Absa Bank Kenya Plc Swift Code for Secure Global Payments

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Having the correct Absa Bank Kenya Plc Swift Code is essential for secure global payments.

The Absa Bank Kenya Plc Swift Code is BARCKENX.

This unique code ensures that your transactions are processed accurately and efficiently.

To make a secure global payment, you'll need to use the correct Absa Bank Kenya Plc Swift Code.

Absa Bank Kenya

Absa Bank Kenya has a rich history dating back to 1916 as the National Bank of South Africa. It has undergone several transformations, including a merger with Anglo-Egyptian Bank in 1925, and was licensed by the Central Bank of Kenya in 1953.

The bank has a significant presence in Kenya, with numerous employees serving on its different branches scattered all over the country. This has enabled the bank to offer exceptional services to its clients.

Absa Bank Kenya offers a range of services, including personal banking, premier banking, business banking, and corporate banking. These services are customized for different customer groups.

Here are the services offered by Absa Bank Kenya:

  • Personal banking
  • Premier banking
  • Business banking
  • Corporate banking

The bank's commitment to finding local solutions to local challenges has been its most successful strategy in the competitive market. This approach has helped the bank maintain its market grip and serve Kenyans effectively.

Swift Code Information

Credit: youtube.com, How To Find ABSA Branch And Swift Codes

Having the right SWIFT code is crucial for smooth international transactions. Always double-check with the recipient before sending money to ensure you have the correct SWIFT code.

It's worth noting that ABSA BANK KENYA PLC may have multiple SWIFT codes representing different branches.

You can find the list of correspondent banks of ABSA BANK KENYA PLC in the Standard Settlement Instructions (SSI) for each currency.

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What Is a Code?

A SWIFT code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers.

SWIFT codes are used to move money around the world via international bank transfers. For instance, if you want to send money to ABSA BANK KENYA PLC, you would need the SWIFT code BARCKENX, plus the recipient's IBAN number.

A SWIFT code is formatted as follows: AAAABBCCDDD. This code is broken down into specific parts, including the bank code, country code, and branch code.

Credit: youtube.com, What Is a SWIFT Code / BIC Code and How Does It Work? | N26

Here's a breakdown of the SWIFT code format:

  • First 4 characters - bank code (only letters)
  • Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
  • Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)

SWIFT codes comprise of 8 or 11 characters, with 11 digit codes referring to specific branches and 8 digit codes referring to the head or primary office.

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Other Swift Codes

You might be surprised to know that ABSA BANK KENYA PLC has multiple SWIFT codes, each representing different branches.

Double-checking with the recipient is crucial to ensure you're sending money to the right branch, as financial institutions may have several different SWIFT codes that differ by just a few letters or numbers.

If you're unsure which SWIFT code to use, it's always best to ask the recipient or check the Standard Settlement Instructions (SSI) for the list of correspondent banks of ABSA BANK KENYA PLC for each currency.

Frequently Asked Questions

Is SWIFT code same for all branches?

SWIFT codes can be the same for all branches or unique to each branch, depending on the bank. Check the bank's head office code as a safe default option.

Lola Stehr

Copy Editor

Lola Stehr is a meticulous and detail-oriented Copy Editor with a passion for refining written content. With a keen eye for grammar and syntax, she has honed her skills in editing a wide range of articles, from in-depth market analysis to timely financial forecasts. Lola's expertise spans various categories, including New Zealand Dollar (NZD) market trends and Currency Exchange Forecasts.

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