What is UBA SWIFT code or BIC? If you are looking for it, we will show you in this post. United Bank for Africa is one of the leading financial institutions in Nigeria. They come up with new innovations every time with the latest being Leo, they also have Wizkid as an ambassador. If you want to receive a wire transfer from a foreign account, you are required to provide your SWIFT code or otherwise known as SWIFT BIC sometimes. Banks also use these codes for exchanging messages between them.
What does SWIFT represent?
SWIFT is an acronym for The Society for Worldwide Interbank Financial Telecommunication. According to Wikipedia, this society “provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. SWIFT also sells software and services to financial institutions, much of it for use on the SWIFTNet network, and ISO 9362. Business Identifier Codes (BICs, previously Bank Identifier Codes) are popularly known as “SWIFT codes“.
So, where does SWIFT code/BIC comes into play?
What is a SWIFT Code/BIC?
A SWIFT code is a standard format for Business Identifier Codes (BIC). It’s used to identify banks and financial institutions globally. It says who and where they are — a sort of international bank code or ID.
UBA SWIFT code/SWIFT BIC and Necessary Information
Now that you are familiar with what it means, we will show you UBA SWIFT code or BIC, they mean the same thing. It is important not to also confuse SWIFT code with sort code.
Irrespective of where you opened your UBA account in Nigeria, they all have one SWIFT code which is the same. So, whether you opened your account in Ibadan, Uyo, Abuja, Lokoja, Lagos or Sokoto, UBA maintains one uniform code.
UBA SWIFT code is UNAFNGLA.
