Coronation Merchant Bank Limited SWIFT/BIC code

What ADHLNGLA means for a payment to Coronation Merchant Bank Limited

ADHLNGLA and ADHLNGLAXXX are two spellings of the same SWIFT/BIC code, and both point to Coronation Merchant Bank Limited in Lagos. Banks worldwide use these codes to direct payments between countries to the correct institution. In daily life you mostly come across it on invoices from abroad, in payment forms and in the bank details of Coronation Merchant Bank Limited customers.

This page is meant to help anyone who receives money at an account at Coronation Merchant Bank Limited. The SWIFT code on its own does not identify an individual account holder; that is what the account number or IBAN .

Transfer times and tracking a payment to Coronation Merchant Bank Limited

There is no single delivery time: some land within a day. Weekends and public holidays in either country can add a day or more, since banks do not process on those days. Compliance checks by one of the banks may also add some delay.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services usually provide tracking online showing where the money has got.

Only the sending bank can start an official trace or a recall; the receiving side usually has nothing to trace yet. Request from the sender the payment receipt.

International transfers from Coronation Merchant Bank Limited: the real cost

When you send money to another country through Coronation Merchant Bank Limited, the fee you see is rarely all of what you pay. There is the transfer fee, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup if the currency changes.

Banks do not show the margin on the rate as a cost, but you pay it all the same. An easy check: set the bank’s rate next to the mid-market rate and look at the difference.

Specialist money transfer services often use a rate near the mid-market rate. Before your next transfer, take a minute to compare what arrives via GoldexPay rather than accepting the bank’s rate by default. You can still use your account at Coronation Merchant Bank Limited as the source of the money; only the conversion and sending happen elsewhere.

Incoming international payments to Coronation Merchant Bank Limited

Someone abroad who wants to pay you needs several details about your account, and missing ones are a common cause of delays. That means: your full name as registered with Coronation Merchant Bank Limited, your IBAN or account number, the BIC ADHLNGLAXXX (or ADHLNGLA) and usually your address.

Some banks also ask for the bank’s address in Lagos; it does no harm to include it. Double-check each detail before you send them, because the sender’s bank usually copies them as is.

Money from abroad will not always arrive for the full amount. Charges on incoming payments vary per bank. On invoices, you can agree who bears the costs, so that nobody is left short.

Which of the 2 codes of Coronation Merchant Bank Limited do you need?

Our directory lists 2 SWIFT/BIC codes for Coronation Merchant Bank Limited in 1 cities. Next to the head office code ADHLNGLAXXX, there are codes for branches, departments or specific services.

For most incoming transfers, the head office code ADHLNGLAXXX works fine. When you receive a specific code, use it as it is rather than replacing it for the head office code.

The best way is to take the code directly from the recipient’s bank details. Branch codes are more likely to be retired than the head office code.

Is ADHLNGLA still correct? How to check

The most reliable source for the BIC is the bank details provided by the recipient. Check that code with ADHLNGLA here; if they differ, ask before you pay.

Mistakes in the SWIFT code tend to be annoying rather than disastrous – usually the money comes back, minus fees and time lost. An error in the IBAN or account number is more serious because it can reach the wrong person.

Most online banking apps validate the structure of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. Where available, a payee name check before sending adds extra certainty. When you pay someone new, many people send a small test amount.

About this information

We gather bank codes from public sources and check them regularly. It is possible that information here is no longer current after a merger or reorganisation. The figures we show reflect what is in our directory.

Treat this page as a reference, not as the last word. GoldexPay is independent of Coronation Merchant Bank Limited. Found an error? Let us know through the contact page so we can correct it.

Protect yourself against fake payment requests

Stay wary if someone suddenly wants you to send money to another account abroad. The fact that ADHLNGLA exists does not mean that a request mentioning it is legitimate.

Verify changed payment details via a different channel, such as a phone number you already know, not by replying to the message. Watch out for time pressure, unusual wording or a sender address that is slightly off. When a payment was sent to the wrong account, contact your bank immediately.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference abroad. Do not act before the money has really arrived – ask Coronation Merchant Bank Limited if something looks wrong.

8 or 11 characters: ADHLNGLA versus ADHLNGLAXXX

The layout of every SWIFT code is always the same: four characters for the institution, a two-letter country code and two for the location. Combined, those parts form ADHLNGLA.

The 11-character version adds a three-character extension for a branch or department. When those three characters are XXX, they simply mean the head office, which is why ADHLNGLAXXX and ADHLNGLA lead to the same place.

Do not add spaces or dashes when you type ADHLNGLA; the code is always written in one block. A wrong letter may route a payment to another bank, so copy it carefully.