What is Equity bank Swift Code and What Is The Use?

0
31
Equity bank swift code

The Equity bank swift Code is EQBLKENA

If you want to get again, the code is EQBLKENA

So what is a bank swift code?

A SWIFT code (sometimes also called a SWIFT number) is a standard format for Business Identifier Codes (BIC). It’s used to identify banks and financial institutions worldwide.

It says who and where they are — a sort of international bank code or ID. These codes are used when transferring money between banks, in particular for international wire transfers or SEPA payments. Banks also use these codes to exchanging messages.

In most cases it looks like a shortened version of the Bank name. If you look at the swift bank code for equity above, you can easily read the word Equity Bank Limited Kenya.

How are Bank Swift Codes used?

In a nutshell bank swift codes are Bank Identifier Codes (BIC). A SWIFT code is usually used during international bank wire transfers.

However, these codes may also make you pay a higher rate, depending on the ongoing rates at the time of the transaction.

How is an Equity bank swift code different from a bank code?

Bank codes unlike swift codes; identify each branch of a bank in Kenya. For example equity has so many branches; the bank code for Equity is 68. So a branch would have the code 68015, in this it case represents Mama Ngina Equity in Nairobi. One of the many Equity branches in Nairobi.

Conclusion

It is easy to get swift codes on your bank transactions; all you need to do is look closer. Without them money transfers between countries would be almost impossible.

Be on the lookout for;

  • KCB Swift Code.
  • NIC Swift Code
  • Co-operative Swift code.
  • Family swift code.

Was this article helpful? If so share it with family and friends and remember to leave you comments below?

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here