Philippus de Witt (Pty) LTD SWIFT/BIC code

WIMOZAJJ – the SWIFT/BIC code of Philippus de Witt (Pty) LTD

Whether you are given WIMOZAJJ or WIMOZAJJXXX, you are looking at the identical identifier for Philippus de Witt (Pty) LTD in South Africa. A BIC has a single purpose: it makes sure that money from abroad ends up at the right bank. In practice you mostly come across it on invoices from abroad, in your banking app and in the bank details that Philippus de Witt (Pty) LTD provides.

Further down you will find the practical questions: receiving money at Philippus de Witt (Pty) LTD, sending money abroad and how to verify a SWIFT code before you confirm a payment. The SWIFT code alone does not identify a personal account; that is what the account number or IBAN is for.

Sending money abroad from Philippus de Witt (Pty) LTD

A bank transfer abroad can cost more than the fee suggests. You pay the transfer fee, possibly fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

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

Money transfer services often offer a rate near the mid-market rate. GoldexPay compares what recipients receive across providers, which makes the cheapest option easy to spot. You can still use your account at Philippus de Witt (Pty) LTD.

Verifying the SWIFT code of Philippus de Witt (Pty) LTD

The best place to find the correct BIC is a document from the bank itself, such as a statement or the account details in online banking. If the code you have differs from WIMOZAJJ or WIMOZAJJXXX, stop and ask.

With a wrong code, the payment might get stuck, bounce back or end up costing more. Remember the account number: a mistake there can be more difficult to correct than a wrong code.

Many banking apps validate the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks check the name against the account; take any warning seriously. For a first payment, many people send a small amount first before sending the rest.

How up to date is this code?

We collect SWIFT/BIC codes from publicly available data and check them from time to time. It can happen that information here is no longer current. Figures such as the number of codes come from our own dataset and are not confirmed by Philippus de Witt (Pty) LTD.

Use our data as a reference, rather than as the last word. GoldexPay has no connection to Philippus de Witt (Pty) LTD; we are a comparison site for money transfers. Should you notice something that is out of date, we appreciate a short note.

The South African Rand and what conversion costs you

The currency in South Africa is the South African Rand (ZAR). A payment in a foreign currency will be converted into ZAR before it reaches the account, and whoever converts it chooses the rate. Every conversion eats into the amount, even when no fee is shown.

Where the conversion happens has an effect on the final amount, as rates and margins differ per bank. Check how much ZAR the recipient gets with several providers; the difference between options can be larger than you expect.

The ZAR rate changes throughout the day and quotes are often valid only for a short time. For recurring payments, small differences in the rate add up over time.

Incoming international payments to Philippus de Witt (Pty) LTD

To receive an international payment at Philippus de Witt (Pty) LTD, the person paying you has to have more than the SWIFT code. Share the account holder’s name, the IBAN or account number, SWIFT code WIMOZAJJXXX and your address, which some banks require.

Certain sending banks also ask for the name and address of Philippus de Witt (Pty) LTD in Johannesburg, so keep it at hand. Double-check each detail before you share them.

Money from abroad will not always arrive for the full amount. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin comes on top. Make clear with the sender who pays which costs before the money is sent.

Watch out for payment fraud

Fraudsters regularly send fake invoices containing new bank details, sometimes in an email that looks completely genuine. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Verify new payment details via a separate channel like a call to a number from an earlier contract, never via the email that asked for the change. Urgency or secrecy tend to be warning signs. Already paid? Call your bank straight away and have them start a recall; also report it to the police.

Scams can also work the other way: someone claims to have sent more than agreed and wants you to refund the extra. A screenshot of a transfer proves nothing.

Tracking a transfer to or from Philippus de Witt (Pty) LTD

There is no single delivery time for international payments: some arrive the same day or the next while others need several business days. Weekends and public holidays in the sending or receiving country add extra days, since banks do not process on those days. Sometimes a bank wants to know what the payment is for, which can hold things up.

If the money is delayed, ask the sending bank about the tracking status. Save the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender the payment receipt including the reference.

Which of the 2 codes of Philippus de Witt (Pty) LTD do you need?

Philippus de Witt (Pty) LTD uses 2 separate SWIFT/BIC codes. One of them is the head office code; the rest identify branches or departments.

In most cases there is no need to pick a branch: transfers sent to WIMOZAJJXXX reach Philippus de Witt (Pty) LTD without problems. When you receive a branch code, stick to it instead of swapping it for the head office code.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes for branches are more likely to be retired than WIMOZAJJXXX when a bank merges or closes offices.

WIMOZAJJ or WIMOZAJJXXX – which one to use?

A BIC is made up of a few fixed parts: the first four letters stand for the bank, the next two show the country and characters seven and eight mark the location. Together, these eight characters make up WIMOZAJJ – the version you usually see online.

XXX at the end of WIMOZAJJXXX does not stand for a placeholder or a mistake: it indicates the head office of Philippus de Witt (Pty) LTD. Some banking apps insist on 11 characters, and then you simply add XXX after WIMOZAJJ.

In practice the code is written in capitals and without spaces. Copying the code beats retyping it, because one wrong letter changes the bank.