Swift Code ZEIBNGLAXXX also known as BIC Code is a unique bank identifier of ZENITH BANK PLC and it's used to verify financial transactions such as a Bank Wire Transfers (International Wire Transfers).
The Bank Swift Code provides information about the bank and branch where the money should be transferred. Being able to check information about the Swift Code will provide you with the proper information necessary to make or receive payments. Some of the 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 unique swift code directory provides businesses and individuals with an easy way to avoid bank transfer and money transfer mistakes.
On this page you will find detailed information on bic code ZEIBNGLA for ZENITH BANK PLC. This swift code follows the same general structure as mentioned in the next section. For a detailed breakdown analysis of bic code ZEIBNGLAXXX, scroll towards the bottom of the page for specific details.
Swift Code General Structure
The SWIFT code (BIC code) consists of 8 or 11 characters. As an example let's take the following imaginary swift "AAAABBCCDDD". This can be broken down as follows:
The first 4 characters - 4 letters ("AAAA"): Institution Code or bank code - This code is used to identify the institution’s global presence (all branches and all divisions around the world).
The 5th and 6th characters - 2 letters ("BB"): This represents the ISO 3166-1 alpha-2 country code. As an example, "US" stands for "United States", "GB" for "United Kingdom", "DE" for "Germany", CA for "Canada", etc.
The 7th and 8th characters - 2 letters or digits ("CC"): This represents the location code. For example, "FF" is the location code for "Frankfurt", "KK" is the location code for Copenhagen, and so on. Also the second character (8th in the BIC code) sometimes carries this information: 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.
The 9th to 11th characters - 3 letters or digits ("DDD"): These final three characters form a "branch code" that points to a specific branch of the banking institution. If this section is missing or is (optionally) filled by "XXX", then we are dealing with an 8-character swift code which implies this is a PRIMARY (also know as Head Office) of the financial institution. The typical naming convention is that in the case we are referring to the main offices of an a financial institution, this branch code is "XXX".
