The FNB Universal Branch Code is 250 655. This code is particularly useful when you wish to make an EFT payment to an FNB account holder.
In this article, we are going to take a look at what is the FNB Branch Code, and why FNB has a Universal Branch code. Also, we will discuss when it is ideal for you to use the universal branch code.
Let’s begin with the FNB Branch Code. Branch Codes are unique identifiers of financial institutions in South Africa. They are used when processing bank account payments.
FNB has many branches throughout South Africa and each branch will have its own code referred to as a FNB branch code. Each branch is differentiated by its branch code.
Next, let’s take a look at the FNB Universal Branch Code. This is a user-friendly code offering a single code for all the branches of a bank. For example, the Universal Branch Code of 250 655 can be used for all FNB branches.
In summary, branch code applies to a specific FNB branch only and universal branch code applies to every FNB branch.
When Should You Use The FNB Universal Branch Code?
You can use the universal branch code whenever you are doing an online payment to any FNB account holder.
It is especially ideal in situations when you don’t know the specific branch code for the account holder.
The good news is that, most banks’ online payment platforms will automatically give you the universal branch code of different banks.
You can save yourself time by using the given universal branch code rather than spending some time to obtain a specific branch code.
Will using a universal branch code delay your payment? Not at all. The turnaround time of the payment will remain the same whether you use a branch code or universal branch code.
What if you have the specific branch code with you? If you have the branch code you can use that one in place of the universal code.
What can you do if you don’t have the branch code and you feel more comfortable using a branch code over the universal branch code? To use a specific branch code you can use FNB’s branch locator tool to get the correct branch code.
Alternatively, you can call customer care and ask for the specific branch code you need. To get the contacts details see article FNB contact number.
Benefits of Using FNB’s Universal Branch Code
- Simplicity: With a single universal branch code, FNB simplifies the banking process for customers, eliminating the need to remember multiple codes for different branches.
- Convenience: Whether you’re banking online, via mobile app, or in-person at a branch, FNB’s universal branch code ensures seamless transactions across all channels.
- Efficiency: By streamlining transactions, FNB’s universal branch code saves time and effort for customers, allowing them to complete transactions quickly and conveniently.
- Accessibility: FNB’s universal branch code is accessible to all customers, making it easy for anyone to conduct banking transactions with ease, regardless of their location or banking preferences.
FNB SWIFT Code
What is a SWIFT code? A Society for Worldwide Interbank Financial Telecommunication (SWIFT) code is used to identify a specific bank during an international transaction.
In addition to the SWIF code you get an IBAN. What is it? An International Bank Account Number (IBAN) is used to identify an individual account involved in the international transaction.
The FNB SWIFT code is FIRNZAJJ. This also works in conjunction with international payments.
Key Takeaways: FNB universal branch code vs FNB SWIFT Code
The FNB universal branch code is 250 655. It is known as a generic or common branch code. It is a unique code that is assigned to FNB for all of its branches countrywide.
This is used when doing local payments.
On the other hand, FNB SWIFT code is used to identify a specific bank (FNB in this case) during an international transaction.
An IBAN is used to identify an individual account involved in the international transaction.
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