March 29, 2024
GT Bank Swift Code for All Branches in Nigeria

GT Bank Swift Code for All Branches in Nigeria

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Everything You Need to Know About GT Bank Nigeria Swift Code – GTBINGLA

If you’re expecting to receive an international bank wire transfer into your GT Bank Nigeria account, it’s important to know the bank’s Swift code.

The GT Bank Swift BIC (Bank Identifier Code), also known as the GT Bank Nigeria Swift code, is GTBINGLA.

In this article, we will provide you with all the necessary information about GT Bank Nigeria’s Swift code, including its structure, standards, and how to use it to receive international money transfers.

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Understanding the General Structure of Swift Code

The Swift code or BIC code is composed of 8 or 11 characters that provide information about the bank and branch where the money should be transferred.

The code is structured 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)

Swift Standards, a division of The Society for Worldwide Interbank Financial Telecommunication (SWIFT), handles the registration of these codes.

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First Bank of Nigeria SWIFT Code For All Branches in Nigeria

GT Bank Nigeria Swift Code – GTBINGLA

GTBINGLA is the unique bank identifier for GT Bank PLC’s head office branch located in Lagos, Nigeria.

It’s used to verify financial transactions such as international wire transfers.

The code is valid irrespective of the branch in which you opened your GT Bank account.

Whether you opened your account in Victoria Island, Lagos, or any other location, GTBINGLA remains your GT Bank Nigeria Swift code.

How to Use GTBINGLA to Receive International Money Transfers

To receive international wire transfers, you need to provide the sender with your bank’s name, account number, and Swift code.

GT Bank Nigeria’s Swift code is GTBINGLA.

This code should be included when filling out the international wire transfer form.

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If you’re using a traditional bank to send or receive an international wire transfer, you might lose money on a bad exchange rate, which is like a hidden fee.

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.

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Conclusion

In conclusion, GTBINGLA is GT Bank Nigeria’s Swift code.

It can be used to verify financial transactions, including international wire transfers.

To receive international wire transfers, you need to provide the sender with your bank’s name, account number, and Swift code.

We recommend using TransferWise to avoid losing money on bad exchange rates.

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