Strate (Pty) LTD SWIFT/BIC code

What STRAZAJJ means for a payment to Strate (Pty) LTD

The 8-character code STRAZAJJ and the full code STRAZAJJXXX refer to one and the same institution: Strate (Pty) LTD in Sandton, South Africa. A BIC has a single purpose: it ensures that an international payment reaches the right bank. In daily life you mostly see it on invoices from abroad, in your banking app and on the account details that Strate (Pty) LTD provides.

On this page you will find how the code means, when it matters and which other details a transfer to or from Strate (Pty) LTD requires. The SWIFT code alone does not identify a personal account; that is what the IBAN or account number .

What to give a sender who pays you at Strate (Pty) LTD

If you expect money from abroad, send the payer a complete set of details. Give them your name as the bank knows it, the IBAN or account number, the BIC STRAZAJJXXX and your address.

Certain sending banks want the bank’s address; it does no harm to include it. Check the details before you send them.

An incoming payment does not always arrive for the full amount. Intermediary banks may deduct a fee, Strate (Pty) LTD may charge for incoming payments, and when currencies differ, a markup on the rate comes on top. Make clear with the sender who covers the fees before the money is sent.

Sending ZAR to Strate (Pty) LTD

The currency in South Africa is the South African Rand (ZAR). Money sent in a different currency is converted into ZAR on its way to Strate (Pty) LTD. You rarely see a separate charge for the conversion – the cost sits in the rate.

Which bank converts the payment matters. Transferring the money directly in ZAR often avoids a second conversion.

Exchange rates move all the time – some services let you fix a rate in advance. With bigger transfers, even small gap in the rate can be worth more than the fee.

When will the money arrive at Strate (Pty) LTD?

How fast a payment arrives at Strate (Pty) LTD depends on a few things: the currency, how many intermediary banks are involved, cut-off times and time zones. Transfers sent after the cut-off time or just before weekends and holidays often go out the next business day. Extra checks by one of the banks can also add a delay, even when all details are correct.

Many banks use SWIFT gpi. Every payment gets a unique reference, the UETR. Money transfer services usually show tracking in their app showing how far the payment is.

If the money does not arrive within the expected time, the person who paid needs to start with the bank that sent it rather than Strate (Pty) LTD. Request from the sender the payment receipt – it helps your own bank look for the money.

Head office or branch code at Strate (Pty) LTD?

Having 5 codes in 2 cities, Strate (Pty) LTD belongs to the banks that use separate codes for branches. The head office code remains STRAZAJJXXX.

For most payments to a private or business account, the head office code STRAZAJJXXX works fine. Just use a branch code when your contact explicitly asks for it, for example on a letter or invoice.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more prone to be retired than STRAZAJJXXX when a bank merges or closes offices.

Paying someone abroad from your Strate (Pty) LTD account

When you transfer money abroad via Strate (Pty) LTD, the fee you see is only part of the cost. Besides the transfer fee, correspondent or intermediary banks may deduct a fee, and if the money changes currency the bank usually applies a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the largest cost because it is hidden in the rate. An easy check: put the rate you get against the mid-market rate and look at the difference.

Specialist money transfer services often use a rate near the mid-market rate. GoldexPay compares transfer providers side by side, showing what actually arrives before you commit. Using a transfer service does not mean closing your account at Strate (Pty) LTD – you pay the provider from your own account.

STRAZAJJ or STRAZAJJXXX – which one to use?

A BIC is made up of fixed blocks: characters one to four stand for the bank, the next two show the country and characters seven and eight mark the location. Together, those parts form STRAZAJJ – the version you usually see online.

Many banks and apps accept either length. If a form requires eleven characters, use STRAZAJJXXX; if it wants eight, use STRAZAJJ.

Leave out spaces when you enter STRAZAJJ or STRAZAJJXXX. A wrong letter can send the money to a different institution.

Where our SWIFT data comes from

We gather bank codes using publicly available data and update them regularly. Still, banks merge or retire codes. Figures such as the number of codes are from our own dataset and are not confirmed by Strate (Pty) LTD.

Treat this page as a starting point, rather than as the final word: the recipient’s bank details come first. GoldexPay has no connection to Strate (Pty) LTD. If you notice something that is out of date, we welcome a short note.

Scams that use SWIFT codes

Stay wary when a contact suddenly wants you to pay into another account or a bank in another country. A valid SWIFT code tells you nothing about whether the request is genuine.

Before paying, verify changed bank details by phone. Pressure or requests to keep it quiet are red flags – a real supplier can wait a day. Already paid? Call your bank without delay and have them start a recall and report the fraud.

Fraud also target the receiver. Someone claims to have sent more than agreed and wants you to return the difference via a different route. A screenshot of a transfer is no proof – check your own account.

Before you send: check the Strate (Pty) LTD code

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have does not match STRAZAJJ or STRAZAJJXXX, do not guess – contact the recipient or Strate (Pty) LTD.

If the code is wrong, the payment might be delayed, bounce back or end up costing more. An error in the IBAN or account number can be more serious, because the money may be credited to someone else.

A validity check in your banking app only tells you that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a name check before sending gives extra certainty. When you pay someone new, some people start with a small amount first before sending the rest.