Does anybody know what SWIFT code is needed for someone overseas to be able to send money to an Absa credit card?
There are apparently 22 different SWIFT codes for ABSA, none of them say Card Division though. I am not sure which one to use. I ended up giving the person the one listed on the ABSA site, have no idea if it will work for credit cards though - will have to wait and see.
A SWIFT code will not identify an individual account so you'd have to rely on the ref to specify it. That in turn assumes that their SWIFT system is set up to recognize this, which I doubt since pretty much all payments to CCs will go through ZA clearing.
Long story short: You'll likely end up chasing after ABSA endlessly to get them to allocate it to the CC.
Reminds me of the time a Tuks finance lady showed me a listing of incoming payments. People send thousands of Rands and then give the reference such as "study fees" or "payment" and then lose their sht when it isn't allocated to their student account.
I meddled in the future, in all possible futures, trying to create them. Instead they created me... and I became trapped by it.
http://www.theswiftcodes.com/south-africa/SWIFT code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank.
These codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the codes for exchanging other messages between them.
The SWIFT code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office.
First 4 characters - bank code (only letters)
Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
Next 2 characters - location code (letters and digits) (passive participant will have "1" in the second character)
Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits)
Major South African Banks SWIFT Codes
ABSA SWIFT Code ABSAZAJJ
FNB SWIFT Code FIRNZAJJ
Standard Bank SWIFT Code SBZAZAJJ
Nedbank SWIFT Code NEDSZAJj
Capitec SWIFT Code The foreign bank must use the Nedbank SWIFT code (NEDSZAJJ) in the "Receiver" and "Intermediary Institution" fields and Capitec Bank's SWIFT code (CABLZAJJ) in the "Account With" field to reduce the risk of delayed and lost payments
Car loan could also be paid like this if the correct references are used imo...