EXIMBANK Tanzania Advises on SWIFT BIC Code Best Practices

Published: 08/25/2025
international remittance SWIFT code Tanzanian bank
This article provides a comprehensive analysis of EXIMBANK (Tanzania)'s SWIFT/BIC code EXTNTZTZTFD, highlighting its importance and considerations in international remittances to ensure the security of funds and prompt transactions.
EXIMBANK Tanzania Advises on SWIFT BIC Code Best Practices

Have you ever faced frustration due to incorrect SWIFT/BIC codes when making international transfers? What might appear as a simple combination of letters and numbers actually plays a critical role in ensuring your funds reach their destination securely and efficiently. This article provides a detailed examination of EXIMBANK (Tanzania)'s SWIFT/BIC code and essential considerations for seamless cross-border transactions.

Understanding EXIMBANK (Tanzania)'s SWIFT/BIC Code

If you're sending money to EXIMBANK (Tanzania), note that its SWIFT code is EXTNTZTZTFD . This identifier is more than just an alphanumeric sequence—it contains vital information required for international transactions through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. The bank is headquartered at 9 Samora Avenue, Dar es Salaam, Tanzania's commercial capital.

How SWIFT/BIC Codes Work

SWIFT/BIC codes typically consist of 8 to 11 characters:

  • The first 4 characters identify the bank (EXTN for EXIMBANK Tanzania)
  • The next 2 characters represent the country code (TZ for Tanzania)
  • The following 2 characters indicate the location code (TZ for Dar es Salaam)
  • The optional final 3 characters specify the branch (TFD for the main office)

Key Considerations for International Transfers

To ensure a smooth transaction:

  1. Always verify the recipient bank's name matches the SWIFT code
  2. Double-check all character entries for accuracy
  3. Confirm the bank's physical address if required

These precautions help prevent unnecessary delays or financial losses due to incorrect transfers.

Transaction Speed and Efficiency

When using the correct SWIFT code, international transfers to EXIMBANK (Tanzania) can typically be completed within the same business day. The efficiency of SWIFT network transactions ensures timely processing, while competitive exchange rates and fees make international banking more accessible.

By understanding EXIMBANK (Tanzania)'s SWIFT/BIC code and these operational details, individuals and businesses can conduct international financial transactions with confidence. Proper knowledge transforms cross-border payments from a complex challenge into a straightforward process.

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