More individuals are using electronic transfer services, so more banks are doing away with branch codes and are opting instead for one universal code that will work for payments to all branches.
What are branch codes?
Branch codes are important numbers often used in banking. Various banks have branch codes that are specific to them. These codes serve as an identity code that is used in financial transfers. Branch codes help to prevent money being sent to the wrong branch. South Africa’s major banks have universal codes which can be used for payments.
First National Bank (FNB) is one of the four major banks in South Africa and is known for affordable rates and sophisticated digital banking.
The oldest bank in South Africa, FNB now trades as a division of FirstRand Bank Limited. Used by millions of individuals in the country, the bank continues to innovate through the products and services it provides.
The bank offers an array of services, including transactional banking, savings, investment and various credit solutions.
There is a handy branch locator on the FNB website that can help you search for any branch you want. The locator even lets you search for branches that won’t be affected by load shedding.
The FNB Online Branch Code (254005), which is universal, makes your banking applications much easier to handle. Using the universal branch code, you don’t need to find a specific branch code in order to complete the payment. This allows you to save time – which you otherwise would have spent scrolling through dozens of branches to find the right one.
Once you have registered for FNB Online banking, you can use the service in a variety of ways. When making payments online, you can use the FNB Online Branch Code to facilitate fast, efficient payment services.