What is GTBank Swift Code?
Swift Code is a unique format of Bank Identifier Codes (BIC). In simple terms, a swift code is a code used in identifying the country, bank and branch that an account is registered to. The full meaning of SWIFT is Society for Worldwide Interbank Financial Telecommunication. Swift is a registered trademark of S.W.I.F.T. SCRL with headquarters at La Hulpe, Belgium, near Brussels.
The society provides a network which enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. They are also responsible for handling swift code registration. Every bank has its swift code including GTBank.
Are you sending or receiving money from abroad? You’ll need your bank’s Swift Code. The codes are important in transferring money from one account to the other, most especially in international money transfer. The Swift Code also helps to hasten the international transfer.
In the absence of Swift Code, the transaction may not proceed or may be delayed, hampering your banking experience. Besides money transfer, the Swift Code enables banks communicate with themselves through messages. Messages sent by Swift Code seems more secured than the ones sent via other means. With Swift Code, you can easily recognise the message source.
The Swift Code is made up of 8 to 11 characters. The main office of the bank uses 8 digits. The first four characters are written together followed by a space. The next two digits are also written together like the first four digits. The next two characters are written together followed by another space before the last two characters are written, totaling 11 characters.
The first four characters denote the bank code which are mainly the bank’s initials.The next two characters is the country code where the bank is located. The country code is usually represented by letters. The next two characters stand for the Location code or City Code, where the bank has its head office situated.
The location code is represented by a blend of digits and letters. The last three characters indicates the branch code. Though this code is optional hence the Swift Code being 11 or 8 characters. Presently, there are approximately 40,000 “live” codes that are in partnership with the Swift network.
What is the Full GTB Swift Code?
The swift code of Gtbank plc is “GTBINGLA”. The code can be divided into GTBI-NG-LA.
The first 4 characters – GTBI – is the bank’s code which is Guaranty Trust Bank Plc, represented by the initials.
Next 2 characters – NG – is the country code which of course, in this case, is Nigeria.
The Last 2 characters – LA – is the Location or city code which is Lagos because Gtb has their head office at 635, Akin Adesola Street, Victoria Island, Lagos State.
To get your full GTBank Swift Code, it’s advisable you visit the nearest bank branch or call your account manager or the phone numbers displayed on GTBank Official website. The codes can sometimes be seen on account statements. Irrespective of the branch you opened your account, local area or state in Nigeria, Swift Codes are the same for every state and branches.
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