GTBank SWIFT Code: Guarrantee Trust Bank Swift Codes

GTBank SWIFT Code: Guarrantee Trust Bank Swift Codes

By Swift code, we are referring to a standard format of Bank Identifier Codes (BIC). These codes are unique identification codes designated for a usage by particular bank, and which may not be used by other banks.

Swift code(s) is/are used during inter-bank funds transfers, most especially when it involves international wire transfers between banks. Locally, Banks make use of Swift codes during intra-bank or “household” communications.

Each Swift code contains about 8 – 11 characters. When it is a 8-digits Swift code, we call it the primary office. An example of such a code is this: AAAA BB CC DDD 

Analysis of 8-digits GTBank Swift code:

1. The First 4 characters are the bank code (contains only letters)
2. The Next 2 characters are the ISO 3166-1 alpha-2 country code (contains only letters)
3. The Next 2 characters refer to the location code (a mixture of letters and digits) (here, passive participant will have “1” in the second character)
4. The Last 3 characters are called the branch code. These are optional (‘XXX’ for primary office) (consists of letters and digits)

GTBank’s Swift code is GTBINGLA. Just as discussed in the background above, the GTBank Swift Code is used for inter-bank funds transfers, and is one of the basis of international money transfers through bank wire. Recall too that the format of a Bank Identifier Codes (BIC) gives a unique identification code specially designed to suit the given bank. As such, Swift codes are used by banks for communications among themselves.

Who Regulates GTBank SWIFT Code?

Please understand that the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and their headquarters is located in La Hulpe, Belgium is in charge of registration of All Nigerian banks Swift Codes. SWIFT is the registered trademarks of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium

No doubt, there exists swift code finders on the internet, especially via a simple Google search. These however, should not be confused with the Official GTBank SWIFT CODE nor the GTBank SORT CODE. See the official GTBank Lagos SWIFT Code Information beow:

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