Rmb Securities (Pty) Limited SWIFT/BIC code

RMBSZAJJ – the SWIFT/BIC code of Rmb Securities (Pty) Limited

The short code RMBSZAJJ and the 11-character code RMBSZAJJXXX refer to the same bank: Rmb Securities (Pty) Limited, with its head office in Johannesburg. Every bank on the SWIFT network uses these codes to route payments between countries to the right bank. In daily life you usually come across the code on international invoices, in payment forms and in the bank details of Rmb Securities (Pty) Limited customers.

On this page you can read what the code means, when it matters and what else a transfer to or from Rmb Securities (Pty) Limited requires. Keep in mind that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

8 or 11 characters: RMBSZAJJ versus RMBSZAJJXXX

The structure of a BIC is always the same: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. For Rmb Securities (Pty) Limited, that core is RMBSZAJJ.

The 11-character version has a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, which is why RMBSZAJJXXX and RMBSZAJJ lead to the same place.

As a rule the code is written in capitals and without spaces. Look out for the letter O and the digit 0 and the letter I and the digit 1.

The South African Rand and what conversion costs you

South Africa uses the South African Rand, with the currency code ZAR. When you pay money in a different currency has to be converted at some point. Every conversion eats into something, even when no fee is shown.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Sending the amount directly in ZAR usually prevents an extra conversion, provided the rate you get is fair.

The rate for ZAR fluctuates constantly, so the amount you see is usually only valid for a short time. If you pay regularly, small differences in the rate make a real difference over a year.

How up to date is this code?

We gather bank codes from public sources and update them from time to time. Still, banks merge, rename themselves or change codes. Figures such as the number of codes come from our directory and are not confirmed by Rmb Securities (Pty) Limited.

Treat the information on this page as a helpful check. GoldexPay has no connection to Rmb Securities (Pty) Limited. Should you notice something that is out of date, we welcome a short note.

Incoming international payments to Rmb Securities (Pty) Limited

If you are waiting for money from abroad, give the sender all details at once. Share the account holder’s name, the IBAN or account number, the BIC RMBSZAJJXXX and your address, which some banks require.

It helps to add Rmb Securities (Pty) Limited and its city as well. Check the details before you send them, because the sender’s bank usually copies them as is.

Expect that the incoming amount is below what the sender paid. Charges on incoming payments vary from bank to bank. On invoices, it is common to state who bears the costs.

Transfer times and tracking a payment to Rmb Securities (Pty) Limited

How quickly a payment reaches Rmb Securities (Pty) Limited depends on several factors: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Payments made after the cut-off time or just before weekends and holidays often start the next business day. Occasionally a bank wants to know what the payment is for, which can hold things up.

When a payment takes longer than expected, contact your bank about the status so they can trace it along the chain. Money transfer services often provide tracking online showing where the money has got.

The bank that sent the money can start an official trace or a recall. Request from the sender a copy of the payment confirmation including the reference – it helps your own bank look for the money.

Choosing between the 2 SWIFT codes of Rmb Securities (Pty) Limited

Our directory lists 2 SWIFT/BIC codes for Rmb Securities (Pty) Limited, spread over 1 locations. Next to the head office code RMBSZAJJXXX, there are codes for regional offices and specialised units.

Unless the recipient tells you otherwise, go with RMBSZAJJXXX. A branch code only makes sense if the recipient’s bank specifically mentions it.

The best way is to copy the code directly from the recipient’s statement. Branch codes can change when banks reorganise, so do not rely on old paperwork.

Watch out for payment fraud

A common scam works like this: you receive a request claiming that a supplier has a new bank account and asking you to pay there from now on. A real SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Never trust a phone number in the same message that contains the change. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Contact your bank without delay and have them start a recall.

Recipients are targeted too: one known trick is a buyer who pays too much and then sends a request to send back the difference abroad. Wait until the money has really arrived.

Before you send: check the Rmb Securities (Pty) Limited code

The best place to find the right code remains paperwork issued by the bank, such as a statement or the account details in online banking. If the code you have does not match RMBSZAJJ or RMBSZAJJXXX, do not guess: check with the recipient or with Rmb Securities (Pty) Limited directly.

If the code is wrong, the payment may be delayed, be returned or end up costing more, and tracing it can take weeks. Do not forget the account number: an error there is harder to undo than a wrong BIC.

An automatic check by your bank merely confirms that the IBAN exists, not that it is the right account. If your bank offers it, a name check before sending gives extra certainty. When you pay someone new, some people send a small test amount.

Sending money abroad from Rmb Securities (Pty) Limited

If you send money abroad via Rmb Securities (Pty) Limited, the fee you see is rarely all of what you pay. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate.

That exchange rate margin tends to be the biggest item, and it is easy to miss. Compare the rate you are offered against the mid-market rate.

For many currency pairs, a transfer service turns out to be less expensive than a bank – mostly thanks to the rate. On GoldexPay we compare what recipients receive across providers, which makes the cheapest option easy to spot. You can still keep your account at Rmb Securities (Pty) Limited, while a cheaper service handles the conversion.