Sabmiller Tanzania SWIFT/BIC code

Sabmiller Tanzania SWIFT code: SABMTZT1

The short code SABMTZT1 and the 11-character code SABMTZT1XXX refer to one and the same institution: Sabmiller Tanzania, with its head office in Dar Es Salaam. Every bank on the SWIFT network uses these codes to direct international transfers to the right bank. It comes up mainly for transfers between countries or a currency.

This page is meant to help people who pays into an account at Sabmiller Tanzania. A SWIFT code names a bank or branch, not a single account.

Transfer times and tracking a payment to Sabmiller Tanzania

A SWIFT payment typically takes anywhere from one to several business days. Weekends and public holidays in either country can add a day or more. Sometimes a bank asks what the payment is for.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every payment carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation.

Only the sending bank is able to start an official trace or a recall; the receiving side usually has nothing to trace yet. As a recipient, you can look at your statements to see a partial amount because fees can reduce the amount.

SABMTZT1 or SABMTZT1XXX – which one to use?

A BIC is made up of fixed blocks: characters one to four stand for the bank, characters five and six show the country and the two after that mark the location. That gives you SABMTZT1.

Most payment forms accept either length. If a form requires eleven characters, use SABMTZT1XXX, otherwise SABMTZT1 is fine.

As a rule the code is written in capitals. Look out for O versus 0 and the letter I and the digit 1; they are easy to mix up.

Sabmiller Tanzania: head office code versus branch codes

Our directory lists 3 SWIFT/BIC codes for Sabmiller Tanzania in 1 places. Next to the head office code SABMTZT1XXX, you will find codes for branches, departments or specific services.

If nobody asks you for a branch code, use SABMTZT1XXX. If you have been given a branch code, stick to it instead of swapping it with the head office code.

Unsure which code to use? Check with the recipient, or look at a recent statement from Sabmiller Tanzania. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Watch out for payment fraud

A common scam works like this: you receive a request saying that a supplier has a new bank account and that the next payment should go there. That SABMTZT1 is a real code does not mean that a request mentioning it is legitimate.

Check new payment details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Pressure and requests to keep it quiet tend to be red flags. Already paid? Contact the bank you paid from straight away and have them start a recall; also report it to the police.

Scams also target the receiver. Someone claims to have sent more than agreed and wants you to return the extra. A screenshot of a transfer proves nothing.

Getting paid from abroad into a Sabmiller Tanzania account

If you are waiting for a payment from another country, send the payer a complete set of details. In practice that means: your full name exactly as it appears on the account, your account number or IBAN, the BIC SABMTZT1XXX and, often, your address.

The sender’s bank may also ask for the address of your bank; the head office in Dar Es Salaam is usually fine. Double-check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive is often lower than the amount sent. Intermediary banks may deduct a fee, and if the currency changes, an exchange rate margin applies. Agree with the sender who pays which costs.

How up to date is this code?

This directory is compiled from public sources and we update it periodically. Still, banks merge, rename themselves or change codes, so information can be out of date. Figures such as the number of codes come from our own dataset.

For a payment of any size, always confirm the BIC with Sabmiller Tanzania or the recipient. GoldexPay has no connection to Sabmiller Tanzania, we only compare transfer services. Should you notice something that is out of date, we welcome a message via the contact page.

Is SABMTZT1 still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Compare it with SABMTZT1 here.

Errors in the SWIFT code tend to be annoying rather than disastrous: often the payment comes back, minus fees. A mistake in the account number is a bigger problem, so check that just as carefully.

An automatic check by your bank only confirms that the IBAN is valid – not that it belongs to the person you mean to pay. Where available, a name check on the recipient gives extra certainty. When you pay someone new, many people send a small test amount.

What a transfer from Sabmiller Tanzania abroad really costs

If you send money abroad via Sabmiller Tanzania, the visible fee is rarely all of what you pay. Besides the transfer fee, banks in between can take a cut, and if the money changes currency, the bank usually uses a rate that is less favourable than the actual market rate.

The markup on the rate is often the biggest cost even though it is not listed as a fee. A simple test: put the rate you get next to the mid-market rate and work out the difference on your amount.

Specialist money transfer services frequently use rates closer to the mid-market rate. Next time you send money, take a minute to compare what arrives via GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require closing your account at Sabmiller Tanzania.