Q:

What is the branch code for the ABSA Bank Randburg branch?

A:

Quick Answer

The branch code for the Randburg branch of Absa Bank is 632005. This is a global branch code one can use for all local payments and transfers to any Absa account.

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Full Answer

The Absa universal branch code applies to local transactions only, typically those completed via online or electronic banking. Customers require the bank's Society of Worldwide Interbank Financial Telecommunications (SWIFT) code, which is ABSAZAJJ, to make international payments and transfers to Absa accounts. The South African Reserve Bank (SARB) sets the rules and regulations for all foreign exchange transactions, and banking clients must ensure that international transfers meet SARB criteria.

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