South African Breweries LTD SWIFT/BIC code

SABMZAJ1 – the SWIFT/BIC code of South African Breweries LTD

If an invoice shows SABMZAJ1 or SABMZAJ1XXX, you are looking at the same address for South African Breweries LTD in South Africa. A SWIFT code shows the banks handling a payment exactly which bank should receive the money, much like a postcode for banks. In practice you usually see the code on international invoices, in your banking app and on the account details that South African Breweries LTD provides.

We wrote this page to help anyone who sends money to an account at South African Breweries LTD without mistakes. The BIC identifies a bank or branch, not a specific account; the IBAN or account number does that.

Head office or branch code at South African Breweries LTD?

South African Breweries LTD has 4 separate SWIFT/BIC codes across 1 cities. One of them is the head office code; the others identify branches or departments, and sometimes internal departments.

If nobody asks you for a branch code, go with SABMZAJ1XXX or its short form SABMZAJ1. Branch codes are only needed if the recipient’s bank specifically asks for it, which is more common for business accounts and trade services.

The safest approach is to copy the code directly from the account holder’s bank details. Branch codes are more prone to be retired than SABMZAJ1XXX when a bank merges or closes offices.

Transfer times and tracking a payment to South African Breweries LTD

There is no fixed delivery time for every transfer: many arrive within a day while others need several business days. Weekends and public holidays in either country can add a day or more. Extra checks by one of the banks may also cause a delay.

A growing number of banks are connected to SWIFT gpi. Each gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation.

A delayed transfer is traced by the sending bank, using the payment confirmation. As a recipient, you can check your account for a slightly lower amount, since fees may have been deducted.

Paying into South African Breweries LTD in ZAR

South Africa pays in the South African Rand, with the currency code ZAR. If you send another currency, the amount has to be converted somewhere along the way. You rarely see a separate line for the conversion; it is built into the rate.

Where the conversion happens affects the final amount, since every bank sets its own rate. Often it is cheaper to send ZAR directly via a provider with a good rate.

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

Watch out for payment fraud

Be alert when a contact unexpectedly asks you to send money to a different account or a bank in another country. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Before paying, verify changed bank details by phone. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. If a payment has already gone to a fraudster, contact your bank immediately.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to refund the difference abroad. A payment confirmation from the sender is no proof – check your own account.

International transfers from South African Breweries LTD: the real cost

When you transfer money to another country from South African Breweries LTD, the fee you see is rarely all of what you pay. You pay the transfer fee, sometimes charges from correspondent banks along the way and, above all, the margin on the exchange rate if the currency changes.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts using an exchange rate that includes a margin. An easy check: set the rate you get next to the mid-market rate for the same moment and look at the difference.

For many routes, a transfer service turns out to be less expensive than a traditional bank transfer. GoldexPay compares the amount that arrives across providers, which makes the cheapest option easy to spot. You can still keep your account at South African Breweries LTD as the source of the money; only the conversion and sending happen elsewhere.

Is SABMZAJ1 still correct? How to check

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Check it against SABMZAJ1 here and ask if anything does not match.

Mistakes in the SWIFT code are annoying rather than disastrous. Remember the account number: a mistake there is harder to undo than a wrong BIC.

Most online banking apps check the structure of IBANs and some suggest the matching BIC. Some banks now check the payee name against the account before you confirm; take any warning seriously. When you pay someone new, some people start with a small amount first and wait for confirmation.

What the XXX in SABMZAJ1XXX means

A SWIFT code is made up of fixed blocks: the first four letters identify the bank, the next two give the country and the two after that mark the location. That gives you SABMZAJ1 for South African Breweries LTD.

Many banks and apps work with either length. If a form asks for eleven characters, enter SABMZAJ1XXX, otherwise SABMZAJ1 is fine.

Do not add spaces or dashes when you enter SABMZAJ1. Pasting the code beats typing it by hand, because one wrong letter changes the bank.

Where our SWIFT data comes from

The codes on this page are taken from publicly available data. It can happen that information on this page is no longer current, for example after a merger. The number of codes on this page reflect what is in our directory and not on information from South African Breweries LTD itself.

See the information on this page as a handy check. GoldexPay is a comparison service for money transfers and not affiliated with South African Breweries LTD. If you notice a mistake, we welcome a short note via the contact page.

What to give a sender who pays you at South African Breweries LTD

A sender in another country will ask for a few details about your account – incomplete details often cause delays. Give them your name as the bank knows it, your account number or IBAN, the BIC SABMZAJ1XXX and your address, which some banks require.

Their bank may also ask for the bank address of South African Breweries LTD. Check the details before you send them – a sender rarely spots a mistake in someone else’s details.

What lands in your account is often less than the amount sent. Charges on incoming payments differ from bank to bank; check the price list of South African Breweries LTD. Make clear with the sender who covers the fees.