Bidvest Bank South Africa : Swift And Branch Codes
Bidvest Bank South Africa : Swift And Branch Codes
Bidvest Bank, is a commercial bank in the Republic of South Africa. It is licensed as a “locally-controlled bank” by the Reserve Bank of South Africa, the national banking regulator. It is a niche bank specialising in foreign exchange and providing retail banking, vehicle financing and insurance.
Breif History About Bidvest Bank South Africa
In 1998, the Bidvest Group acquired Rennies Foreign Exchange, as part of the acquisition of the Rennies Group.
In 2000, following the issuance of a banking license by the South African Reserve Bank, Rennies Foreign Exchange became Rennies Bank.
In 2007 Rennies Bank rebranded into Bidvest Bank. The bank maintains over 140 retail banking outlets across South Africa. It is still heavily involved in meeting the banking needs of traveling businesspeople and tourists, but has a variety of retail banking products on its menu.
Universal Branch Code for Bidvest Bank South Africa
The Bidvest Bank universal code is 462 005 and is used by all of its branches to carry out transactions regardless of the branch where the customer opened the account. The introduction of the universal code is considered a user-friendly move because it makes transactions easier and faster for customers using the online banking platform. With this code, customers are not mandated to have the various branch codes before a transaction can be approved. The use of this code has also reduced the mistakes of wrong transactions.
Bidvest Bank South Africa Swift Code
Below is a table showing Bidvest Bank branch code, BIC analysis & SWIFT code, Bidvest Bank bank address, and Bidvest Bank branches contacts.
| Bidvest Bank | Details |
|---|---|
| Universal Branch Code | 462 005 |
| Routing Number* | |
| SWIFT Code | BIDBZAJJ |
| Bank Address | 1 Park Ln, Wierda Valley, Sandton, 2196, South Africa |
| Registered Address | 1 Park Ln, Wierda Valley, Sandton, 2196, South Africa |
| Email Address | servicecentre@bidvestbank.co.za. |
| Reuters Code | BIDJ |
| City | Sandton,Johannesburg |
| Bank Telephone | +27 860 111 177 |
| International call centre | +27 11 407 3103 |
| Service Centre of Excellence | 0860 11 11 77 |
| Fleet Finance and Management™ | 0860 102 499 |
What Are The Uses Of Bidvest South Africa Universal Branch Code
- Bidvest universal branch code is used to curb financial fraud and banking risks locally and internationally.
- The South African Reserve Bank can use it to track any transactions or find the bank and branch that authorized certain transactions.
- It is also useful in tracking international transactions to protect the global economy. Excess fraudulent activities within various South African banks are capable of causing a downslope to the country’s economy. With the universal code, this will be caught before it happens.
Bidvest Bank South Africa Branch Codes
A branch code is a unique identifying code for a given branch of a bank. Each branch of a bank is differentiated by its branch code. These branch codes are known by various different names across the globe.
Differences Between A Universal Branch Code and The Branch Code
The two are used for similar occasions but at different levels…Thus All branches can use the universal branch code to carry out transactions regardless of their location. Where as Branch code is used for internal transactions within a particular branch.
Full List Of Bidvest Bank Branch Codes In South Africa
| BRANCH NAME | ADDRESS | CITY | BRANCH CODE |
|---|---|---|---|
| BIDVEST BANK | 11TH FLOOR RENNIE HOUSE 19 | GAUTENG | 462005 |
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