{"id":247595,"date":"2022-06-17T12:29:40","date_gmt":"2022-06-17T11:29:40","guid":{"rendered":"https:\/\/buzzsouthafrica.com\/?p=247595"},"modified":"2022-06-17T12:29:44","modified_gmt":"2022-06-17T11:29:44","slug":"tyme-bank-branch-code-and-swift-code-for-transfer","status":"publish","type":"post","link":"https:\/\/buzzsouthafrica.com\/tyme-bank-branch-code-and-swift-code-for-transfer\/","title":{"rendered":"Tyme Bank Branch Code and Swift Code for Transfer"},"content":{"rendered":"

To make certain local and international transactions with Tyme Bank, customers will need to know Tyme Bank’s branch code and swift code. These codes are important to help other banks identify Tyme Bank. In this article, we will discuss the use and difference between the Tyme branch code and swift code and how to transfer money from Tyme Bank to other banks.<\/p>\n

What Is Tyme Bank Universal Branch Code?<\/strong><\/h2>\n

You can receive electronic fund payments of all kinds in your Tyme Bank account as a Tyme Bank customer, but you would need your account number and the bank branch code. Tyme Bank has one unique universal branch code for electronic fund transfer. The bank branch code – 678910 – helps banks across South Africa identify each other.<\/p>\n

Tyme Bank Swift Code<\/strong><\/h3>\n

Tyme Bank Swift Code is CBZAZAJJ, also called a Swift number. This code is majorly used for international transactions. A swift code is a standard format for Business Identifier Codes. Banks all around the world use Swift codes to identify each other.<\/p>\n

So during international transactions, your swift code is important. It helps other banks across the world know that money is being transferred to Tyme Bank.<\/p>\n

Difference Between Tyme Bank Branch Code And Swift Codes<\/strong><\/h2>\n

Just as the branch and swift codes for Tyme Bank do not carry the same arrangement of numbers and alphabets, they are not the same and do not necessarily have the same function.<\/p>\n

Branch Codes are issued by The South African Reserve Bank, which is the Central Bank of South Africa, to all licensed banks in South Africa. With this code, the different banks in South Africa can send messages to each other and identify each other.\u00a0For banks that have different branches, each branch has a unique code with which you can make transactions.<\/p>\n

However, a universal branch code can also be used to transact irrespective of the branch.\u00a0In the case of Tyme Bank, which does not have branches, they do not have any branch code but just a universal branch code. The universal branch code is used for Electronic Fund transfers and internet banking.<\/p>\n

On the other hand, Swift code is used for international transactions. SWIFT is an acronym that stands for Society for Worldwide Interbank Financial Telecommunication. It is used to identify a specific bank, the country, and the branch. When your friends, family, or business partners outside South Africa send money to you, they will need your bank’s swift code.<\/p>\n

The first four characters of the Tyme Bank Swift code (CBZA) are the bank code, the following two characters (ZA) are the country code, the next two characters are the location code (JJ), while the last three characters (XXX) represent the branch code. Aside from international bank transfers, the Swift code is also used to exchange messages between banks.<\/p>\n

How To Send Money With Tyme Bank<\/strong><\/h2>\n

Sending money with Tyme Bank is easy, and there are different ways to do this. While sending money with Tyme Bank, it is essential to note that if the recipient is not a Tyme Bank user, you will need to request their bank branch code. Here are different ways to send money with Tyme Bank.<\/p>\n

You Can Send Money Using The Tyme Bank App<\/strong><\/h3>\n

Tyme Bank mobile app is one of the easiest ways to send money with Tyme Bank. However, you need to have a smartphone and an available data bundle. To access the app, you will need to download it from the play store or app store for Android and iOS, respectively.<\/p>\n

If you have downloaded, installed, and registered your account on the app, you can now use it to send money by doing the following:<\/p>\n