Raven Bank SWIFT Code in Nigeria: Does Beststar Microfinance Bank Have One?

Raven is a financial brand associated with Beststar Microfinance Bank in Nigeria, which means searches for a Raven Bank SWIFT code can produce confusing results. A brand name, legal financial institution and SWIFT/BIC are three different things.

A publicly verified SWIFT/BIC for Beststar Microfinance Bank under the Raven brand has not been established from the current information reviewed. For that reason, this article does not present a guessed BIC as Raven’s official international code.

Does Raven Bank have a SWIFT code?

A publicly verified SWIFT/BIC for the Nigerian institution operating under the Raven/Beststar identity has not been established from the current information reviewed.

This is important because online searches can return unrelated institutions, old information or codes belonging to another Nigerian bank.

Raven Bank and Beststar Microfinance Bank

When preparing a banking transaction, the sender should use the exact legal institution information supplied by the beneficiary’s financial institution rather than relying solely on the Raven brand name.

This matters because a SWIFT/BIC identifies a financial institution, not simply an app or product brand.

Can a brand have a SWIFT code?

A SWIFT/BIC is associated with a participating financial institution. Therefore, if a customer uses a financial brand operated by a particular legal bank, the relevant international banking identifier would have to belong to the actual institution participating in the payment system.

You should not assume that every fintech brand has its own BIC.

How to receive international money into Raven

If someone abroad wants to send money to a Raven customer, the beneficiary should obtain the current international receiving instructions from the institution.

The sender should use the exact legal name, account information and payment instructions supplied by the receiving institution.

What information might be required?

• Beneficiary’s full name.
• Account number.
• Legal name of the receiving institution.
• Bank address.
• SWIFT/BIC if one is actually provided.
• Correspondent-bank details where required.
• Currency and amount.
• Payment purpose or reference.

Why you should not use a random Raven SWIFT code

A SWIFT code must identify the correct institution. If an online directory gives a code without clearly establishing that it belongs to the Nigerian Beststar institution, using it can cause a transfer to be delayed or rejected.

The safest approach is to verify the receiving details before the payment is initiated.

Domestic transfer codes are different

Nigerian payment systems use domestic identifiers to route local transfers. These identifiers should not be entered into a foreign bank’s SWIFT or BIC field.

What if the sender’s bank requires a SWIFT code?

If the sending bank requires a BIC and the receiving institution does not provide one, do not substitute a guessed code. Ask the receiving institution whether another payment route is supported.

Depending on the countries involved, the sender may need to use a remittance service or another supported cross-border payment method rather than a conventional SWIFT wire.

Common mistakes

• Searching for a BIC using only the Raven brand name.
• Confusing Raven with another financial institution.
• Using a domestic Nigerian bank code as SWIFT.
• Adding XXX to a guessed code.
• Using outdated information from old fintech articles.

Frequently asked questions

What is Raven Bank’s SWIFT code?

A publicly verified SWIFT/BIC for the Nigerian Beststar/Raven institution has not been established from the current information reviewed.

Is Raven a bank or a brand?

Raven is used as a financial brand associated with Beststar Microfinance Bank. For international payments, the legal receiving institution should be confirmed.

Can I use Raven’s Nigerian bank code internationally?

No. Domestic bank identifiers are not SWIFT/BIC codes.

How can I receive money from abroad?

Ask the institution for its current international receiving instructions and use the exact payment route it supports.