Branch codes and background information on South Africa’s premier banking institutions
Understanding banking branch codes
These are important numbers that are frequently used in banking, particularly on the internet. These numbers, which are specific to individual branches of various banks, habitually make up part of individual account numbers, and serve as an individuality code that is used in financial transfers.
This helps to avoid money being sent to the wrong branch, making branch codes very helpful for financial transactions.
All countries have different formats for their branch codes, which are usually allocated by a central banking authority or bankers association. Some countries also make use of International Bank Account Numbers (IBAN) numbers.
Most bank codes are easily accessible online.