How to Find and Use Capitec Branch Code, Universal Code and Swift Code
Capitec Bank also has a Swift Code, otherwise called a Bank Identifier Code (BIC), which is used to identify your account’s country, bank, and branch during transactions. It is used mainly for international transactions to avoid making transactions to the wrong accounts. So whenever you are making a transaction and a BIC is required, just bear in mind that it is the same thing as your Swift Code.
Just like the Capitec universal branch code, the Swift Code is the same for all Capitec bank branches. Capitec Swift Code is an 8-character code made up of a bank code, a country code, a location code, and a branch code. The Capitec Bank Swift Code is CABLZAJJ-XXX.
What To Do if You Use the Wrong Bank’s Code
You should try as much as possible to avoid making the mistake of using another bank’s code for your transactions. In a situation where you have made such a mistake, you should call your bank as soon as possible to see if the situation can be salvaged and your transfer order reversed.
And in a situation where the transaction cannot be reversed, you would have yourself to blame for using an inappropriate code. These codes were established to make online transfers easier with minimized errors. So using the wrong code will be like thwarting their purpose.
