FSDH Merchant Bank SWIFT Code: FSDHNGLA and FSDHNGLAXXX
FSDH Merchant Bank Limited is identified in international banking by the SWIFT/BIC FSDHNGLA. The 11-character head-office form is FSDHNGLAXXX.
FSDH Merchant Bank SWIFT code
| Institution | FSDH Merchant Bank Limited |
|---|---|
| 8-character BIC | FSDHNGLA |
| 11-character BIC | FSDHNGLAXXX |
| Country | Nigeria |
| City | Lagos |
| Listed address | 1/5 Odunlami Street, UAC House, Lagos |
The BIC is useful when an international payment needs to identify FSDH as the receiving financial institution. It does not replace the customer’s account number.
How FSDHNGLA is structured
FSDH identifies the institution. NG represents Nigeria, and LA is the location component. Adding XXX creates the 11-character head-office form.
When should FSDHNGLAXXX be used?
If a sender’s payment form requires an 11-character BIC and the receiving instructions specify the head-office code, FSDHNGLAXXX can be used. If the form accepts an eight-character BIC, FSDHNGLA is the corresponding core code.
The correct choice should always follow the instructions supplied for the particular transaction.
Information required for an international payment
- Beneficiary name.
- FSDH account number.
- Bank name.
- SWIFT/BIC.
- Bank address.
- Currency.
- Amount.
- Payment reference or purpose.
- Intermediary-bank information when required.
Why the beneficiary’s account number is still important
A SWIFT code identifies the receiving institution. It does not tell the bank which customer should receive the money. That is why the beneficiary account number and name remain essential parts of the payment instructions.
Do all FSDH locations have separate SWIFT codes?
You should not assume that each physical location has a unique BIC. If a specific branch or service has a separate code, it should be obtained directly from the bank. Creating a code by changing the last three characters is unsafe.
Potential problems with incorrect information
International payments can be delayed or returned when beneficiary information does not match the receiving bank’s records. Incorrect BIC information can also cause payment investigations or additional processing charges.
Before a high-value transaction, confirm all payment instructions instead of relying solely on an old invoice or an online directory.
Frequently asked questions
What is FSDH Merchant Bank’s SWIFT code?
The eight-character BIC is FSDHNGLA.
What is FSDHNGLAXXX?
It is the 11-character head-office form of the FSDH Merchant Bank BIC.
Can FSDH receive international transfers?
The BIC provides international bank identification. Whether a particular payment route or currency can be received depends on the bank’s current arrangements and requirements.
Is FSDHNGLA the same as an account number?
No. It is the bank’s SWIFT/BIC identifier.