Before the year 2022, all Capitec branches used to have unique codes to identify them, however, with a restructured and efficient banking operation, the main and general Capitec branch code is now 470010.
Evidence of their restructuring effort for maximum banking operational efficiency culminated in the bank having the largest customer base of 21 million as of August 2023, far exceeding the more robust established competitors like FNB, Absa, Nedbank, etc.
Capitec ranks as one of the foremost aggressive banking institutions and best places to work, leveraging digital embrace as a winning weapon, as evidenced in their highly trafficked Capitec transfer times to FNB and ease to cancel cash sent from Capitec, etc.
With hindsight that is sharp, not contrasting facts from fiction; the list of the latest Capitec branch codes from Gauteng, Limpopo, and all the states of South Africa are condensed in this detailed, simple but highly comprehensive guideline.
List of Capitec Branch Codes for 2024
As earlier mentioned at the beginning of this compact guideline, the following are the codes for the various Capitec bank branches.
- For Johannesburg CBD, the Branch code is 470010
- For Gauteng ( the richest province); Its Branch code is 470010
- For Western Cape Town ( Cape Town): The branch code is 470010
- For Durban: Its branch code is 470010
- For KZN ( Kwazulu Natal): Branch code is 470010
- For Pretoria: The branch code is 470010
- For Bloemfontein, its 470010
- For PE ( Port Elizabeth): It is 470010
- For Nelspruit ( Mpumalanga), the branch code is 470010
- The same 470010 doubles also as the branch code for Khayelitsha, Polokwane, and East London
- For Nelspruit, it is 470010
- For Pietermaritzburg: 470010
- 470010 is the Capitec branch code for the following: Pinetown, Boksburg, Midrand, Krugersdorp, Rustenburg, Stellenbosch, Somerset West, Klerksdorp, Sandton, Soweto etc.
In as much as you need the branch code for whatever reasons you are concerned with, however, some basic needs like reversing money using the Capitec App can be done on your phone without going anywhere.
Capitec Branch Code Universal
470010; this is the universal branch code for Capitec Bank!! The adaptation of this single code is to offer simplicity and comfortability to the millions of customers that Capitec has.
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What is the Capitec Bank Swift Code
Though the Capitec branch code and the swift code are intertwined do not get confused because they are quite different.
The swift code is essentially the banking numbers you empower and enables you to make international payments seamlessly.
For Capitec Bank, the swift code is: CABLZAJJ
When making or receiving cross-border payments i.e. internationally into a banking account directly, you will be required to present this number, along with the branch code and your account number.
So basically, for people involved in international trading or even sending or receiving money abroad, the Capitec universal bank code i.e. 470010, and the swift code are important and mandatory!!
In case you are wondering about the meaning of this swift code, allow me to educate you a little bit by breaking down the meaning of the codes one by one:
Along with the branch code and the swift code, the following are the meanings of Capitec swift code, CABLZAJJ
- CABL stands for and represents the bank code
- ZA stands for the country code of South Africa
- JJ, the last two digits stand for Capitec bank location code
I hope you fully understand it now.
Capitec Branch Code VS Universal Code
Individual branch codes have been depreciated as I explained earlier, they are now a single universal code.
So whether, you are in Rustenburg, Constantia, Limpopo, Gauteng, or Cape Town, your Capitec branch code is now 470010 which is also the universal code solely for Capitec Bank and its operations.
Frequently Asked Questions
- Can I use Capitec Bank branch code for international transactions?
Using only the Capitec branch code for international payment is not enough because the transactions will not go through.
The bank branch codes are for domestic financial transactions to be facilitated quickly and also for the corresponding banks to identify them.
For international financial transactions, the branch codes need to be used along with the swift code I mentioned earlier. You can scroll up to read my guidelines on it.
- What happens if I use the wrong branch code
The money may probably go to another account owner or bounced back if the account number is wrong; otherwise, the payment will go through and someone else will have the money.
If you are a victim of this mistake, contact Capitec Bank immediately.
- How do I change my Capitec branch code?
No, you cannot.
Conclusion
In a nutshell, the Capitec bank branch code doubles as a single entity known as the universal code and it is 470010.
It is an important banking operation element and you need it for transactions especially to third-party accounts, either within Capitec to Capitec or from Capitec to another bank account which is not Capitec.
