Institution or Bank Code:
SABM - First four characters are assigned for Bank or Institution Name.
Country Code: NG - fifth and sixth characters are assigned for Country Code.
Location Code: L1 - seventh and eight characters are assigned for Location Code
Branch Code: IBP - Last three characters indicates about primary office or branch office (XXX is for primary office)
A Swift Code or BIC is a Bank Identifier Code used to distinguish banks and their respective branches. Swift is a acronym used for (Society for Worldwide Interbank Financial Telecommunication) is also known as BIC (Business Identifier Code).These standard codes are used for international money transfer between world banks and their branches. Every Country has particular structure for Swift Code and every character in the swift code has some symbolic meaning.
Swift Codes or BIC code are used to transfer money and specially for international wire transfers or SEPA payments which are easily processed with the help of SWIFT code.
Almost every bank branch in world has some swift code of BIC code, according to which payments are processed.
No, every branch has different and unique swift codes.
IFSC codes are used to tranfer funds in India only but Swift codes are worldwide coding of banks for money transactions.
SWIFT code or BIC code are used to transfer money to different parts of world, but IBAN works for European Countries.
Swift codes are used worldwide for transactions, but routing numbers are used in United States and Canada for money transactions.
Swift Code is used all over the world but sort codes are used in United Kingdom.
Name of Country
Name of Bank or Institution
|Swift Code |
Swift Code of Bank
Bank Branch Name
Bank City Name
Bank Location and Address
|PMB 5104 LAWRENCE OMOLE WAY OMI-ASORO, OSUN STATE|
Zipcode - Postcode of Bank
Transfer Money to parts of World
|Transfer through TransferWise with very low transfer cost|
Receive Money from parts of World
|Safest delivery with no hidden fees through TransferWise|
|Location On Map - Get Driving Instructions|
TransferWise has super smart technology to transfer money Internationally, which will save your money from abroad transactions as compared to the bank transactions in the older days which charge huge hidden charges and take so many days to transfer money into your account. Do hassle free transactions with TransferWise inorder to have complete funds security and mental satisfaction that your funds will reach destination within stipulated time and have a safe delivery to your accounts. Following are the benefits of doing transactions with TransferWise:
1: Low transaction cost, much cheaper than others
2: Easy and fast money transactions.
3: Secure Bank transactions into your foreign bank accounts
4: More than 50 Currencies supported.
5: Wide network of more than 100 Countries.
6: 10 million happy customers around the globe.
7: 5 star rating and near about million reviews on TrustPilot.
1: Parents transfer University fees, Schooling fees or other expense funds to their kids abroad.
2: Business parties transfer funds to each other.
3: Persons working abroad transfer funds to their parents, relatives or family.
4: Account to Account transfer from one country to other before moving to that country.
5: Online salaries are transferred to employees by companies.
6: Freelancers work money are transferred.
7: Online Fees for any services like Legal, Visa etc.
8: Transfer your funds to family business accounts.
9: Online charities to NGO's.
10: Investors to invest money in foreign currencies.