Titan Trust Bank SWIFT Code in Nigeria: TTRUNGLA, BIC and Wire Transfer Guide
Titan Trust Bank Limited’s international bank identifier is TTRUNGLA. The eleven-character head-office version is TTRUNGLAXXX.
For someone receiving money from outside Nigeria, the SWIFT code is normally only one part of the information required. The sender may also need the beneficiary’s account number, full name, bank address, currency and, where applicable, correspondent-bank instructions.
Titan Trust Bank SWIFT Code
| Information | Details |
|---|---|
| Bank | Titan Trust Bank Limited |
| 8-character BIC | TTRUNGLA |
| 11-character head-office BIC | TTRUNGLAXXX |
| Bank code | TTRU |
| Country code | NG |
| Location code | LA |
| City | Victoria Island, Lagos |
| Listed address | Plot 1680 Sanusi Fafunwa Street, Victoria Island, Lagos |
What Is TTRUNGLA?
TTRUNGLA is the eight-character SWIFT/BIC used to identify Titan Trust Bank Limited.
The code can be divided into:
- TTRU — bank identifier.
- NG — Nigeria.
- LA — location identifier.
When the head-office branch component is added, the code becomes TTRUNGLAXXX.
Titan Trust Bank Head Office
Current BIC records list Titan Trust Bank Limited at Plot 1680 Sanusi Fafunwa Street, Victoria Island, Lagos.
International transfer forms sometimes request the beneficiary bank’s address separately. The address should be copied from current payment instructions supplied by the bank or beneficiary.
Who Needs the Titan Trust SWIFT Code?
The code is generally relevant to people and organisations making international payments to Titan Trust Bank.
Potential users include:
- International companies paying Nigerian suppliers.
- Foreign customers paying Nigerian businesses.
- Organisations making cross-border payments.
- Individuals sending eligible funds to a Nigerian account.
What Should a Titan Trust Bank Beneficiary Give the Sender?
A useful international payment instruction should contain enough information for the sending bank to identify both the institution and the beneficiary.
- Beneficiary’s full name.
- Account number.
- Bank name.
- SWIFT/BIC.
- Bank address where required.
- Currency.
- Correspondent-bank details where applicable.
Additional information can be required depending on the transaction and regulatory checks.
Example: Receiving Payment From the United States
A Nigerian company provides consulting services to a company in the United States. The American company needs to pay the Nigerian company’s Titan Trust Bank account.
The Nigerian company provides its account details and the applicable bank information. The American bank requests the beneficiary bank’s SWIFT/BIC.
The eight-character code is TTRUNGLA. If the American bank’s system requires the full eleven-character head-office BIC, the corresponding code is TTRUNGLAXXX.
The beneficiary account number remains separate from the BIC.
Why You May See More Than One SWIFT Code
International payments can involve correspondent banks. A correspondent institution may have a BIC of its own.
Therefore, a payment instruction can legitimately contain multiple bank identifiers. The beneficiary should identify which code belongs to Titan Trust Bank and which one belongs to the intermediary institution.
Does Titan Trust Bank Have Branch-Specific SWIFT Codes?
The current principal BIC record identifies TTRUNGLAXXX as the head-office code. It does not establish separate SWIFT codes for every physical customer branch.
If Titan Trust Bank gives the customer a specific branch or processing BIC, that exact code should be used. Customers should not construct one by replacing XXX with a guessed number.
SWIFT vs Account Number
Think of the two identifiers as serving different levels of the payment:
- SWIFT/BIC: identifies the financial institution.
- Account number: identifies the beneficiary’s account.
Both may therefore appear on the same international payment instruction.
Domestic Nigerian Transfers
A normal transfer from another Nigerian bank into a Titan Trust Bank account does not generally require a SWIFT/BIC. Domestic transfers use local Nigerian payment infrastructure.
The SWIFT code is principally relevant when a payment is being routed internationally.
Common Titan Trust Bank SWIFT Mistakes
- Typing TTRUNGLA incorrectly.
- Confusing the BIC with the account number.
- Using an intermediary bank’s BIC in the beneficiary-bank field.
- Assuming every branch has its own BIC.
- Using outdated payment instructions.
- Ignoring the currency specified by the recipient.
Frequently Asked Questions
What is Titan Trust Bank’s SWIFT code?
The main eight-character BIC is TTRUNGLA.
What is the Titan Trust Bank 11-character SWIFT code?
The head-office code is TTRUNGLAXXX.
Where is Titan Trust Bank’s listed office?
Current BIC records list Plot 1680 Sanusi Fafunwa Street, Victoria Island, Lagos.
Can I use TTRUNGLA for a local Nigerian transfer?
SWIFT is intended primarily for international banking. Domestic transfers normally use local payment identifiers.
Is TTRUNGLA an account number?
No. It identifies Titan Trust Bank rather than an individual customer account.
Conclusion
Titan Trust Bank Limited’s SWIFT/BIC is TTRUNGLA, and its eleven-character head-office form is TTRUNGLAXXX. For international payments, provide the correct BIC together with the beneficiary’s account number, name and any current correspondent-bank instructions.