Savings and Social Development Bank SWIFT/BIC code

What SBSUSDK1 means for a payment to Savings and Social Development Bank

The 8-character code SBSUSDK1 and the 11-character code SBSUSDK1XXX identify the same bank: Savings and Social Development Bank, with its head office in Khartoum. Every bank on the SWIFT network uses these codes to route payments between countries to the right institution. In practice you mostly come across it on international invoices, in payment forms and on the account details that Savings and Social Development Bank provides.

Further down we go through the practical side: receiving money at Savings and Social Development Bank, paying someone in another country and how to verify the code before you hit send. A SWIFT code names an institution, not a single account, which is why you always need the account number too.

Why Savings and Social Development Bank has an 8- and an 11-character code

A BIC is built from a few fixed parts: characters one to four identify the bank, the next two give the country and characters seven and eight indicate the location. That gives you SBSUSDK1 for Savings and Social Development Bank.

XXX at the end of SBSUSDK1XXX is not a placeholder or a mistake: it indicates the head office of Savings and Social Development Bank. Certain payment forms insist on 11 characters, in which case you simply add XXX behind SBSUSDK1.

Type the code in one piece, in capitals and without separators, exactly as shown here. A single character may route a payment to another bank, so check it twice.

Which of the 2 codes of Savings and Social Development Bank do you need?

Savings and Social Development Bank has 2 different SWIFT/BIC codes across 1 cities. Only one is the head office code, SBSUSDK1XXX; the others identify branches or departments.

For the vast majority of incoming transfers, the head office code SBSUSDK1XXX works fine. A branch code only makes sense when the recipient’s bank specifically asks for it, which is more common for business accounts and specialised services.

The best way is to take the code straight from the account holder’s bank details. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

When will the money arrive at Savings and Social Development Bank?

A SWIFT payment usually needs anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country can add extra days, since banks do not process on those days. Occasionally a bank wants to know what the payment is for, which can hold things up.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique reference, the UETR. Specialist transfer services often provide tracking in their app showing where the payment is.

The bank that sent the money is able to request a trace; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt – it helps your own bank look for the money.

What to give a sender who pays you at Savings and Social Development Bank

For an international payment into your account at Savings and Social Development Bank, the person paying you needs more than the SWIFT code. What they need is: your name, IBAN or account number, SBSUSDK1XXX and often your postal address.

It helps to add Savings and Social Development Bank and its city as well. Double-check the details before you share them.

What lands in your account is often less than what was sent. Charges on incoming payments vary per bank; check the price list of Savings and Social Development Bank. On invoices, you can state who bears the costs, so that nobody is left short.

Is SBSUSDK1 still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. When the code you were given differs from SBSUSDK1 or SBSUSDK1XXX, stop and ask – contact the recipient or Savings and Social Development Bank.

An incorrect BIC may lead to a delay, a payment being sent back or additional charges along the way. Do not forget the account number: an error there is more difficult to correct than a wrong BIC.

Many banking apps validate the format 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 name with the account; take any warning seriously. A small test payment is worth it for large sums despite the extra fee.

How up to date is this code?

The codes on this page are taken from public sources. Banks reorganise, close branches and retire codes – a directory can be a step behind. The number of codes on this page reflect what is in our directory.

Treat this page as a starting point, not as the last word. GoldexPay is independent of Savings and Social Development Bank, we only compare transfer services. Found outdated information? Let us know through the contact page so we can correct it.

Sending money abroad from Savings and Social Development Bank

When you send money abroad via Savings and Social Development Bank, the fee you see is only part of the cost. On top of the transfer fee, correspondent or intermediary banks can take a cut, and when currencies are converted, the bank usually uses a rate that is less favourable than the real market rate.

Banks rarely show their exchange rate markup as a cost, but you pay it all the same. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For a lot of routes, a transfer service turns out to be cheaper than a traditional bank transfer. GoldexPay lists these services side by side so you can see the amount the recipient gets for the same amount sent. You can always use your account at Savings and Social Development Bank.

Scams that use SWIFT codes

Stay wary when a contact unexpectedly asks you to send money to a different account. A valid SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Always confirm changed bank details through a phone call on a number you know, not one from the message. Urgency and requests to keep it quiet tend to be red flags – a real supplier can wait a day. Acted too fast? Call the bank you paid from straight away and have them try to recall the payment.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to send back the difference to another account. Wait until the money is actually in your account and check with Savings and Social Development Bank if anything seems off.