Covenant Microfinance Bank SWIFT Code in Nigeria: BIC and International Transfer Guide
Covenant Microfinance Bank is a Nigerian microfinance bank established in 2003 and operating in Ogun State. If you are searching for the Covenant MFB SWIFT code, it is important to distinguish its Nigerian domestic payment information from a genuine international BIC.
A publicly verified SWIFT/BIC for Covenant Microfinance Bank has not been established from the current information reviewed. Therefore, an unverified code should not be used for an international transfer.
Does Covenant Microfinance Bank have a SWIFT code?
A publicly verified SWIFT/BIC has not been established from the current information reviewed.
Covenant MFB’s current official website confirms that the bank provides savings, current accounts, loans, mobile banking, digital banking, POS and ATM services.
Covenant Microfinance Bank current address
Covenant MFB’s official website currently lists its contact address as KM 10 Canaanland Idiroko Road, Ota, Ogun State, Nigeria.
Older records may contain other addresses because the institution has operated from different locations over time. When completing a banking form, use the current address supplied by Covenant MFB.
Does Covenant MFB support transfers?
Yes. Covenant’s current digital-banking information says customers can transfer funds between accounts and to other banks. Its USSD service also supports transfers.
However, domestic transfers are not the same as SWIFT transfers. The ability to transfer money within Nigeria does not establish that the bank has a direct SWIFT/BIC.
What should someone abroad do?
If a person outside Nigeria wants to send money to a Covenant MFB customer, the beneficiary should contact Covenant MFB and request its current international receiving instructions.
The bank should confirm whether the payment method is supported and whether a correspondent bank or another intermediary is needed.
Details an international sender may need
- Beneficiary’s full name.
- Account number.
- Legal name of Covenant Microfinance Bank.
- Current bank address.
- SWIFT/BIC if supplied by Covenant MFB.
- Correspondent-bank information if required.
- Currency and amount.
- Purpose of payment.
SWIFT versus domestic bank information
Domestic Nigerian banking identifiers are designed for local payment routing. A SWIFT/BIC is an international financial-institution identifier.
They are not interchangeable, even when both appear in banking directories.
Why you should not generate a Covenant BIC
There is no safe way to create an official BIC by simply taking the first four letters of the bank’s name and adding Nigeria’s country code. The resulting string may look legitimate without being registered.
Use only an identifier confirmed by Covenant MFB or a reliable international banking source.
Common mistakes
- Using a domestic Covenant MFB bank code as SWIFT.
- Confusing Covenant MFB with another Covenant-branded institution.
- Using an old address.
- Inventing an eight-character BIC.
- Adding XXX without verification.
Frequently asked questions
What is Covenant Microfinance Bank’s SWIFT code?
A publicly verified SWIFT/BIC has not been established from the current information reviewed.
Where is Covenant MFB located?
The current official website lists KM 10 Canaanland Idiroko Road, Ota, Ogun State.
Can Covenant MFB customers receive international transfers?
Confirm the current international receiving arrangements directly with Covenant MFB.
Does Covenant MFB support domestic transfers?
Yes. Its current mobile and digital-banking information provides for transfers to other Nigerian banks.