Standard Bank is one of the largest banks in South Africa. It is headquartered in Johannesburg and has branches across Africa and overseas.
Standard Bank offers several different types of savings accounts. These include current accounts, fixed-term deposit accounts, and personal loan accounts.
Current accounts offer a variety of services such as cash withdrawals, ATM access, cheque book printing, and bill payment. Fixed-term deposits allow customers to set aside funds for a specific period of time. Personal loans provide customers with a line of credit that allows them to borrow against future income.
Branch Code
A branch code is a 6-digit number that is assigned to each and every bank branch. It is used to identify the area of the branch. It is different from the universal branch code.
Use this tool to find your nearest Standard Bank branch for a specific code.
Universal Branch Code
The universal branch code is a semi-friendly code that acts as a single code for all branches of a bank. It is used by all banks in South Africa to identify the different branches belonging to a specific bank. This allows customers to easily switch between different banks without having to remember new codes.
What is the Universal Branch Number for Standard Bank?
The Universal Branch Code for Standard Bank South Africa is 051 001.
You can use this code to make electronic funds transfers if you don’t know the actual branch code of the bank branch you are sending the money to. This branch code applies to all Standard Bank branches in South Africa.
Standard Bank’s facility’s swift code is SBZAZAJJ.
When to Use the Universal Branch Code
You require a bank account number and a branch code in order to make an electronic funds transfer (EFT) payment online.
The online banking system will ask for a branch code if you want to transfer money to another bank account so that it may be processed quickly and with confirmation.
The best option for users of internet banking is to use universal branch codes. The top banks in South Africa have created universal codes.