Sagicor Bank Jamaica Limited SWIFT/BIC code

Sagicor Bank Jamaica Limited SWIFT code: SAJAJMK1

SAJAJMK1 and SAJAJMK1XXX are two spellings of the same SWIFT/BIC code, and both point to Sagicor Bank Jamaica Limited in Kingston. A SWIFT code shows the banks handling a payment exactly which bank is meant to get the money, much like a postcode for banks. In practice you usually come across it on invoices from abroad, in your banking app and on the account details of Sagicor Bank Jamaica Limited customers.

This page is meant to help anyone who receives money at an account at Sagicor Bank Jamaica Limited without mistakes. Remember that the BIC just identifies the bank, not the account: the IBAN or account number takes care of that.

Scams that use SWIFT codes

Scammers regularly send fake invoices with changed bank details sent from what looks like a familiar address. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Before paying, verify a change of bank details through a phone call. Watch out for time pressure, unusual wording or a sender address that is slightly off. Already paid? Call the bank you paid from without delay and ask them to try to recall the payment and report the fraud.

Recipients can be targeted as well: one known trick is a buyer who pays too much followed by a request to refund the difference. Do not act before the money has really arrived.

How to check SAJAJMK1 before you pay

The most reliable place for the correct BIC remains paperwork issued by the bank. If the code you have differs from SAJAJMK1 or SAJAJMK1XXX, stop and ask: check with the recipient or with Sagicor Bank Jamaica Limited directly.

A wrong SWIFT code can cause a delay, a returned payment or additional charges for investigation. An error in the account number can be a bigger problem because it can reach the wrong person, so check that just as carefully.

Many banking apps check the format of IBANs. Some banks now compare the name against the account before you confirm – do not ignore a mismatch warning. Sending a small amount first is worth it for a large first payment despite the extra fee.

Getting paid from abroad into a Sagicor Bank Jamaica Limited account

If you expect money from abroad, give the sender everything they need in one go. That means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code SAJAJMK1XXX (or SAJAJMK1) and sometimes your address.

Certain banks want the address of Sagicor Bank Jamaica Limited in Kingston. Double-check every detail before you share them.

What lands in your account can be lower than what was sent. Charges on incoming payments vary per bank. Agree with the sender who pays which costs, especially for larger amounts.

About this information

We collect SWIFT/BIC codes from public sources and update them from time to time. Banks reorganise, close branches and change codes, and a directory never catches every change immediately. The number of codes on this page reflect our own data, not official figures from Sagicor Bank Jamaica Limited.

Use this page as a reference, rather than as the last word. GoldexPay is a comparison service for money transfers and not part of Sagicor Bank Jamaica Limited. Spotted an error? Let us know via our contact form and we will look into it.

Paying someone abroad from your Sagicor Bank Jamaica Limited account

What you pay for a payment abroad has several parts, and the transfer fee is only the most visible one. On top of the transfer fee, banks in between may take a cut, and when currencies are converted the bank usually applies a rate below the real market rate.

That exchange rate margin tends to be the biggest cost because it is hidden in the rate. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

Specialised transfer providers frequently offer a rate near the mid-market rate and lower fees. GoldexPay compares transfer providers side by side so you can see the amount the recipient gets. You can still use your account at Sagicor Bank Jamaica Limited to fund the transfer.

When will the money arrive at Sagicor Bank Jamaica Limited?

How fast a transfer arrives at Sagicor Bank Jamaica Limited depends on several factors: which currency you send, the number of banks in between, cut-off times and time zones. Weekends and public holidays in either country add a day or more. Compliance checks by one of the banks can also add some delay.

If a transfer seems delayed, ask the sending bank for the status. Keep your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

If the money does not arrive within the expected time, the person who paid needs to start with the bank that sent it rather than Sagicor Bank Jamaica Limited. As a recipient, it helps to check your statements for a partial amount.

Which of the 2 codes of Sagicor Bank Jamaica Limited do you need?

With 2 codes, Sagicor Bank Jamaica Limited belongs to the banks that register separate codes for branches and departments. The main code is SAJAJMK1XXX.

If nobody asks you for a branch code, use SAJAJMK1XXX or its short form SAJAJMK1. If you have been given a branch code, stick to it instead of replacing it with the head office code.

The best way is to copy the code directly from the recipient’s bank details. Codes are sometimes changed or retired over time.

SAJAJMK1 or SAJAJMK1XXX – which one to use?

A SWIFT code is made up of fixed blocks: the first four letters stand for the bank, characters five and six give the country and characters seven and eight mark the location. In this case, the 8-character core is SAJAJMK1.

The full version has a three-character extension for a branch or department. If the last three are XXX, they simply mean the head office, so SAJAJMK1XXX and SAJAJMK1 are interchangeable.

As a rule the code is written in capitals and without spaces. A single letter may route the money to a different institution.