Quick Facts

• Capitec’s Swift Code is: CABLZAJJ or CABLZAJJXXX
• This code is the same for all Capitec branches across South Africa
• You need this code to receive money from abroad
• Capitec can receive payments from over 50 countries worldwide
• Payments under R50,000 may be processed automatically

1. What is a Swift Code?

A Swift Code is like a postal address for banks. It helps money find the right bank when someone sends it from another country. Without this code, international payments cannot reach your account.

Swift stands for: Society for Worldwide Interbank Financial Telecommunication. This is the system that banks worldwide use to send money to each other safely.

Other names for Swift Code:

• BIC code (Bank Identifier Code)
• Swift BIC
• Swift number
• Bank identification code

These all mean the same thing. If someone asks for any of these codes, give them Capitec’s Swift Code.

2. Capitec Bank’s Swift Code Explained

Breaking Down the Code:

Capitec’s Official Address (for Swift payments):

CAPITEC BANK LIMITED
Floor 5, Ikhaya
5 Neutron Road
Stellenbosch, 7600
South Africa

3. How to Receive International Money to Your Capitec Account

Step-by-Step Process:

4. Required Documents & Information

What You Need:

5. Fees & Costs for Receiving International Money

Capitec’s Receiving Fees (as of 2025):

Additional Costs to Know About:

• Sender’s bank fees: The person sending money will pay fees to their bank. This is not controlled by Capitec.
• Intermediary bank fees: Sometimes other banks handle the transfer. They may deduct fees before the money reaches Capitec. You will receive less than the sender sent.
• Exchange rate margin: Capitec converts foreign currency to Rand. The exchange rate includes a small profit margin for the bank.

6. How Long Does It Take?

Typical Processing Times:

Reasons for Delays:

• Incorrect account details provided by sender
• Missing Swift Code in payment instructions
• Your name doesn’t match Capitec’s records exactly
• Missing sender details in payment
• Capitec cannot reach you for declaration (payments over R50k)
• Sent through multiple intermediary banks
• Weekends and public holidays (no processing)
• Your contact details are outdated

7. SCAMS TO AVOID – READ THIS CAREFULLY

South Africa has high rates of financial fraud. Scammers target people receiving international money. Be very careful.

Common Scams Related to International Transfers:

How to Protect Yourself:

8. Cheaper Alternatives to Traditional Bank Transfers

While Capitec can receive international payments, there are often cheaper ways to send money from abroad to South Africa. The person sending money should compare these options:

Money Transfer Services (Usually Cheaper):

Why These Services Are Often Better:

• Lower fees: Often 50-70% cheaper than bank transfers
• Better exchange rates: Closer to the real market rate
• Faster: Money arrives in 1-2 days instead of 5-7 days
• More transparent: You know exactly what you’ll receive
• Easier to use: Apps and websites are simple
• Track your transfer: See exactly where your money is

Can You Send Money FROM South Africa with Capitec?

Limited service: As of November 2025, Capitec’s outward international transfer service is limited. You can send money abroad through Capitec’s Transact app to selected countries (USA, UK, Eurozone) in USD, EUR, or GBP.

To send money abroad with Capitec:

1. Contact Capitec Forex: CapitecFX@capitecbank.co.za
2. Call: +27 87 830 6361 (Monday-Friday, 8am-5pm)
3. Request to set up an FX Trade Account
4. They will contact you within 48 hours

Alternative for sending: For better rates and easier service, consider Wise, OFX, or WorldRemit for sending money abroad from South Africa.

Important Reminders

• IBAN Numbers: South African banks, including Capitec, do NOT use IBAN numbers. If a foreign bank asks for one, tell them South African banks use account numbers only.
• Swift Code in Field 57A: The sender’s bank must put Capitec’s Swift Code (CABLZAJJ) in field 57A of the payment form. If it’s missing, the payment will be rejected.
• Send in Foreign Currency: The sender must send money in foreign currency (USD, EUR, GBP, etc.), NOT in South African Rand. Capitec will do the conversion.
• Universal Branch Code: Capitec’s universal branch code is 470 010. This is for local South African transfers, NOT international transfers. For international, use only the Swift Code.
• Keep Your Details Updated: If Capitec cannot contact you, your money will be returned to the sender after 30 days. Update your phone and email regularly.
• Beware of Scams: Never share your PIN, password, or banking details. Never pay fees to receive money. Only contact Capitec on 0860 10 20 43.

Your Rights & Where to Get Help

If You Have Problems:

Quick Checklist: Receiving International Money to Capitec

Receiving international money through Capitec is safe and straightforward when you follow the correct procedures. Always use Capitec’s official Swift Code CABLZAJJ and keep your contact details updated.

Be extremely careful of scams. South Africa has high fraud rates. Never share your banking PIN or password. Never pay fees to receive money. Only contact Capitec on their official number: 0860 10 20 43.

For the person sending money, comparing different money transfer services can save hundreds of Rands. Services like Wise, WorldRemit, or Remitly often offer better exchange rates and lower fees than traditional banks.

If you have any problems with international transfers, contact Capitec immediately. Don’t wait. Your consumer rights protect you, and help is available through the Banking Ombudsman if needed.