Standard Chartered Bank Botswana LTD. SWIFT/BIC code

SWIFT/BIC code of Standard Chartered Bank Botswana LTD.

The short code SCHBBWGX and the full code SCHBBWGXXXX refer to the same bank: Standard Chartered Bank Botswana LTD. in Gaborone, Botswana. A BIC does one job: it makes sure that an international payment reaches the right bank. In practice you usually come across it on invoices from abroad, in your banking app and in the bank details of Standard Chartered Bank Botswana LTD. customers.

On this page you will find how the code is put together, when it matters and what else a transfer to or from Standard Chartered Bank Botswana LTD. requires. A SWIFT code identifies an institution, not a specific account, which is why you always need the account number too.

Why Standard Chartered Bank Botswana LTD. has an 8- and an 11-character code

The layout of a BIC is always the same: four characters for the institution, a two-letter country code and two for the location. Together, those parts make up SCHBBWGX.

The long version has three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office.

In practice the code is typed in capitals and without spaces. Watch for the letter O and the digit 0 or the letter I and the digit 1; they are easy to mix up.

Verifying the SWIFT code of Standard Chartered Bank Botswana LTD.

Ask the recipient to send you the account details directly from a recent statement. Compare that code with SCHBBWGX here and ask if anything does not match.

If the code is wrong, the payment might be delayed, bounce back or cost extra, and tracing it can take weeks. An error in the account number is a bigger problem; check it just as carefully.

A format check by your bank merely confirms that the code exists – not that it belongs to the person you mean to pay. Some banks now compare the name against the account before you confirm; take any warning seriously. When you pay someone new, some people send a small amount first and wait for confirmation.

Which of the 17 codes of Standard Chartered Bank Botswana LTD. do you need?

Standard Chartered Bank Botswana LTD. has 17 separate SWIFT/BIC codes. Only one is the head office code, SCHBBWGXXXX; the rest belong to branches or departments, and sometimes internal departments.

Usually there is no need to look up a branch: payments addressed to SCHBBWGXXXX are routed within Standard Chartered Bank Botswana LTD. correctly. Branch codes are only needed when the recipient’s bank specifically mentions it.

Not sure which code applies? Check with the recipient. Branch codes are more likely to be retired than SCHBBWGXXXX when a bank merges or closes offices.

Receiving money from abroad at Standard Chartered Bank Botswana LTD.

For an international payment into your account at Standard Chartered Bank Botswana LTD., the person paying you has to have more than the BIC. In practice that means: your full name as registered with Standard Chartered Bank Botswana LTD., your IBAN or account number, the SWIFT/BIC code SCHBBWGXXXX (or SCHBBWGX) and, often, your postal address.

Certain sending banks want the name and address of Standard Chartered Bank Botswana LTD.; it does no harm to include it. A mistake in the IBAN is harder to fix than it looks; copy them from your banking app rather than typing.

The amount you receive can be lower than what was sent. Fees for incoming transfers vary from bank to bank – the price list of Standard Chartered Bank Botswana LTD. tells you what applies. On invoices, it is common to state how the fees are split, so that nobody is left short.

Paying someone abroad from your Standard Chartered Bank Botswana LTD. account

A bank transfer abroad can cost more than the listed fee. There is the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, above all, the margin on the exchange rate if the currency changes.

That exchange rate margin is often the biggest cost even though it is not listed as a fee. A simple test: put the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

For many currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, it is worth comparing what arrives via GoldexPay rather than accepting the bank’s rate by default. You can still use your account at Standard Chartered Bank Botswana LTD..

Protect yourself against fake payment requests

A common scam works like this: you receive a request saying that a company now has new bank details and that the next payment should go there. The fact that SCHBBWGX exists is no guarantee that the account is genuine; criminals use the codes of real banks too.

Never trust contact details in the same message that contains the new account. Urgency and requests to keep it quiet are warning signs; a genuine business can wait for you to check. If money has already gone to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Scams can also target the receiver: someone claims to have sent more than agreed and wants you to return the difference. A screenshot of a transfer is no proof.

Tracking a transfer to or from Standard Chartered Bank Botswana LTD.

There is no single delivery time for every transfer: some land the same day or the next, others take several business days. Payments made after the cut-off time or just before a weekend or public holiday usually go out the next business day. Occasionally a bank asks what the payment is for.

Many banks use SWIFT gpi. Every payment gets a unique reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

The bank that sent the money is able to start an official trace. On the receiving end, you can check your statements to see a slightly lower amount because fees can reduce the amount.

A note on our data

The details on this page come from publicly available data which we refresh regularly. Banks merge, close branches and change codes. Counts and locations are from our directory and may differ from what Standard Chartered Bank Botswana LTD. publishes.

Treat this page as a starting point, rather than as the final word. GoldexPay is not affiliated with Standard Chartered Bank Botswana LTD., we only compare transfer services. Should you notice a mistake, we appreciate a short note via the contact page.