CABLZAJJ11-character variant (head office):
CABLZAJJXXXWhether funds come from abroad or another local account, here's how to receive — and what it costs.
Sender uses CABLZAJJ + your account number.
Sender uses Wise, LemFi, or Sendwave to deposit into your account.
Receive into TymeBank, then move to Capitec if needed.
South African banks use a 6-digit universal branch code; PayShap enables low-value real-time payments using a phone-number ShapID.
South Africa is more bank-centric than wallet-centric, but PayShap and apps allow real-time transfers, and wallets like TymeBank and Shoprite Money are growing.
Rail operator: www.bankservafrica.com
When you actually need a SWIFT code: only for receiving money from another country. PayShap handles every domestic south africa bank-to-bank, bank-to-wallet, and wallet-to-bank transfer at near-instant speed. If the sender is in the same country, SWIFT isn't involved at all — they just need your universal branch code or phone number.
For inbound international flows, PayShap also matters: most modern remittance operators (Wise, Sendwave, LemFi, WorldRemit, TapTap Send) terminate their payouts via this rail rather than via correspondent SWIFT relationships. That's how they deliver in minutes instead of days — and why their all-in cost can be a fraction of a classic SWIFT wire.
Cash pickup is the fourth node in the receiving graph: Western Union, MoneyGram, Ria, RemitOne. These remain expensive but are the only option in some last-mile situations (no bank account, no wallet, urgent cash need). Mobile money cash-out via an agent network is increasingly the cheaper alternative — see our country mobile-money fee page for current cash-out rates.
One practical tip: if you're expecting a payment from abroad, ask the sender to choose the destination based on speed and amount. Small frequent payments below US$1,000 are almost always cheaper via a remittance app to your wallet. Mid-size payments (US$1,000–10,000) work well to your bank account via the same apps. Genuinely large payments (above US$50,000) are usually only practical via a SWIFT wire, even though they're the most expensive per dollar at that band.
| Bank code | Country | Location |
|---|---|---|
| CABL | ZA | JJ |
| Capitec | ZA (South Africa) | Stellenbosch |
An 11-character variant like CABLZAJJXXX also indicates the head office — the trailing 'XXX' is the default. Codes ending in different sequences (e.g. 'CABLZAJJ001') refer to specific branches.
Check any SWIFT/BIC code is correctly formatted before a transfer.
vs ZAR (South African Rand)
Capitec Bank, founded in 2001 and listed on the Johannesburg Stock Exchange, has grown to become South Africa's largest retail bank by number of customers, with more than 22 million account holders. The bank is headquartered in Stellenbosch and operates around 870 branches across South Africa with a deliberately simple, low-cost retail-banking offering. In 2019 Capitec acquired Mercantile Bank from Portugal's Caixa Geral de Depósitos. The SWIFT code CABLZAJJ uses bank code CABL — distinctive within the South African banking sector. The 11-character form CABLZAJJXXX identifies the Stellenbosch head office. Inbound diaspora wires settle through the same SWIFT code regardless of which Capitec branch services the recipient.
5 Neutron Avenue, Techno Park, Stellenbosch
Map centred on Stellenbosch. Click "View on OpenStreetMap" below for precise location.
Capitec Bank — South Africa's commercial bank (founded 2001) — has the SWIFT/BIC code CABLZAJJ. The 8-character base BIC CABLZAJJ targets the Stellenbosch head office; the 11-character variant CABLZAJJXXX names that same head office explicitly. You only need it for receiving an INTERNATIONAL wire (from another country). For transfers from another South Africa account, you just use your account number plus the domestic rail (PayShap).
Yes. Operators like WorldRemit, Sendwave, Afriex, and Flutterwave Send let a sender abroad deposit directly into TymeBank without going through your Capitec account. It's usually faster and cheaper than a SWIFT wire for smaller amounts. You can then move funds to Capitec via PayShap if needed.
Via PayShap, which interconnects banks and wallets in real time. From the Capitec app: add TymeBank as a beneficiary with your phone number, and the transfer arrives instantly. See our South Africa mobile money fees page for the exact cost.
For amounts under ~US$5,000, a remittance app (Wise, LemFi, Sendwave) depositing direct to your Capitec account is almost always cheaper than a classic SWIFT wire — lower fees and a rate closer to mid-market. For larger amounts, compare SWIFT vs app on our South Africa inbound transfer comparison.
Yes. Capitec is connected to PayShap, which enables near-instant transfers to other South Africa banks and to mobile money wallets (TymeBank, Shoprite Money, Capitec Pay). This is the infrastructure remittance apps use behind the scenes to deliver in real time.
Source: Capitec's official website + Wise SWIFT directory. Last verified: 2026-06-04. SWIFT codes change rarely but always confirm with your bank before initiating a transfer. Educational only — not financial advice.