Banking in Nigeria has started taking a new turn as technology is being adopted into the banking system in Nigeria by Nigeria’s leading financial institutions First Bank recently launched their banking with whatsapp and now Access Bank keeps its tradition of breaking new boundaries of innovation with the Access WhatsApp Banking.
First Bank Sort Code for All Branches in Nigeria
The sort code, which is a set of digit numbers, is usually formatted as three pairs of numbers, for example 12-3-56o depending on banks. It identifies both the bank and the branch where the account is held. In some cases, the first digit of the sort code identifies the bank itself, next designate the location of a bank and the last set of digits represent different branches.
Sort code was introduced to create effective communication between banks of different branches of a particular bank. It is mainly to help differentiate one branch from the other of the same bank.
One of the reasons for writing on USSD code to check bank account balance on mobile phone for all Nigerian banks is because of the need for it especially for folks in the rural areas of Nigeria like villages. Recently observed some of these villages have no banks and for some folks like us that visited on some personal or business reasons, it has not been easy but thanks to Mobile banking codes i easily do my transactions even from my small Nokia phone.
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Gt Bank Sort Code For All Branches And For Transactions
A Bank Branch sort code can simply be defined as a number that is used by banks to identity both the bank and the branch where such account is held. It is commonly used during transfer of funds from one account in one bank branch to another branch of the bank or another bank.