Grindrod Bank SA : Swift And Branch Codes
Grindrod Bank SA : Swift And Branch Codes
Grindrod Bank SA is a commercial bank in the Republic of South Africa. It is licensed as a “locally-controlled financial institution” by the Reserve Bank of South Africa, the national banking regulator.
GRDB is a large financial services provider in South Africa, based on assets. It currently employs ninety six(96) people as of 2011. The bank’s total asset base was in excess of US$550 million (ZAR:3.7 billion), with shareholders’ equity in excess of US$37 million (ZAR:250 million).
Breif History About Grindrod Bank
The bank was established in 1994 as a subsidiary of Grindrod Limited. The bank maintains headquarters in Durban, with offices in Johannesburg, Pretoria and Cape Town. In 2006, it acquired 100% of the assets of Marriott Merchant Bank. Grindrod Bank focuses on meeting the needs of high-net-worth individuals, large corporations and institutions.
Universal Branch Code for Grindrod Bank South Africa
The Grindrod Bank universal code is 584000 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.
Grindrod Bank South Africa Swift Code
Below is a table showing Grindrod Bank branch code, BIC analysis & SWIFT code, Grindrod Bank bank address, and Grindrod Bank branches contacts.
| Grindrod Bank SA | Details |
|---|---|
| Universal Branch Code | 584000 |
| Routing Number* | |
| SWIFT Code | GRIDZAJJ |
| Bank Address | FIRST FLOOR, BUILDING THREE, COMMERCE SQUARE, 39 RIVONIA ROAD, CNR HELLING ROAD, SANDTON |
| Registered Address | FIRST FLOOR, BUILDING THREE, COMMERCE SQUARE, 39 RIVONIA ROAD, CNR HELLING ROAD, SANDTON |
| Postal Address | Postal address P O Box 3211, Durban, 4000 |
| City | Gauteng |
| Bank Telephone | (011 ), 459-1860 |
What Are The Uses Of Grindrod Bank South Africa Universal Branch Code
- Grindrod Bank 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.
Grindrod 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 Grindrod Branch Codes In South Africa
| BRANCH NAME | ADDRESS | CITY | BRANCH CODE |
|---|---|---|---|
| SANDTON | FIRST FLOOR, BUILDING THREE, COMMERCE SQUARE | GAUTENG | 584000 |
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.
