Peace Microfinance Bank SWIFT Code in Nigeria: Does Peace MFB Have a BIC?
Peace Microfinance Bank is a Nigerian microfinance bank offering savings, current accounts, investments, loans and digital banking services. If you are looking for the Peace MFB SWIFT code, it is important to establish whether a Nigerian BIC exists rather than confusing the bank with another institution named Peace Bank.
A publicly verified SWIFT/BIC for Peace Microfinance Bank Nigeria has not been established from the current information reviewed.
Does Peace Microfinance Bank have a SWIFT code?
A publicly verified SWIFT/BIC has not been established from the current information reviewed.
Peace MFB is an operating Nigerian financial institution and its current website states that it is licensed and regulated by the Central Bank of Nigeria.
Peace Microfinance Bank address
Peace MFB’s current website lists its office address as 35 Ajose Adeogun Street, Plot 481, Utako District, Abuja.
Other online records may show different addresses, so the current instructions supplied by the bank should be used for payment purposes.
Peace MFB domestic bank code
Current Nigerian payment information identifies Peace Microfinance Bank with domestic code 090402.
This is a Nigerian domestic bank identifier and should not be described as a SWIFT/BIC.
Is 090402 a SWIFT code?
No. It is a domestic Nigerian banking code.
A SWIFT/BIC normally uses eight characters, with an optional three-character branch or service suffix. A five- or six-digit domestic bank code does not become a SWIFT code merely because an international transfer form requests one.
How to receive money from abroad
If someone abroad wants to send money to a Peace MFB account, the beneficiary should contact the bank first and request the current international receiving instructions.
The bank should confirm whether the payment can be received directly and whether an intermediary or correspondent bank is required.
What information may be required?
- Beneficiary’s full name.
- Account number.
- Peace Microfinance Bank’s exact legal name.
- Bank address.
- SWIFT/BIC if supplied by the bank.
- Correspondent-bank details if applicable.
- Currency and amount.
- Purpose of payment.
- Payment reference.
Why similar bank names can cause problems
There are financial institutions in different countries using the words “Peace Bank”, “Peace Microfinance Bank” or similar names. A BIC belonging to one of those institutions cannot be used simply because the name looks similar.
The country and legal institution must match the beneficiary’s account.
Common mistakes
- Using 090402 as SWIFT.
- Using a foreign Peace Bank BIC.
- Confusing Peace MFB with another Nigerian bank.
- Inventing a BIC from the bank’s name.
- Adding XXX to an unverified code.
Frequently asked questions
What is Peace Microfinance Bank’s SWIFT code?
A publicly verified SWIFT/BIC has not been established from the current information reviewed.
What is Peace MFB’s bank code?
Current Nigerian payment information identifies Peace MFB with domestic code 090402.
Is 090402 a SWIFT code?
No. It is a domestic Nigerian bank identifier.
Where is Peace MFB located?
The bank currently lists 35 Ajose Adeogun Street, Plot 481, Utako District, Abuja.
Can Peace MFB receive international payments?
Confirm the current international payment route directly with the bank before sending the beneficiary instructions.