Tatum Bank SWIFT Code in Nigeria: TTUMNGLA, BIC and International Payments
Tatum Bank Limited is identified in international banking records by the SWIFT/BIC TTUMNGLA. The corresponding eleven-character head-office code is TTUMNGLAXXX.
These codes are useful when a Tatum Bank customer needs to receive an international bank transfer or when a foreign institution needs the correct identifier for routing a payment to Nigeria.
Tatum Bank SWIFT Code: Quick Reference
| Item | Details |
|---|---|
| Bank | Tatum Bank Limited |
| 8-character BIC | TTUMNGLA |
| 11-character BIC | TTUMNGLAXXX |
| Bank code | TTUM |
| Country code | NG |
| Location code | LA |
| City | Abuja |
| Head-office address | Plot 1088 Kaura Namuda Street, Abuja |
What Is Tatum Bank’s SWIFT Code?
The main eight-character SWIFT/BIC for Tatum Bank Limited is TTUMNGLA.
For a payment system requiring the eleven-character head-office code, the BIC is TTUMNGLAXXX.
Current BIC records list the head office at Plot 1088 Kaura Namuda Street in Abuja.
Breaking Down TTUMNGLAXXX
The BIC can be read in four sections:
- TTUM — Tatum Bank Limited.
- NG — Nigeria.
- LA — location identifier.
- XXX — head-office branch identifier.
The first eight characters are enough to identify the institution at the BIC level. The additional three characters provide the branch or office component.
Why Would Someone Ask for TTUMNGLA?
A foreign bank needs a reliable way to identify the Nigerian institution involved in an international payment. The SWIFT/BIC provides that identification.
A Tatum Bank customer might therefore need to provide the code when receiving an eligible international payment from:
- An overseas customer.
- A foreign employer or organisation.
- An international business partner.
- A client paying for professional services.
- Another financial institution.
Receiving Money Into a Tatum Bank Account
Suppose a Nigerian business has a Tatum Bank account and sells a service to a company in Europe.
The overseas company may request the beneficiary’s international banking details before initiating payment. The Nigerian business should provide its account name and number, the bank name and the correct SWIFT/BIC.
Where the sender’s system requests eight characters, the BIC is TTUMNGLA. Where eleven characters are required for the head office, it is TTUMNGLAXXX.
The customer should also provide any correspondent-bank information required for the relevant currency.
Do You Need the Account Number Too?
Yes.
The SWIFT code tells the payment system which bank is involved. The account number tells the bank where the funds should ultimately be credited.
Using TTUMNGLA without the beneficiary’s account number is therefore not normally sufficient to identify the final recipient.
Tatum Bank Address for International Transfers
Current BIC information identifies Tatum Bank Limited at Plot 1088 Kaura Namuda Street, Abuja.
International transfer forms can ask for the bank’s address separately from its BIC. If a transaction is being prepared for a large amount, the beneficiary should confirm the address and payment instructions directly with the bank before submitting the transfer.
Does Tatum Bank Have Branch-Specific SWIFT Codes?
Current public records identify the head-office BIC TTUMNGLAXXX. They do not establish a separate BIC for every physical Tatum Bank location.
Do not create a branch code by replacing XXX with a number you have guessed.
If the bank supplies a specific branch BIC for a particular transaction, use that exact code.
International Transfers and Correspondent Banks
A payment can involve more than one financial institution. The sender’s bank may use a correspondent bank to process a particular currency or route.
That correspondent institution will have its own banking identifier. It should not be confused with Tatum Bank’s beneficiary-bank BIC.
SWIFT vs Nigerian Domestic Banking Codes
For a normal Nigerian transfer, the sender generally uses domestic payment information rather than SWIFT.
SWIFT becomes relevant when the payment is being routed internationally. Therefore, a Nigerian customer should not automatically enter TTUMNGLA whenever an app displays a field labelled “bank code.”
Common Tatum Bank SWIFT Mistakes
- Typing TTUMNGLA incorrectly.
- Confusing TTUMNGLA with an account number.
- Using an intermediary bank’s BIC as the beneficiary bank’s BIC.
- Inventing a branch suffix.
- Using old payment instructions.
- Failing to provide the beneficiary’s full name.
Frequently Asked Questions
What is Tatum Bank’s SWIFT code?
The eight-character SWIFT/BIC is TTUMNGLA.
What is Tatum Bank’s 11-character BIC?
The head-office code is TTUMNGLAXXX.
Where is Tatum Bank located?
Current BIC records list Tatum Bank Limited at Plot 1088 Kaura Namuda Street, Abuja.
Is TTUMNGLA an account number?
No. It identifies Tatum Bank in the SWIFT system.
Do I need a SWIFT code for a Nigerian transfer?
Normally, SWIFT is not required for an ordinary domestic Nigerian bank transfer.
Final Word
Tatum Bank Limited’s principal SWIFT/BIC is TTUMNGLA, and its eleven-character head-office representation is TTUMNGLAXXX. For an international payment, the BIC should be combined with the correct account number, beneficiary name and any current payment-routing instructions.