Allan Gray Limited SWIFT/BIC code

Allan Gray Limited SWIFT code: AIICZAJ1

Whether you are given AIICZAJ1 or AIICZAJ1XXX, it is the same address for Allan Gray Limited in South Africa. Banks worldwide use these codes to direct payments between countries to the correct bank. In practice you usually come across it on international invoices, in payment forms and in the bank details of Allan Gray Limited customers.

On this page we explain how the code means, when you need it and which other details a transfer to or from Allan Gray Limited requires. The SWIFT code alone cannot identify an individual account holder; for that you need the account number or IBAN .

Incoming international payments to Allan Gray Limited

For a transfer from abroad into your account at Allan Gray Limited, the person paying you has to have not just the SWIFT code. Share the account holder’s name, the IBAN or account number, SWIFT code AIICZAJ1XXX and your address.

Some banks also ask for the name and address of Allan Gray Limited, so keep it at hand. Double-check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Expect that the amount credited is below the amount on the sender’s receipt. Fees for incoming transfers vary from bank to bank. On invoices, it is common to agree who bears the costs.

Paying someone abroad from your Allan Gray Limited account

A bank transfer abroad costs more than the fee suggests. On top of a fixed fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted, the bank usually uses a rate below the real market rate.

That exchange rate margin is often the biggest cost even though it is not listed as a fee. Compare their rate with the mid-market rate. The difference is your real conversion cost.

Specialised transfer providers frequently use a rate near the mid-market rate. GoldexPay lists transfer providers side by side so you can see the amount the recipient gets for the same amount sent. You can still use your account at Allan Gray Limited to fund the transfer.

How long does an international transfer to Allan Gray Limited take?

A SWIFT payment usually needs anywhere from one to several business days – it depends on currency, route and the banks in between. Bank 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 a delay, even when all details are correct.

When a payment takes longer than expected, contact the sending bank for the tracking status or the UETR so they can trace it along the chain. Specialist transfer services often show tracking in their app showing where the money has got.

If the money does not arrive after a few business days, the person who paid should contact the bank that sent it. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

8 or 11 characters: AIICZAJ1 versus AIICZAJ1XXX

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. That gives you AIICZAJ1, the short form of the code.

Most banks and apps accept both lengths. If yours asks for eleven characters, enter AIICZAJ1XXX; if it wants eight, use AIICZAJ1.

In practice the code is written in capitals and without spaces. Copying the code beats retyping it: a typo can point to another bank.

Paying into Allan Gray Limited in ZAR

Most accounts at Allan Gray Limited are typically held in ZAR, the local currency. If you send money in a different currency, the amount gets converted somewhere along the way. There is rarely a separate line for that conversion; it is built into the rate.

Which bank converts the payment makes a difference, because each party uses its own rate. Compare what ZAR the recipient gets via different providers; the difference between options can be larger than you expect.

The rate for ZAR changes throughout the day and quotes are often valid only for a short time. For regular payments, small differences in the rate make a real difference over time.

How up to date is this code?

Our SWIFT/BIC directory is based on publicly available sources and we update it periodically. Institutions merge, change names and change codes. Counts and locations come from our directory.

Treat our data as a starting point, not as the last word. GoldexPay has no connection to Allan Gray Limited; we are a comparison site for money transfers. Spotted outdated information? Let us know through the contact page and we will look into it.

Verifying the SWIFT code of Allan Gray Limited

The most reliable source for the BIC is the recipient’s own bank details. Compare it against AIICZAJ1 here.

Errors in the SWIFT code are costly rather than disastrous. Do not forget the account number: a mistake there can be more difficult to undo than a wrong BIC.

Most online banking apps validate the structure of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks compare the payee name against the account – do not ignore a mismatch warning. When you pay someone new, many people start with a small amount first and wait for confirmation.

Choosing between the 2 SWIFT codes of Allan Gray Limited

Having 2 codes in 1 locations, Allan Gray Limited is one of the banks that register individual codes for parts of the organisation. The head office code remains AIICZAJ1XXX.

In most cases you do not need to pick a branch: payments sent to AIICZAJ1XXX are routed within Allan Gray Limited without problems. When you receive a branch code, stick to it rather than swapping it for the head office code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes can change over time.

Changed bank details? Be careful

Stay wary when a contact suddenly wants you to send money to another account or a bank in another country. A correct SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed payment details via a separate channel, such as a phone number you already know, not by replying to the message. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Acted too fast? Call the bank you paid from without delay and have them try to recall the payment.

Fraud also target the receiver: someone claims to have sent more than agreed and asks you to return the difference to a new account. Wait until the money is actually in your account – ask Allan Gray Limited if something looks wrong.