Ghana Commercial Bank SWIFT BIC Code
Do you need to utilize the Ghana Commercial Bank SWIFT code for international transactions? Perhaps you came up a BIC code on an online form and needed to know what it was and how to apply it.
The GBC SWIFT or BIC code is simple to obtain, but you must first understand what it is and how to use it safely.
The BIC Code (Bank Identification Code), commonly known as the SWIFT Code (Society for Worldwide Interbank Financial Telecommunication), is a unique nomenclature for each bank in the globe.
The SWIFT/BIC code’s main purpose is to identify the bank that will receive the money transfer (also called the destination bank ).
Account identification is necessary for the security of both domestic and foreign transactions.
The BIC Code (Bank Identification Code), commonly known as the SWIFT Code (Society for Worldwide Interbank Financial Telecommunication), is a unique nomenclature for each bank in the globe.
The SWIFT/BIC code’s main purpose is to identify the bank that will receive the money transfer (also called the destination bank ).
Account identification is necessary for the security of both domestic and foreign transactions.
In the case of international transactions, the SWIFT code system is utilized to identify the parties.
As a result, regardless of which country you are sending money to or from, you can utilize the SWIFT Code to make international transfers.
International money transfers can be made more secure by using these codes, which prevent errors, speed up the transaction process, and lower the overall transaction cost.
HOW TO Get Ghana Commercial Bank Swift Code For Your Account
You can relax if you wish to know your bank account’s SWIFT code (BIC). This type of code can easily be found without having to search far and wide. It’s usually on the individual banks’ websites.
In order to identify any bank or credit institution, this code is used.
Ghana Commercial Bank’s SWIFT code (BIC) for all accounts is GHCBGHACXXX.
To send money to loved ones abroad, you’ll need this code, but Ghana Commercial Bank doesn’t have to mention it in its payment and collections files.
Ghana Commercial Bank Limited Accra – GHCBGHACXXX
Ghana Commercial Bank Limited Kumasi – GHCBGHACKSI
Ghana Commercial Bank Limited Tema – GHCBGHACTMA
Ghana Commercial Bank Limited Takoradi – GHCBGHACTD
This code is made up of eleven (11) alphanumeric characters, which are divided into:
The first four (4) unique characters of the credit institution code identify the financial institution (Bank) globally. GHCB is the code for Ghana Commercial Bank.
Country Code: The SWIFT code’s next two (2) characters identify the country or geographic location where the bank’s core business unit is located. GH stands for Ghana in this portion of the BIC code.
The next two (2) characters define the region or city where the credit institution’s central business unit is located within a country or geographic territory. Because the majority of Ghana’s banks have their headquarters in Accra, the SWIFT code’s location code is AC.
Branch Code: The SWIFT code’s last three (3) characters represent the bank’s specific office or branch.
In Ghana, just a few banks have assigned individual branches a SWIFT/BIC code.
When a bank does not have a registered branch, the final three (3) digits of the SWIFT code are represented by “XXX.”
And this is the bank’s branch code.
Conclusion
THE GHANA COMMERCIAL BANK (GCB) has four swift codes for their Four Registered Branch
The GCB SWIFT code for the Accra headquarters is GHCBGHACXXX, as stated above.
GHCBGHACKSI is the SWIFT/BIC code for the GCB branch in Kumasi.
GHCBGHACTMA is the swift code for Tema, and GHCBGHACTDI is the swift code for Takoradi.
As can be seen, Ghana Commercial Bank’s branch codes in Accra, Kumasi, Tema, and Takoradi are XXX, KSI, TMA, and TDI, respectively.
Furthermore, some users choose not to write the BIC code’s last three (3) digits.
And when this happens, it signifies you’re talking about the bank’s main branch.
