Biashara Bank of Kenya LTD. SWIFT/BIC code

SWIFT/BIC code of Biashara Bank of Kenya LTD.

The short code BIBKKEN1 and the 11-character code BIBKKEN1XXX refer to one and the same institution: Biashara Bank of Kenya LTD. in Nairobi, Kenya. Banks worldwide use these codes to route international transfers to the right bank. You will need it mostly when dealing with payments that cross a border and payments in foreign currencies.

On this page you will find what the code is put together, when you need it and which other details a transfer to or from Biashara Bank of Kenya LTD. requires. A SWIFT code names a bank or branch, never a specific account.

Receiving money from abroad at Biashara Bank of Kenya LTD.

If you are waiting for a payment from another country, send the payer all details at once. Share the account holder’s name, the IBAN or account number, the BIC BIBKKEN1XXX and your address, which some banks require.

The sender’s bank may request the address of your bank; the head office in Nairobi is usually fine. A mistake in the IBAN can be more trouble than it looks.

Expect that the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, Biashara Bank of Kenya LTD. may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. For business payments, you can state how the fees are split, so that nobody is left short.

Scams that use SWIFT codes

Criminals often use fake invoices with new bank details. The fact that BIBKKEN1 exists does not mean that a request mentioning it is legitimate; criminals use the codes of real banks too.

Always confirm changed bank details by phone, using a number you already had. Watch out for urgent requests, odd spelling or a sender address that is slightly off. When a payment was sent to a fraudster, call your bank right away.

Scams can also work the other way. Someone sends too much and asks you to return the extra. A screenshot of a transfer is no proof; only your own account shows what has arrived.

What the XXX in BIBKKEN1XXX means

A BIC is built from fixed blocks: the first four letters stand for the bank, characters five and six give the country and the two after that indicate the location. For Biashara Bank of Kenya LTD., that core is BIBKKEN1.

XXX at the end of BIBKKEN1XXX is not a missing value or an error: it indicates the head office of Biashara Bank of Kenya LTD.. Some banking apps ask for 11 characters, and then you can enter XXX after BIBKKEN1.

Leave out spaces or dashes when you enter BIBKKEN1 or BIBKKEN1XXX. Copying the code beats retyping it: a typo can point to another bank.

How long does an international transfer to Biashara Bank of Kenya LTD. take?

There is no fixed delivery time for every transfer: many land the same day or the next. Transfers sent late in the day or on a weekend or public holiday often go out a business day later. Occasionally a bank asks about the purpose of a payment before releasing it.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each payment carries a unique reference, the UETR that banks can use to trace it. Specialist transfer services often show tracking in their app showing how far the payment is.

If a payment has not arrived after a few business days, the person who paid should start with their own bank. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.

What a transfer from Biashara Bank of Kenya LTD. abroad really costs

When you send money abroad via Biashara Bank of Kenya LTD., the fee you see is only part of the cost. Besides a fixed fee, banks in between can take a cut, and when currencies are converted, the bank usually applies a rate that is less favourable than the real market rate.

The real cost is often in the rate, not in the fee: the bank converts at a rate that includes a margin. Check their rate with the mid-market rate. The difference is your real conversion cost.

Specialist money transfer services frequently offer a rate near the mid-market rate. On GoldexPay we compare the amount that arrives across services, which makes the cheapest option easy to spot. You can still use your account at Biashara Bank of Kenya LTD. to fund the transfer; only the conversion and sending happen elsewhere.

Is BIBKKEN1 still correct? How to check

Have the recipient copy the bank details straight from their online banking. Compare that code against BIBKKEN1 on this page.

An incorrect BIC may lead to a delay, a payment being sent back or extra fees. Remember the account number: an error there is harder to undo than a wrong BIC.

An automatic check in your banking app only confirms that the code exists. Where available, a payee name check on the recipient gives an extra layer of safety. For a first payment, many people start with a small amount first.

Choosing between the 2 SWIFT codes of Biashara Bank of Kenya LTD.

Our directory lists 2 SWIFT/BIC codes for Biashara Bank of Kenya LTD. in 2 places. Next to the head office code BIBKKEN1XXX, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, use BIBKKEN1XXX or its short form BIBKKEN1. Just use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

The safest route is to copy the code straight from the account holder’s statement. Codes for branches are more prone to change than the head office code when a bank merges or closes offices.

A note on our data

We collect SWIFT/BIC codes using publicly available data and check them from time to time. It can happen that information here is no longer current after a merger or reorganisation. Figures such as the number of codes come from our own dataset.

Use our data as a starting point, rather than as the last word. GoldexPay is an independent comparison service for money transfers and not affiliated with Biashara Bank of Kenya LTD.. Found an error? Tell us via our contact form so we can correct it.