Access Bank Swift Code

Access Bank Swift Code

ABNGNGLA XXX – SWIFT Code (BIC) – ACCESS BANK PLC in LAGOS – NIGERIA

BIC / Swift Code ABNGNGLA is the unique bank identifier for ACCESS BANK PLC‘s head office branch located in LAGOS – NIGERIA and it’s used to verify financial transactions such as a bank wire transfers (international wire transfers).

The bic / swift code provides information about the bank and branch where the money should be transferred. Being able to check information about the code will provide you with the proper information necessary to make or receive payments. Some banks and their associated branches benefit from an address listing which provides you with the means to match swift codes with financial institution office address.

This bic / swift code directory provides businesses and individuals with an easy way to verify bank details and avoid international money transfer mistakes.

International Money Transfers

When you send or receive an international wire with your bank, you might lose money on a bad exchange rate, which is like a hidden fee. That’s because the banks still use an old system to exchange money. We recommend you use TransferWise, which is usually much cheaper. TransferWise’s smart technology:

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Swift Code General Structure

The SWIFT code / BIC code is made up of 8 or 11 characters, broken down as follows:

  • 4 letters: Institution code or bank code.
  • 2 letters: ISO 3166-1 alpha-2 country code
  • 2 letters or digits: location code
    • if the second character is “0”, then it is typically a test BIC as opposed to a BIC used on the live network.
    • if the second character is “1”, then it denotes a passive participant in the SWIFT network
    • if the second character is “2”, then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
  • 3 letters or digits: branch code, optional (‘XXX’ for primary office)

Where an 8-digit code is given, it may be assumed that it refers to the primary office.

SWIFT Standards, a division of The Society for Worldwide Interbank Financial Telecommunication (SWIFT), handles the registration of these codes. Because SWIFT originally introduced what was later standardized as Business Identifier Codes (BICs), they are still often called SWIFT addresses or codes.

Please remember to always confirm the correct swift code with the bank or recipient before sending or receiving any money.
ACCESS BANK PLC – ABNGNGLA – Swift Code Details
SWIFT CODE
ABNGNGLAXXX

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SWIFT CODE
(8 characters)
ABNGNGLA
BANK NAME ACCESS BANK PLC
BRANCH Primary Office
BRANCH CODE XXX
CHIPS UID 418553
COUNTRY NIGERIA (NG)
CITY LAGOS
ADDRESS 999C DANMOLE STREET, OFF IDEJO STREVICTORIA ISLAND
ZIP / POSTAL CODE
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Money Transfer Save on international fees by using TransferWise, which is up to 8x cheaper than SWIFT transfers.

Swift Code ABNGNGLAXXX Breakdown

No. meaningful digits:
– The short 8-letter swift refers to the PRIMARY Office of ACCESS BANK PLC
Institution / Bank Code:
ABNG – This is the institution / bank code assigned to ACCESS BANK PLC.
Country Code:
NG – This is the 2-letter country code associated with NIGERIA (NG).
Location Code:
LA – This represents the location code and the second digit/character has a value of “A”. See swift code general structure explanation above for details.
Branch Code:
XXX – This branch code value means this is the Primary Office (or Head Office) branch for ACCESS BANK PLC (this branch code is optional).

Are You Sending Money Overseas?

Did you know the most cost effective way to transfer funds overseas is typically not through your bank. That’s why we recommend you use OFX, as they can save you up to 3% of the amount you transfer overseas over your banks exchange rate. That’s a saving of up to $3,000 on a $100k overseas property purchase or up to $300 saving on a $10k foreign currency invoice. With OFX you get:

  • $0 OFX transaction fees on transfers over $250
  • Special discounted exchange rate margin of 0.65% or less on all major currency transfers
  • Dedicated account manager to help you with your international transfers via phone, app, or online 24/7
  • Access to risk management tools through Limit Orders and Forward Exchange Contracts through your business account to build a tailored currency strategy
  • OFX have helped over 1 million customers, transfer over $150 billion to 190 countries across 55 different currencies. Learn more.

International Bank Account Number (IBAN)

Europe, Middle East and Caribbean countries have adopted the use of International Bank Account Number (IBAN) for international funds transfers. Remember to use IBAN if you are doing fund transfer to countries in these regions.

An IBAN account number format consists of up to 34 alphanumeric characters so it would be wise to validate the IBAN number prior to making international funds transfers.

IBANs don’t replace sort codes or account numbers. They are used to identify individual bank accounts for both incoming and outgoing international money transfer transactions whereas SWIFT code / BIC codes are mainly used to identify a specific bank during an international transaction.