The Investec branch code is 580105. However, the Universal branch codes vary for different banks, such as 632 005, 430 000, 450 905, 590 000, 462 005, etc. Bank codes are usually a six-digit number that is unique to a particular bank, which indicates a bank’s location.
In this article, we will discuss the Investec branch and Universal branch codes, why each branch has its code, and much more.
What Is the Investec Bank Universal Branch Code?
The Investec bank universal branch code in South Africa is 580 105. The first three digits are the bank code, and every Investec bank has this digit. Below is a full list of the Investec bank branch code:
- Branch code: 580 105
- Branch name: Investec Bank Grayston Drive
- BIC Code (Swift): IVESZAJJ
- Address: 100 Grayston Dr., Sandown, Sandton, 2196
- Province/City: Johannesburg, Gauteng
- Bank Phone: (011), 286-7000
- Bank Fax: (011), 286-7777
Where To Find the Investec Universal Branch Code
The universal branch code as earlier stated helps differentiate one branch from another. The code, which is a 6-digit number, is easy to locate. You can either find it on the bank’s website page, on the pass-book, or printed on the bank’s checkbook. The last six figures present on the IFSC code are considered the branch code.
What Is the Universal Branch Code for Other South African Banks?
A universal branch code, also referred to as a generic bank branch code, is a universal code for all the branches of a specific bank. You can use the code to carry out transactions on your account no matter the branch where the account is held. Interestingly, most banks still offer the universal branch code option, while some institutions do not.
You will agree with me that sorting out branch codes can be a frustrating thing to do. But we have made it quite easy for you. Below is a list of the universal branch codes for various banks in South Africa and their addresses.
List of Universal Branch Codes
|Bank||Universal Branch Code||Address|
|Barclays Bank||590 000||Level 5, Building 3, 11 Alice Lane, Sandton|
|Bidvest Bank Limited||462 005||11th floor Rennie House 19, Ameshof Street, Gauteng|
|African Bank Limited||430 000||59 16th Road, Midrand, Johannesburg, SA|
|Capitec Bank Limited||470 010||11 Quantum Street, Stellenbosch, South Africa|
|Discovery Bank Limited||679 000||155 West Street, Sandton, South Africa|
|HSBC Bank||587 000||1st Floor, Court Chambers, Burg Street, Cape Town|
|Bank of Athens||410 506||Johannesburg, South Africa|
|Absa Bank||632 005||Absa Towers West, 15 Troye Street, Johannesburg|
|Investec Bank Limited||580 105||100 Grayston Dr., Sandtown, Sandton, South Africa|
|Mercantile Bank Limited||450 905||142 West Street, Sandown, 2196 Johannesburg, SA|
|Old Mutual Bank||462 005||Cape Town, South Africa|
|First National Bank||250 655||4 First Place Bank City, Johannesburg|
|FirstRand Bank Limited||250 655||64 Grayston Dr., Sandton, Gauteng|
|Nedbank||198 765||3 Rd, Floor, Nedbank Place, 6 Press Ave., Selby|
|Rand Merchant Bank||261 251||1 Merchant Pl, Cnr Rivonia & Fredman Dr., Sandton|
|SASFIN Bank Limited||683 000||Gauteng, South Africa|
|RMB Private Bank||222 026||NO 5, Merchant Place, 9 Fredman Dr., Sandown, Sandton|
|South Africans Bank of Athens||410 506||116 Marshall Street, Johannesburg, Gauteng, SA|
|SA Post Bank (Post Office)||460 005||497, Sophie de Bruyn & Jeff Masemola Str., Pretoria|
|Standard Bank||051 001||5, Simmonds Street, Johannesburg, Gauteng, South Africa|
|Tyme Bank||678 910||Johannesburg, South Africa|
|Standard Chartered Bank||730 020||5, Simmonds Street, Johannesburg, Gauteng, South Africa|
Why Does Each Branch Have Its Bank Code?
Every branch is expected to have its specific bank code because it makes for easy location of the bank, and it’s a unique number that connects all branches of the bank for a smooth transaction by its customers.
Difference Between the Universal Branch Code and the Usual Branch Codes
The two types of bank branch codes available in South Africa are – the universal branch code and the usual branch code. The difference between the two branch codes are stated below;
- The universal branch code: It is a single simple code specifically for a particular bank and all its branches. This means you can transact with the code in any particular bank branch. With the universal code of a particular bank, internet banking is made easy. Also, it provides a user-friendly solution to most transactions done online.
- The usual branch code: This branch code is personal to the individual branch of a bank located in a particular area. This means you cannot use the code in another branch of the same bank other than the area where the branch is located. Each branch of a particular bank has its branch code, which does not apply to another branch.
Going forward, the universal branch code is preferable to the usual branch code because of the latter’s limitation. Because of the uniqueness of the usual branch code to a particular branch of the bank, you may not be able to carry out transactions with other branches of the same bank.
When Do I Use the Universal Bank Code?
- When you want to make payment online or carry out internet banking, two things you need – your account number and a branch code.
- A branch code identifies the area/bank in which your account was opened. For instance, banks now issue a universal bank code against a bank specific-code for any of the banks above.
- Also, for banks like Tyme bank, a digital bank without branches in South Africa, a universal/general code is the only one issued for all accounts opened with them.
Knowing Investec Branch Code and Universal Branch Code is Important
Knowing the Investec branch code and the universal branch code of each bank makes it easy and simple for you to transact with the bank with little or no stress. You can find out more from the individual banks.
Branch code indicates a bank’s location but can also be used when making EFTs and bank transactions between other banks. Also, for internet banking customers, a universal branch code is ideal and safe for online banking. It is safe and secure to use any of these codes when making your transaction.
However, since there are some differences in codes for individual banks and the same bank in different locations, you must ensure that you are using the correct code at any time. By doing this, you will not likely run into any type of problem whatsoever and all transactions you initiate will go through speedily without any problems.