National Savings and Credit Bank of Zambia SWIFT/BIC code

SWIFT/BIC code of National Savings and Credit Bank of Zambia

Whether you are given NSCBZML1 or NSCBZML1XXX, you are looking at the identical identifier for National Savings and Credit Bank of Zambia in Zambia. Every bank on the SWIFT network uses these codes to route payments between countries to the right bank. In practice you mostly come across it on international invoices, in your banking app and on the account details of National Savings and Credit Bank of Zambia customers.

This page is meant to help people who receives money at an account at National Savings and Credit Bank of Zambia and wants to get the details right. A SWIFT code identifies an institution, not a single account, which is why you always need the account number too.

How to check NSCBZML1 before you pay

Ask the recipient to send you their account details directly from their banking app. Check it with NSCBZML1 on this page.

Mistakes in the BIC are costly more than fatal. A mistake in the account number can be more serious, because the money may be credited to someone else, so check that just as carefully.

Most online banking apps check the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. If your bank offers it, a payee name check before sending gives an extra layer of safety. Sending a small amount first is worth it for a large first payment, even if it costs an extra fee.

What to give a sender who pays you at National Savings and Credit Bank of Zambia

If you expect a payment from another country, send the payer all details at once. That means: your full name exactly as it appears on the account, your account number or IBAN, the BIC NSCBZML1XXX (or NSCBZML1) and sometimes your address.

Some banks want the name and address of National Savings and Credit Bank of Zambia in Lusaka; it does no harm to include it. A mistake in the IBAN is harder to fix than it looks, so copy the details from your online banking.

What lands in your account is often lower than what was sent. Correspondent banks can take a fee, and when currencies differ, an exchange rate margin comes on top. On invoices, you can state how the fees are split to avoid a shortfall.

NSCBZML1 or NSCBZML1XXX – which one to use?

The structure of a BIC never changes: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. That gives you NSCBZML1, the short form of the code.

Most payment forms accept both lengths. If yours requires eleven characters, enter NSCBZML1XXX, otherwise NSCBZML1 is fine.

Type the code in one piece, in capitals and without spaces. Pasting the code beats retyping it: a typo can point to another bank.

About this information

This directory is compiled from publicly available sources and is updated regularly. Banks merge, close branches and retire codes. The number of codes on this page are based on what is in our directory.

Before a payment that matters, confirm the code with the recipient’s bank or with the recipient. GoldexPay is not affiliated with National Savings and Credit Bank of Zambia; we are a comparison site for money transfers. Found outdated information? Tell us via our contact form.

Changed bank details? Be careful

A common scam goes like this: you receive a request saying that a contact has new bank details. A real SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Before paying, verify a change of bank details through a phone call. Urgency or secrecy are red flags – a real supplier can wait a day. When a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to send back the difference abroad. Do not act before the money is actually in your account.

Tracking a transfer to or from National Savings and Credit Bank of Zambia

An international transfer usually takes one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Extra checks on larger or unusual payments can also add a delay, even when all details are correct.

When a payment takes longer than expected, contact your bank about the status so they can trace it along the chain. Save the payment confirmation until the recipient confirms – you will need it for any trace request.

If a payment has not arrived after a few business days, the person who paid should start with their own bank. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.

Head office or branch code at National Savings and Credit Bank of Zambia?

Our database contains 8 SWIFT/BIC codes for National Savings and Credit Bank of Zambia in 8 cities. Next to the head office code NSCBZML1XXX, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, go with NSCBZML1XXX. Just use a branch code when the account holder explicitly asks for it, for example on a letter or invoice.

When in doubt, ask the person you are paying which code their bank gave them. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

What a transfer from National Savings and Credit Bank of Zambia abroad really costs

What you pay for a payment abroad is made up of more than one component. You pay the transfer fee, possibly charges from correspondent banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

That exchange rate margin tends to be the biggest cost, and it is easy to miss. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For many currency pairs, a transfer service is cheaper than a bank, mainly because of the exchange rate. GoldexPay lists transfer providers side by side so you can see the amount the recipient gets. You can still use your account at National Savings and Credit Bank of Zambia as the source of the money; only the conversion and sending happen elsewhere.