A Swift Code is the standard format for Business Identifier Codes (BIC) and its a unique identification code for banks and financial institutions globally. These codes are used when transferring money between banks, for international wire transfers or SEPA payments.
SWIFT code, BIC code, SWIFT ID or SWIFT – BIC (ISO 9362) is a standard format of Business Identifier Codes approved by theInternational Organization for Standardization(ISO). It is a unique identification code for both financial and non-financial institutions. The acronym SWIFT stands for theSociety for Worldwide Interbank Financial Telecommunication. When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI. These codes are used when transferring money between banks, particularly for internationalwire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements.
The overlapping issue between ISO 9362 andISO 13616is discussed in the articleInternational Bank Account Number(also called IBAN). The SWIFT network does not require a specific format for the transaction so the identification of accounts and transaction types is left to agreements of the transaction partners. In the process of theSingle Euro Payments Areathe European central banks have agreed on a common format based on IBAN and BIC including an XML-based transmission format for standardized transactions; theTARGET2is a joint gross clearing system in the European Union that does not require the SWIFT network for transmission (seeEBICS). The TARGET-directory lists all the BICs of the banks that are attached to the TARGET2-network being a subset of the SWIFT-directory of BICs.
BIC / Swift CodeDTKEKENAXXXis the unique bank identifier forDIAMOND TRUST BANK KENYA LIMITEDhead office in NAIROBI – KENYA and its used to verify financial transactions such as a bank wire transfers (international wire transfers).
The bic / swift code provides information about the bank and branch where the money should be transferred. Being able to check information about the code will provide you with the proper information necessary to make or receive payments. Some banks and their associated branches benefit from an address listing which provides you with the means to match swift codes with financial institution office address.
This bic / swift code directory provides businesses and individuals with an easy way to verify bank details and avoid international money transfer mistakes.
TheSWIFT code / BIC codeis made up of8or11characters, broken down as follows:
if the second character is 0, then it is typically a test BIC as opposed to a BIC used on the live network.
if the second character is 1, then it denotes a passive participant in the SWIFT network
if the second character is 2, then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
Where an 8-digit code is given, it may be assumed that it refers to the primary office.
SWIFT Standards, a division of TheSociety for Worldwide Interbank Financial Telecommunication(SWIFT), handles the registration of these codes. Because SWIFT originally introduced what was later standardized as Business Identifier Codes (BICs), they are still often called SWIFT addresses or codes.
Please remember to always confirm the correct swift code with the bank or recipient before sending or receiving any money.
DIAMOND TRUST BANK KENYA LIMITED – SWIFT Code DTKEKENAXXX Information
This is the bank code assigned to DIAMOND TRUST BANK KENYA LIMITED.
This is the 2-letter country code associated with KENYA (KE).
This represents the location code and the second digit/character has a value of
. See swift code general structure explanation above for details.
This branch code value means this is the Primary Office (or Head Office) for DIAMOND TRUST BANK KENYA LIMITED.
Europe, Middle East and Caribbean countries have adopted the use of International Bank Account Number (IBAN) for international funds transfers. Remember to use IBAN if you are doing fund transfer to countries in these regions.
An IBAN account number format consists of up to 34 alphanumeric characters so it would be wise tovalidate the IBAN numberprior to making international funds transfers.
IBANs dont replace sort codes or account numbers. They are used to identify individual bank accounts for both incoming and outgoing international money transfer transactions whereas SWIFT code / BIC codes are mainly used to identify a specific bank during an international transaction.
All the information published on this website is strictly for personal use only and should never be used without verification, on any type of transaction. For professional use, you must subscribe to the SWIFT Online directories at the SWIFT website. shall not be held responsible or liable for any loss or damage suffered by you because of incorrect or incomplete information in this page.
If youre not sure about any of the swift code details youre using, get in touch with the bank or financial institution in question. They should be able to give you the right information.