenya Plc SWIFT code?
You can easily find your Absa Bank Kenya Plc SWIFT code by checking your bank statement, asking your branch directly, or looking it up using an online tool.
Do you need Absa Bank Kenya Plc SWIFT code for international transfers?
Yes, if you’re receiving or sending money internationally, you'll need the Absa Bank Kenya Plc SWIFT code. It helps make sure your funds reach the right branch.
How do I check a SWIFT code?
To check a SWIFT code, you can use an online lookup tool, contact your bank, or simply find it on your bank documents or statements.
ABSA BANK KENYA PLC Code Details
Below are the SWIFT codes for banks in Kenya. These SWIFT codes are only the active participants who are connected to SWIFT network.
| Field | Description |
|---|---|
| Bank Code (BARC) | These 4 letters represent ABSA BANK KENYA PLC |
| Country Code (KE) | These 2 letters show the country of the bank is Kenya. |
| Location Code (NX) | These 2 characters indicate the bank’s head office location. |
| Branch Code (MDR) | These 3 digits specify a particular branch. BIC codes ending in ‘XXX’, it refers to the bank’s head office. |
Breaking down BARCKENXMDR:
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- Bank Code (BARC): These 4 letters represent ABSA BANK KENYA PLC
- Country Code (KE): These 2 letters show the country of the bank is Kenya.
- Location Code (NX): These 2 characters indicate the bank’s head office location.
- Branch Code (MDR): These 3 digits specify a particular branch.
BIC codes ending in ‘XXX’, it refers to the bank’s head office.
SWIFT Payment System Explained
How to Make a SWIFT Payment
Here are the general steps on how to make a SWIFT payment:
- Collect the Recipient's Account Details: You'll need the recipient's full name, bank account number, and bank name, and in some cases, the bank's address. The recipient should provide all this information.
- Identify Your Bank's SWIFT/BIC Code: Your bank's SWIFT/BIC code is an international code that uniquely identifies your bank. They should be able to provide this to you. Make sure you double-check it to avoid any errors.
- Log in to Your Online Banking System: Most banks allow international payments to be made online. The exact location of this section varies between banks, but it's typically found in the payments or transfers area.
- Enter the Payment Details: Input the recipient's bank details, including their SWIFT/BIC code and bank account number. You'll also need to input the amount you want to transfer and select the currency you want the recipient to receive. Make sure you double-check all the information before you proceed.
- Review the Payment and Fees: Before you submit the payment, review all the details to make sure they're correct. Your bank may display the transfer fees and exchange rate for the transaction. Make sure you're comfortable with these before you proceed.
- Confirm and Send the Payment: If everything looks correct, confirm the payment. Your bank will then send the money via the SWIFT network to the recipient's bank.
- Record the payment reference: After you've submitted the payment, your bank may provide a confirmation number or payment reference. Keep this number in a safe place in case you need to track the payment or address any issues later.
Information Needed for International Transfers
When sending or receiving money internationally, ensure you have the following information:
- Recipient's Details: The name, address, and Absa Bank Kenya Plc account number of the person receiving the payment.
- Bank Details: The name, address, and SWIFT code (or BIC) of the recipient's Absa Bank Kenya Plc branch.
- Transfer Information: The currency, amount being sent, and the purpose of the transfer.
- Personal ID: Identification for both the sender and recipient.
Important Considerations Before Using a SWIFT Code
Correct SWIFT codes are crucial to avoid any issues or delays in your transfers. Before you use the SWIFT code, make sure you:
- Verify the bank: Double-check that the bank name matches the recipient's bank.
- Check the branch name: If you're using a branch-specific SWIFT code, make sure this branch matches the recipient's branch.
- Confirm the country: Banks have locations across the globe. Verify that the SWIFT code corresponds to the destination banks country.
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