SWIFT/BIC code DEMBNGL1XXX
DEMBNGL1XXX belongs to Devcom Merchant Bank LTD. in Lagos, Nigeria.
Code details
| SWIFT/BIC code | DEMBNGL1XXX |
|---|---|
| 8-character code | DEMBNGL1 |
| Branch code | XXX |
| Bank | Devcom Merchant Bank LTD. |
| Branch | Head office |
| City | Lagos |
| Country | Nigeria |
The way the Devcom Merchant Bank LTD. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- DEMB Bank code
- 4 letters that identify the bank.
- NG Country code
- 2 letters for the country (ISO 3166).
- L1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which bank is behind BIC DEMBNGL1XXX?
DEMBNGL1XXX identifies the head office of Devcom Merchant Bank LTD. in Lagos, Nigeria. It is the code to use when you send money to an account at Devcom Merchant Bank LTD..
Does Devcom Merchant Bank LTD. use only one SWIFT/BIC code?
Yes, DEMBNGL1XXX is the single SWIFT/BIC code listed for Devcom Merchant Bank LTD. in Nigeria, so you do not need to pick a branch code.
What is the cheapest way to send money to Devcom Merchant Bank LTD.?
Many banks add several percent to the exchange rate on top of a fee. Compare what you receive in Nigeria with specialist providers before you send – the difference can be large.
Is DEMBNGL1 and DEMBNGL1XXX the same SWIFT code?
Yes. DEMBNGL1 is the 8-character version of DEMBNGL1XXX. The XXX at the end only refers to the head office, so both will reach Devcom Merchant Bank LTD. in Lagos.
How long does it take to send money to Devcom Merchant Bank LTD.?
A SWIFT payment typically takes 1–5 business days, because of intermediary banks and cut-off times. Specialist transfer services are often quicker than a bank.
What do the letters in DEMBNGL1XXX stand for?
DEMB is the bank code of Devcom Merchant Bank LTD., NG is the ISO code of Nigeria, L1 is the code for the city or region and XXX means the main office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.