In modern financial transactions, SWIFT/BIC codes play a crucial role. When initiating an international bank transfer, the accuracy of these codes determines whether funds reach their intended destination without delays or errors.
ABSA Bank Mozambique's SWIFT Code
The SWIFT/BIC code for ABSA BANK MOCAMBIQUE, SA is ABMZMZMA XXX . This alphanumeric sequence serves as a unique identifier for international wire transfers, ensuring precise routing of funds to the bank's headquarters in Mozambique's capital.
The bank's physical address is: Avenida 25 de Setembro 1184, Maputo, Maputo, 1184 . This location information, combined with the SWIFT code, provides complete routing details for cross-border transactions.
The Importance of SWIFT/BIC Codes
These international standard codes perform three critical functions in global banking:
1. Bank Identification : The first four characters (ABMZ) identify ABSA Bank specifically
2. Country Code : The following two characters (MZ) designate Mozambique
3. Location Verification : The remaining characters confirm the bank's branch and headquarters location
Verification and Best Practices
Financial institutions periodically update their SWIFT/BIC information. Before initiating any transfer to ABSA Bank Mozambique, it is advisable to:
- Confirm the current SWIFT code directly with the recipient or through official banking channels
- Double-check all characters when entering the code
- Verify the recipient's full account details alongside the SWIFT code
This attention to detail prevents common transaction errors that can lead to delayed or misdirected funds, potentially saving both time and financial resources.