A2x Proprietary Limited SWIFT/BIC code

A2x Proprietary Limited SWIFT code: AAXXZAJJ

The short code AAXXZAJJ and the 11-character code AAXXZAJJXXX refer to the same bank: A2x Proprietary Limited, with its head office in Johannesburg. A SWIFT code tells every bank in the chain exactly which bank is meant to get the money, much like a postcode for banks. In daily life you usually see it on international invoices, in payment forms and on the account details of A2x Proprietary Limited customers.

On this page you will find what the code is put together, when it matters and which other details a transfer to or from A2x Proprietary Limited requires. A SWIFT code names a bank or branch, not a specific account.

Why A2x Proprietary Limited has an 8- and an 11-character code

A SWIFT code is built from a few fixed parts: characters one to four stand for the bank, characters five and six show the country and characters seven and eight mark the location. In this case, the 8-character core is AAXXZAJJ.

XXX at the end of AAXXZAJJXXX does not stand for a placeholder or an error: it indicates the head office of A2x Proprietary Limited. Certain payment forms ask for 11 characters, in which case you simply add XXX after AAXXZAJJ.

Enter the code in one piece, in upper case and without separators, exactly as shown here. Watch for O versus 0 or I versus 1; they are easy to mix up.

Sending money abroad from A2x Proprietary Limited

The price of an international transfer has more than one component. Besides a fixed fee, correspondent or intermediary banks can take a cut, and if the money changes currency, the bank usually applies a rate below the real market rate.

The real cost is often in the rate, not in the fee: the bank converts at a rate with a margin built in. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For a lot of currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. Next time you send money, it is worth comparing what arrives via GoldexPay. You can still keep your account at A2x Proprietary Limited to fund the transfer, while a cheaper service handles the conversion.

Where our SWIFT data comes from

The codes here are taken from publicly available data. Still, banks merge or retire codes. Figures such as the number of codes come from our directory.

See the information here as a helpful check, and let the details from the recipient or A2x Proprietary Limited have the final say. GoldexPay has no connection to A2x Proprietary Limited. Spotted outdated information? Let us know via our contact form and we will look into it.

Watch out for payment fraud

Criminals regularly use payment requests containing new bank details, sometimes in an email that looks completely genuine. That AAXXZAJJ is a real code is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Always verify a change of bank details through a phone call, using a number you already had. Pressure or secrecy are red flags – a real supplier can wait a day. If a payment was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Fraud also target the receiver: someone sends more than agreed and wants you to return the extra via a different route. Wait until the money has really arrived.

Before you send: check the A2x Proprietary Limited code

The best place to find the correct BIC is paperwork issued by the bank, such as a statement or the account details in online banking. Check it with AAXXZAJJ here.

A wrong SWIFT code can cause a delay, a payment being sent back or extra fees along the way. An error in the IBAN or account number can be more serious, because the money may be credited to someone else, so check that just as carefully.

Most online banking apps check the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. If your bank offers it, a payee name check on the recipient adds an extra layer of safety. For a first payment, many people start with a small test amount before sending the rest.

What to give a sender who pays you at A2x Proprietary Limited

Someone abroad who wants to pay you needs several details from you – incomplete details often cause delays. The basics are: the account holder’s name, IBAN or account number, AAXXZAJJXXX or AAXXZAJJ and often your home address.

Some sending banks want the name and address of A2x Proprietary Limited in Johannesburg; it does no harm to include it. A typo in your account number is more trouble than you might think, so copy the details from your online banking.

Money from abroad will not always land in full. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. Agree with the sender who covers the fees, especially for larger amounts.

Tracking a transfer to or from A2x Proprietary Limited

How fast a transfer arrives at A2x Proprietary Limited depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Weekends and public holidays in the sending or receiving country can add a day or more. Extra checks on larger or unusual payments may also add a delay, even when all details are correct.

If a transfer seems late, ask the sending bank about the tracking status so they can trace it along the chain. Specialist transfer services usually show tracking in their app so you can see how far the money is.

A missing payment is investigated from the sending side on the basis of the transfer details. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

Choosing between the 2 SWIFT codes of A2x Proprietary Limited

A2x Proprietary Limited has 2 separate SWIFT/BIC codes. One of them is the head office code, AAXXZAJJXXX; the others belong to branches or departments, and sometimes specific services.

If nobody asks you for a branch code, go with AAXXZAJJXXX or its short form AAXXZAJJ. A branch code only makes sense if the account holder specifically mentions it.

The best way is to copy the code directly from the account holder’s bank details. Codes are sometimes changed or retired over time, so do not rely on old paperwork.

South African Rand (ZAR) and conversion costs

Most accounts at A2x Proprietary Limited are usually held in ZAR, the national currency of South Africa. A payment in a foreign currency will be exchanged into ZAR, and whoever converts it chooses the rate. Each conversion costs the amount, even when no fee is shown.

Who converts the money makes a difference: every bank has its own margin. In many cases you pay less if you send ZAR directly via a transfer service with a good rate, so that the receiving bank does not need to convert again.

The rate for ZAR fluctuates constantly, so the amount you see is usually only valid for a short time. With bigger transfers, a seemingly small gap in the rate adds up quickly.