Capitec Bank South Africa: Transactions with Swift & Branch Codes
Capitec Bank South Africa is a South African retail bank. As of August 2017 the bank was the second-largest retail bank in South Africa, based on number of customers, with 120,000 customers opening new accounts per month.
Overview Of Capitec South Africa
The bank maintains 500 retail branches nationwide, 3418 own or partnership ATMs and has over 6.2 million customers, according to the 2015 Chief Financial Officer’s Report. Of these customers, 309 000 are online banking customers and 3.5 million are mobile banking customers.
According to the annual results for the 2015 financial year, the asset base of Capitec Bank was in excess of R53.9 billion, with R11.6 billion in equity, and with retail savings deposits increasing by 32 percent for the year to R19.3 billion and retail fixed savings increasing by 19 percent to R10.7 billion for the year.. Earnings and headline earnings for the 2015 financial year amounted to R2.547 billion compared to R2.017 billion in 2014, and net transaction fee income amounted to R2.6 billion.
The bank offers its clients the Global One account, which is a transacting/savings account and credit facility rolled into one.
Universal Branch Code for Capitec South Africa
The Capitec universal code is 470010 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.
Capitec South Africa Swift Code
Below is a table showing Capitec branch code, BIC analysis & SWIFT code, Capitec bank address, and Capitec branches contacts.
| Capitec Bank | Details |
|---|---|
| Branch Code | 470010 |
| Routing Number* | 470010000 or 198765 |
| SWIFT Code | CABLZAJJ |
| IBAN | Capitec Bank account number and 470010 (e.g., 123456789’0470010′) |
| Bank Address | 10, Quantum Road, Techno Park, Stellenbosch |
| Registered Address | 5, Neutron Road, Techno Park, Stellenbosch |
| Postal Address | PO Box 12451 |
| City | Western Cape |
| Company Secretary | Yolande Mouton |
| Bank Contact | +27-21-941-1377 |
| Customer Service | +27-86-010-2043 |
| Loan Request | +27-86-066-7789 |
| Bank Fax | +27-21-880-1845 |
What Are The Uses Of Capitec South Africa Universal Branch Code
- Capitec 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.
Capitec 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 Investec Branch Codes In South Africa
| Capitec Bank Branch | Capitec Branch Code |
|---|---|
| Bloemfontein | 470010 |
| Bronkhorstspruit | 470010 |
| Cape Town | 470010 |
| Durban | 470010 |
| Johannesburg | 470010 |
| Middelburg | 470010 |
| Port Elizabeth | 470010 |
| Rustenburg | 470010 |
| Soweto | 470010 |
| Springs | 470010 |
| Tripoli | 470010 |
Don’t miss out on current updates, kindly like us on Facebook , Follow Us On Instagram & Subscribe To Our Channel OR leave a comment below for further inquiries.
