Imagine that your business partners abroad send you money for business from abroad and then a month later you are still looking for the money because the bank has no idea which branch the money landed. Well, in order to avoid that sort of scenario there is something called a branch code, which is a unique identifying code for a given branch of a bank. With this branch code, every branch of a bank is differentiated by its branch code. This idea is a global one; it did not originate from South Africa, but it has certainly made life easier in South Africa.
Please note that these branch codes are known by various different names across the globe. So if you have to send it to a foreign business partner then you have to know what it is called in his country. This will facilitate easy movement of funds from one point to another, and also help ensure accountability.
Nedbank Universal Branch Code
The Nedbank universal code is: 198 765
The Nedbank universal branch code will help even better streamline financial transactions, as well as help you safeguard your online transactions. This makes it easy for you (actually, for your bank) to access and transact fast when you enter the specific number needed. This special symbol is unique to every outlet of the bank and ensures that your transactions are safe and processed with the utmost speed.
Because Nedbank is a major bank in South Africa with a strong retail presence, that means that it has many outlets, and processes a high volume of international transactions. The Nedbank universal branch code is therefore one of the most frequently used banking symbols in South Africa. This indicates that the bank is user-friendly and offers great service through all of the bank’s outlets. Let us now talk about the branch codes which are numbers that you can use for any transaction with the bank regardless of your account type or specific outlet.
What is Nedbank universal branch code?
Now that you know what the universal code is about, what it does, and why it is crucial, you must be asking how do I find Nedbank branch code? Look no further; the Nedbank universal code is: 198 765. This important number will come in handy especially if you want to transact all your banking business online. As commerce and financial transactions are steadily going online, it is understandable that more and more people will find themselves in need of this number.
Various Nedbank Branch codes
As mentioned earlier, all kinds of financial transactions and commerce, in general, is going online- and it’s a good thing! It is now easier for you to transact business safely across long distances; in fact, it’s now possible to do business instantly even without face-to-face meetings. You do not have to master the different special numbers of different branches or outlets of the bank.
You can now utilize a single outlet number if you want to make or receive payments into your Nedbank Current and Savings accounts. Always fill in the correct outlet code number 198765. Apart from understanding the Nedbank branch code for Electronic Fund Transfers (EFT) and mastering the single special number that allows you to complete your transaction regardless of your outlet.
The following is a presentation of branch-specific codes for the different outlets of the bank. These numbers will help customers to transact accurately without having any fear of their money getting stuck at the bank, or going to the wrong recipient. The bank has numerous branches, but here are some of the most popular ones, which will most likely be needed.
Nedbank Branch Codes
Branch Code – 121317
Physical location of branch: 329 Cape Road Newton Park, Port Elizabeth 6045.
Branch Code – 123209
Physical location of branch: 8th floor, 57 Heerengracht, Foreshore
Branch Code – 119210
Physical location of branch: Lower ground, Langenhoven Student Centre, De Beer Street, Stellenbosch.
Branch Code – 119210
Physical location of branch: – Shop LO5 CNR 135 Rivonia road &, Maude street, Sandown
Branch Code – 189905
Physical location of branch: Shop f244 Gateway Theatre of Shopping No1 Palm, Boulevard Umhlanga Ridge New Town Cente.
Irene Village Mall
Branch Code – 148345
Physical location of branch: Irene Village Mall, Shop 95 Cnr Nellmapius &, Pierre Van Ryneveldt Roads, Irene.
Branch Code – 125421
Physical location of branch: 71 Oxford Street, East London
Branch Code – 114405
Physical location of branch: 228 Courthouse Road, Umzimkulu.
Branch Code – 198005
Physical location of branch: Shop 12 – 14, Southdale Shopping Centre, Alamein Road, Southdale.
Branch Code – 101004
Physical location of branch: Shop 2 Ground Floor, 77 Crown Street, Barberton.
With Nedbank universal branch code, and by keeping all the specific outlet symbols close to your reach, it is easier to transact with Nedbank safely. You may decide to keep this post in your bookmarks for easy reference so that you can pick out the information you need, whenever you need it, without having to make unnecessary errors.
You may instead decide to make use of the universal code to safeguard your online banking transactions, rather than go through with keeping all the various individual branch codes.
Branch codes have several names according to the country, and every country has a specific system of assigning its bank codes. Some in Europe have 4 digit numbers, while others have as high as 10 digit numbers.
Belgium has a national system with account numbers of 12 digits. The individual banks are not given separate bank codes; instead, the first 3 digits of the account number are called the protocol number, and they indicate the bank to where the account belongs to.
Certain countries which use International Bank Account Numbers (IBAN) usually have the bank code integrated into the prefix of specifying IBAN account numbers. These are usually current accounts. Sometimes, when an Online merchant requests your ‘bank code,’ what they actually mean is your Card Security Code printed on the credit card.