People's Bank of Zanzibar, The SWIFT/BIC code

SWIFT/BIC code of People's Bank of Zanzibar, The

PBZATZTZ and PBZATZTZXXX are two spellings of the same SWIFT/BIC code, and both lead to People's Bank of Zanzibar, The in Zanzibar. Banks worldwide use these codes to direct payments between countries to the right institution. It comes up mainly for transfers between countries.

Below you will find the practical questions: receiving money at People's Bank of Zanzibar, The, paying someone in another country and how to verify the code before you confirm a payment. Keep in mind that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

A note on our data

We collect SWIFT/BIC codes using publicly available data and update our list regularly. It can happen that a code on this page is no longer current, for example after a merger. The figures on this page reflect what is in our directory and not on information from People's Bank of Zanzibar, The itself.

For a payment that matters, confirm the code with People's Bank of Zanzibar, The or with the recipient. We are an independent comparison site and not affiliated with People's Bank of Zanzibar, The. If you notice something that is out of date, we welcome a message via the contact page.

Sending money abroad from People's Bank of Zanzibar, The

When you transfer money to another country from People's Bank of Zanzibar, The, the visible fee is only part of what you pay. Besides the transfer fee, banks in between may deduct a fee, and if the money changes currency the bank often uses a rate that is less favourable than the actual market rate.

The real cost is often in the rate: the bank converts using an exchange rate with a margin built in. Check the rate you are offered with the mid-market rate.

For a lot of currency pairs, a specialist provider is less expensive than a bank – mostly thanks to the rate. GoldexPay compares what recipients receive across services. Choosing a specialist does not mean leaving People's Bank of Zanzibar, The: you simply pay the service from your account.

Is PBZATZTZ still correct? How to check

Ask the recipient to copy their account details straight from a recent statement. Check it with PBZATZTZ on this page and ask if anything does not match.

A wrong SWIFT code may lead to delays, a payment being sent back or additional charges along the way. A mistake in the account number is more serious, because the money may be credited to someone else, so check that just as carefully.

Most online banking apps validate the format of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. More and more banks check the name against the account. For a first payment, some people start with a small test amount before sending the rest.

Transfer times and tracking a payment to People's Bank of Zanzibar, The

A SWIFT payment usually needs one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in either country can add a day or more. Sometimes a bank wants to know about the purpose of a payment before releasing it.

If the money seems late, contact your bank about the tracking status so they can trace it along the chain. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

A missing payment has to be traced by the sending bank, using the payment confirmation. Ask the sender for a copy of the payment confirmation with the date and reference; that often settles the question quickly.

Receiving money from abroad at People's Bank of Zanzibar, The

A sender in another country needs a few details from you – incomplete details often cause delays. The basics are: your name, IBAN or account number, PBZATZTZXXX or PBZATZTZ and, for some countries, your home address.

It helps to add People's Bank of Zanzibar, The and Zanzibar too. A typo in the IBAN is harder to fix than it looks; copy them from your banking app rather than typing.

An incoming payment will not always land for the full amount. Intermediary banks may deduct a fee, People's Bank of Zanzibar, The may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. For business payments, it is common to agree how the fees are split, so that nobody is left short.

Protect yourself against fake payment requests

A common scam works like this: you receive a request saying that a supplier has a new bank account. A correct SWIFT code tells you nothing about whether the request is genuine.

Never trust contact details from the same email that announces the change. Watch out for urgent requests, odd spelling or a sender address that is slightly off. When money was sent to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference to another account. Wait until the money is actually in your account and check with People's Bank of Zanzibar, The if anything seems off.

PBZATZTZ or PBZATZTZXXX – which one to use?

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. Together, those parts make up PBZATZTZ.

Most banks and apps work with both lengths. If a form asks for eleven characters, enter PBZATZTZXXX; if it wants eight, use PBZATZTZ.

Type the code in one piece, in upper case and without separators, exactly as shown here. Watch for the letter O and the digit 0 and the letter I and the digit 1, a common source of typos.

People's Bank of Zanzibar, The: head office code versus branch codes

People's Bank of Zanzibar, The uses 3 separate SWIFT/BIC codes across 1 locations. One of them is the head office code; the rest belong to branches or departments.

In most cases there is no need to look up a branch: transfers sent to PBZATZTZXXX are routed within People's Bank of Zanzibar, The without problems. If you have been given a specific code, use it as it is rather than replacing it with the head office code.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes can change over time, so a code from an old document is not always valid.