Rand Merchant Bank Nigeria SWIFT Code: FIRNNGLA and FIRNNGLARMS
Rand Merchant Bank Nigeria Limited uses the SWIFT/BIC FIRNNGLA for international banking identification. The 11-character head-office form is FIRNNGLAXXX, while FIRNNGLARMS is a verified branch or service-specific BIC associated with Rand Merchant Bank Nigeria in Lagos.
Rand Merchant Bank Nigeria SWIFT codes
| Bank | Rand Merchant Bank Nigeria Limited |
|---|---|
| 8-character BIC | FIRNNGLA |
| 11-character head-office BIC | FIRNNGLAXXX |
| Verified 11-character branch/service BIC | FIRNNGLARMS |
| Country | Nigeria |
| City | Lagos |
What is FIRNNGLA?
FIRNNGLA is the core eight-character BIC for Rand Merchant Bank Nigeria. The institution’s SWIFT records identify the bank under this BIC.
The structure consists of FIRN as the institution identifier, NG for Nigeria and LA as the location component.
What is FIRNNGLAXXX?
FIRNNGLAXXX is the 11-character head-office form of the BIC. The XXX suffix is conventionally used to represent the primary or head-office form.
What is FIRNNGLARMS?
FIRNNGLARMS is a verified 11-character BIC associated with Rand Merchant Bank Nigeria. Public BIC records associate it with an address at 17A Ozumba Mbadiwe, Wings Tower, Lagos.
This is important because it demonstrates why you should not invent the final three characters of a BIC. RMS is a specific code associated with the institution; it is not something that should be guessed for another branch.
Which Rand Merchant Bank BIC should you use?
Use the exact BIC supplied by Rand Merchant Bank for the transaction. If the payment instructions specify FIRNNGLA, use FIRNNGLA. If the instructions specify FIRNNGLARMS, use the complete branch/service code.
For high-value corporate or investment transfers, the receiving institution’s payment instructions should always take priority over a general online directory.
What information is required for an international transfer?
- Beneficiary name.
- Beneficiary account number.
- Rand Merchant Bank Nigeria Limited.
- Correct SWIFT/BIC.
- Bank address where required.
- Currency and amount.
- Payment reference or purpose.
- Correspondent-bank details when required.
Rand Merchant Bank and correspondent banks
International transfers can pass through intermediary institutions. For example, payment instructions for a particular investment product may specify both Rand Merchant Bank Nigeria’s BIC and a foreign correspondent bank’s BIC.
This means a sender should not assume that FIRNNGLA is the only banking identifier required for every international payment involving Rand Merchant Bank.
What happens if the wrong branch BIC is used?
A payment can be delayed if the BIC does not match the receiving instructions. Depending on the payment route, the transaction may require manual repair or could be rejected or returned.
Common mistakes
- Using FIRNNGLARMS when the transaction instructions specify FIRNNGLA.
- Using FIRNNGLA when a specific branch/service BIC has been supplied.
- Inventing a new three-character branch suffix.
- Leaving out correspondent-bank information.
- Using the BIC as the beneficiary account number.
Frequently asked questions
What is Rand Merchant Bank Nigeria’s SWIFT code?
The core eight-character BIC is FIRNNGLA.
What is the head-office code?
The 11-character head-office form is FIRNNGLAXXX.
What is FIRNNGLARMS?
It is a verified 11-character BIC associated with Rand Merchant Bank Nigeria in Lagos.
Can I choose between FIRNNGLA and FIRNNGLARMS?
Do not choose arbitrarily. Use the BIC specified by the receiving institution for the exact payment.