Access Bank Nigeria Swift Code For All Branches In Nigeria
If you want to receive a bank wire from a foreign destination into your Access Bank Nigeria account, you need to know the Access Bank swift BIC (Bank Identifier Code).
The correct swift code ensures a smooth transfer of funds from a foreign destination into your local bank account.
In fact, most international institutions or individuals will not be able to process your payments if you can’t provide the SWIFT code of your local bank.
This guide will provide you with the necessary information about Access Bank Nigeria swift code, ABNGNGLA.
You will also learn about SWIFT standards, SWIFT BIC, and how to use the code to receive international money transfers.
Understanding the SWIFT Code General Structure
SWIFT code or BIC code is made up of 8 or 11 characters that provide information about the bank and branch where the money should be transferred.
The general structure of the code is broken down as follows:
– Institution code or bank code (4 letters)
– ISO 3166-1 alpha-2 country code (2 letters)
– Location code (2 letters or digits)
– Test BIC (if the second character is “0”), passive participant (if the second character is “1”), or reverse billing BIC (if the second character is “2”)
– Branch code (3 letters or digits, optional “XXX” for primary office)
If an 8-digit code is given, it may be assumed that it refers to the primary office.
SWIFT Standards, a division of The Society for Worldwide Interbank Financial Telecommunication (SWIFT), handles the registration of these codes.
Because SWIFT originally introduced what was later standardized as Business Identifier Codes (BICs), they are still often called SWIFT addresses or codes.
Access Bank Nigeria Swift Code – ABNGNGLA
ABNGNGLA is the unique bank identifier for ACCESS BANK PLC’s head office branch located in LAGOS, NIGERIA.
It is used to verify financial transactions such as international wire transfers.
The code is valid irrespective of the branch in which you opened your Access Bank account.
So, whether you opened your account in Victoria Island, Lagos, or any other location, ABNGNGLA remains your Access Bank Nigeria swift code.
Note: Since Diamond Bank and Access Bank have now merged, it means all previous Diamond Bank customers will also have to use ABNGNGLA as their Swift Code now.
How to Use ABNGNGLA to Receive International Money Transfers
To receive international money transfers, you need to provide the sender with your bank’s name, account number, and swift code.
Access Bank Nigeria’s swift code is ABNGNGLA.
This code should be included when filling out the international wire transfer form.
If you send or receive an international wire with your bank, you might lose money on a bad exchange rate, which is like a hidden fee.
That’s because the banks still use an old system to exchange money. To avoid losing money, we recommend you use TransferWise, which is usually much cheaper.
TransferWise’s smart technology gives you a great exchange rate and a low, upfront fee every time.
TransferWise moves your money as fast as the banks, and often faster – some currencies go through in minutes.
It also protects you with bank-level security. With TransferWise, you can serve 47 currencies, 70 countries, and over 5 million customers.
In summary, ABNGNGLA is Access Bank Nigeria’s swift code. It is the unique bank identifier for ACCESS BANK PLC’s head office branch located in LAGOS, NIGERIA. The code is used to verify financial transactions and so much more.