SWIFT/BIC codes in Togo

SWIFT/BIC codes in Togo

Our directory lists 19 banks and other institutions in Togo, with 28 SWIFT/BIC codes in total. Each code points to a bank or a specific branch or department, so a payment from abroad reaches the right place.

Look for the bank you need in the list and open its page to see the full list of codes. Below the list we explain how codes from Togo are built, how to send money to Togo without overpaying and how to check a code before you pay.

Incoming international payments in Togo

To receive a transfer from abroad into a Togo account, the sender has to have not just the BIC. That means: your full name as your bank knows it, your account number or IBAN, the BIC of your bank and sometimes your postal address.

Your bank’s code appears in our list, yet the version on your own statement or in your banking app is leading. Certain banks also ask for your bank’s address; it does no harm to include it.

What lands in your account can be lower than what was sent. Charges on incoming payments vary per bank; check the price list of your bank. Agree with the sender who pays which costs, especially for larger amounts.

Verifying a SWIFT code from Togo

The best place to find the correct BIC remains paperwork issued by the bank, such as a statement or the account page in online banking. If the code you have does not match our list, stop and ask.

We gather SWIFT/BIC codes from public sources and check our list regularly. Still, banks merge, rename themselves or change codes. Before a payment that matters, confirm the BIC with the recipient. GoldexPay is a comparison service for money transfers, not a bank.

Be wary of invoices containing changed bank details – a common fraud method. Always verify changed details through a separate channel.

What the letters in a Togo BIC mean

A SWIFT code is either 8 or 11 characters long and the parts always come in the same order. The first four letters stand for the bank, characters five and six form the country code and characters seven and eight mark the location.

In every code from Togo, characters five and six show the two-letter ISO code of Togo. A code with other letters in that position come from a bank abroad.

The last three characters, if present, stand for a specific branch; XXX means the head office. In most cases the head office code is what you need unless the recipient asks for a specific branch.

How long does a transfer to Togo take?

There is no fixed delivery time for transfers to Togo: many arrive within a day while others need several business days. Payments made after the cut-off time or on a weekend or public holiday usually start the next business day.

When a payment takes longer than expected, the sender should contact the sending bank and ask for the status or the UETR – the receiving bank often cannot see a payment that has not arrived. Keep your transfer receipt until the money has arrived.

International payments to Togo and the BIC

To pay into Togo you will usually need the BIC. Without the BIC, your bank will not send the payment.

Not all countries use IBAN numbers – where there is none, the local account number is enough. The recipient’s bank often has a list of required details for payments from abroad, and it is worth following them to the letter. On the way to Togo, a transfer may go through intermediary banks.

Sending money to Togo for less

A bank transfer to Togo can cost more than the fee suggests. Besides a fixed fee, correspondent banks may deduct a charge, and when the money is converted the bank usually applies a less favourable rate than the actual market rate.

The real cost is often in the rate, not in the fee – the bank builds a margin into its rate. Compare the bank’s rate against the mid-market rate, the midpoint you see on financial news sites.

Specialist money transfer services frequently use rates closer to the mid-market rate and lower fees. GoldexPay compares these providers next to each other, showing the amount that reaches the recipient before you commit.

Most SWIFT codes in Togo: Ecobank Togo

In our data, Ecobank Togo holds the most SWIFT/BIC codes of all banks in Togo. Its main office has ECOCTGTAXXX; that is usually the right code for a transfer.

How many codes a bank has says more about how it registers branches and services than about its size. If not a branch code is given, the head office code ECOCTGTAXXX works for transfers to this bank.