First Bank Swift Code for All Branches in Nigeria Latest Update

– First Bank Swift Code –

Are you searching for First Bank Swift Code? Or you have probably come across the need to find a First Bank swift code (or BIC code) because you were asked for it through web banking while trying to wire money to a different bank than yours.

This article provides you with information regarding the First Bank Swift code and why it is very important.

About First Bank of Nigeria Ltd

First Bank of Nigeria Limited (First Bank) is the premier Bank in West Africa with its impact woven into the fabric of society.

The Bank which has been sustaining its development-oriented services for over 126 years as the region’s foremost financial inclusion services provider, offers a comprehensive range of retail and v through over 44,000 business outlets to over 17 million customer accounts.

As a national icon and an international player, First Bank is one of the most enduring financial services brands in Africa with international footprints extending through its subsidiaries.

Also, FBN Bank (UK) Limited in London and Paris, FBN Bank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra Leone, and Senegal, as well as a Representative Office in Beijing.

However, First Bank has been nimble at promoting a digital economy in Africa and has issued over 10 million cards, the first bank to achieve such a milestone in Nigeria.

First Bank’s financial inclusion and cashless transaction drive have resulted in over 228 million users on its USSD banking service through the nationally acclaimed *894# banking service and over 3.4 million users on its First mobile platform.

What is a SWIFT code?

A SWIFT code (or BIC code) is a unique code that identifies financial and non-financial institutions and is mainly used for international wire transfers between banks.

Also, it is a set of 8 or 11 digits that represents a bank branch. You’ll need to use one when sending money internationally.

However, banks use SWIFT for international transfers, but it’s not the most efficient or cost-effective solution as you might get a poor exchange rate and pay high fees.

We recommend using TransferWise, which is up to 5x cheaper and gives you a great rate.

First Bank Swift Code

Sending or receiving money from abroad to FIRST BANK OF NIGERIA LTD in Nigeria? Find the right BIC / SWIFT code with our FIRST BANK OF NIGERIA LTD SWIFT code finder.

First Bank swift code is a unique identifier for every institution’s branch in the world. This code is absolutely vital for transferring money securely from one institution to another, and our site is a specialized search engine for these codes and the institutions that carry them.

Please remember to always confirm the correct code with the bank or recipient before sending any money.

We know these codes as swift codes because of the organization that first introduced them (SWIFT – Society for Worldwide Interbank Financial Telecommunication) but were later standardized as BIC (Business Identifier Codes).

A swift code can be formed with either 8 or 11 characters. Most of the time, you will only need the eight-character Swift code, which comprises 3 parts:

the identifier of the institution (4 characters), the identifier of the country (2 characters), and the identifier of the location (2 characters).

However, sometimes, if your bank processes payments through a specific branch you will need the eleven-digit code which includes the branch identifier as well.

Frequently Asked Questions

Is a SWIFT code the same for all branches?

Not every bank branch has a SWIFT code, which means you can usually use the code for the bank’s head office. Find your SWIFT code here.

Do I need an IBAN number as well?

It depends on the country you’re sending money to. In the Eurozone, you’ll always need an IBAN and a SWIFT/BIC code. Banks in the USA use SWIFT codes, but they don’t use IBANs. It’s the same in New Zealand too. More on IBAN numbers.

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CSN Team.