Boctrust Microfinance Bank SWIFT Code in Nigeria: Does Boctrust Have One?
Boctrust Microfinance Bank is a Nigerian microfinance bank that appears in domestic Nigerian banking and payment records. If you are searching for the Boctrust SWIFT code, however, it is important to establish whether the institution has a verified international BIC rather than relying on its Nigerian domestic bank code.
A publicly verified SWIFT/BIC for Boctrust Microfinance Bank has not been established from the current information reviewed. Therefore, this article does not provide a guessed SWIFT code.
Does Boctrust Microfinance Bank have a SWIFT code?
A publicly verified SWIFT/BIC has not been established from the current information reviewed.
Boctrust does appear in Nigerian domestic payment-system information. A current payment-provider bank list identifies Boctrust Microfinance Bank with a Nigerian domestic bank identifier. That identifier should not be confused with SWIFT.
What is Boctrust’s domestic bank code?
One current Nigerian banking integration list identifies Boctrust Microfinance Bank with the domestic bank code 090117.
This is a Nigerian domestic identifier. It is not an international SWIFT/BIC.
Why the distinction matters
A foreign bank sending an international wire may request an eight- or eleven-character SWIFT/BIC. A Nigerian domestic payment code such as 090117 does not satisfy that requirement.
Entering the wrong identifier can cause a payment to be rejected or delayed.
Can Boctrust receive money from abroad?
If you have a Boctrust account and someone abroad wants to send you money, contact Boctrust Microfinance Bank before the sender initiates the payment.
Ask specifically whether the bank accepts the intended international payment method and, if so, which receiving or correspondent details should be used.
Information the sender may need
- Beneficiary’s full name.
- Boctrust account number.
- Exact legal name of the bank.
- Bank address.
- SWIFT/BIC if the bank provides one.
- Correspondent bank details where applicable.
- Currency and amount.
- Purpose of payment.
- Payment reference.
What is the difference between 090117 and a SWIFT code?
The code 090117 is a Nigerian domestic banking identifier. It is designed for local payment routing and identification within Nigerian payment systems.
A SWIFT/BIC has a different format and function. It is used to identify participating financial institutions in international financial messaging.
Therefore, the two codes should never be used interchangeably.
Why you should not create a Boctrust BIC
A BIC cannot be generated merely by looking at the bank’s name. Even if a proposed code has eight or eleven characters and appears to follow the expected pattern, that does not establish that it is registered or usable.
For an international payment, use only an identifier confirmed by the receiving institution or an authoritative banking source.
What if an international transfer form requires SWIFT?
If the sender’s bank requires a BIC but Boctrust has not supplied one, stop before submitting the payment and ask Boctrust what alternative receiving arrangement is available.
A correspondent bank or other payment intermediary may be relevant depending on the currency and payment route.
Boctrust and Nigerian transfers
Boctrust appears in Nigerian domestic bank lists, meaning it can be identified for local payment purposes. Domestic transfer capability does not by itself establish direct SWIFT participation.
This distinction is particularly important when comparing microfinance banks with large commercial banks that publish established SWIFT/BIC information.
How to verify a Boctrust payment instruction
- Confirm that the beneficiary’s account is actually with Boctrust Microfinance Bank.
- Confirm the exact legal institution name.
- Ask Boctrust whether the intended international payment is supported.
- Request the exact BIC if one is required.
- Confirm any correspondent-bank information.
- Confirm the currency and payment purpose.
- Only then give the instructions to the sender.
Common mistakes
- Using 090117 as a SWIFT code.
- Assuming every bank listed in a Nigerian payment directory has a BIC.
- Confusing Boctrust with another institution.
- Inventing a BIC from the name BOCT.
- Adding XXX to an unverified code.
- Using outdated international payment instructions.
Frequently asked questions
What is Boctrust Microfinance Bank’s SWIFT code?
A publicly verified SWIFT/BIC has not been established from the current information reviewed.
What is Boctrust’s bank code?
A current Nigerian payment-provider bank list identifies Boctrust Microfinance Bank with domestic code 090117.
Is 090117 a SWIFT code?
No. It is a Nigerian domestic banking identifier.
Can Boctrust receive money from abroad?
Confirm the currently supported international receiving route with Boctrust before an overseas sender initiates the payment.
Should I use a Boctrust BIC from a random website?
No. Verify any international banking identifier with the receiving institution before using it.