Our international money transfer is a safe and secure way to make international payments, either as a transfer or withdrawal, which is better in value and faster than sending through your local bank. Safesphere can be employed to make both one-off and regular international payments.  

There are few ways to currently transfer your money internationally. Bear in mind that to employ any of these options, you will have to sign-up with Safesphere and create an account beforehand.  

  1. Safe Transfer  

This allows you to send money to your friends and family anywhere in the world securely, faster, and with better value. To begin simply invite your recipient to sign-up to Safesphere by creating an account. The transfer is free of charge. Rates vary according to the recipient’s currency. 

  1. ABA Number 

When making a money withdrawal to the United States of America, you will need your ABA number. It identifies your local bank.  ABA numbers are assigned to each financial institution by the United States Federal Reserve. 

How to find your ABA number 

  • Look at your check-book. It is a 9-digit number 
  • Contact your bank and ask for the ABA number 
  • Log in to your online banking 

Also referred to as Bank Transit Routing numbers. ABA numbers are allocated by the American Bankers Association. You also need to know your account number, swift code, and most importantly name on the account.  

  1. SWIFT Codes and BIC 

A SWIFT Code or BIC (or SWIFT BIC, as it is sometimes known) is a code that assists Safesphere to identify which bank to send money to.  Your SWIFT code or BIC will vary based on your local account. Please check the actual SWIFT Code or BIC which is specific to your account, this can be found on your latest statement.  The Bank Identifier Code (BIC) contains information regarding the receiving country, bank, and branch. It contains numbers and letters and is eight to 11 digits long. BICs are made up of the ‘Bank Code, ‘Country Code’, and ‘Branch Identifier’. The acronym SWIFT refers to the Belgian Society for Worldwide Interbank Financial Telecommunication that developed the code as part of its mission to assist global financial institutions send and receive information regarding financial transactions in a secure, standardised, and reliable manner. Your SWIFT code or BIC specific to your local bank account can be found on your latest statement.  

SWIFT codes or BIC can be employed on Safesphere for withdrawals by entering the receiving bank’s ‘SWIFT code’ or ‘BIC’, as well as your ‘account name’ and ‘account number’. There are however two other instances where you employ either SWIFT code or BIC. 

  • Withdrawing with IBAN – Your International Bank Account Number (IBAN) will typically contain 22 digits for accounts in the United Kingdom. The first two digits are normally the ‘Country Code’ followed by a two digit ‘Check Number’. The next is a four-digit code or ‘Bank Code’. The last 14 digits are your ‘Sort Code’ (6 digits) and ‘Account Number’ (8 digits).  

Construction of IBAN 

  • Country code identifies the country in which the IBAN was allocated and where the IBAN account is held 
  • Check numbers enables Safesphere to complete an integrity check of the IBAN. It will vary from one IBAN to another 
  • Bank code identifies the IBAN account holder’s bank 
  • Sort code and account number identify the account into which funds should be transferred. You will see from your statement that these are the same as your (UK) bank details. 

The structure above is consistent but the actual length, which can be up to 34 characters, depends on the national standards of the country in which it is allocated. The IBAN is employed in most European countries as well as in many parts of the Middle East and the Caribbean.  

Employing IBAN, SWIFT Code or BIC on Safesphere 

IBANs can be employed for international withdrawal on Safesphere. Check with your local bank to make sure they apply IBAN in their banking system or if it is missing from your statement before selecting it as a withdrawal option on Safesphere. 

Your IBAN and BIC or SWIFT Code are your account number and sort code written in a standard, internationally recognised format. They assist us to process your international withdrawals automatically, making them faster, safer, and inexpensive.  

Quote the IBAN you are given in your account number or ‘IBAN’ field of your withdrawal instruction. Also, quote the BIC or SWIFT Code you are given in the bank or BIC/SWIFT code field. Remove any spaces between the characters. Also remove any prefaces such as ‘IBAN’ and ‘BIC’.   

  • Withdrawing with SEPA – SEPA banks are banks that operate within the Single Euro Payments Area (SEPA). The SEPA scheme was set up by the European Union in conjunction with the European Payments Council to simplify making international payments in Euros. Employing SEPA bank transfers are a way to make international payments in Euros between Safesphere and Banks that accept SEPA payments.  Most cross-border payments are made applying the SWIFT system. Each SEPA financial institution has its own unique swift code, so Safesphere can make a quick and secure SEPA money withdrawal through the SWIFT system.  

For a SEPA SWIFT withdrawal you will need the: 

  • Your name  
  • IBAN of the account you want to credit  
  • Country you are sending the money to 
  • Currency you want to pay in – Euros in this case 
  • BIC – also known as a SWIFT Code.  

  1. NUBAN:  

If you are sending money to your bank account in Nigeria, you will need your Nigerian Uniform Bank Account Number (NUBAN) which is the standardised system for numbering bank accounts in Nigeria. A NUBAN assists Safesphere deliver money to the correct bank account. Informally, a NUBAN is also known as:  

  • A Nigerian IBAN number 
  • A Nigerian bank routing number 
  • A Nigerian bank account number 
  • A Nigerian SWIFT code 
  • A Nigerian NUBAN code 

Although NUBANs vary from IBAN numbers, SWIFT or BIC codes and Routing Numbers, they do perform similar functions. A current NUBAN consists of 10 numerical digits written with no spaces or dashes although the current format could change to a 16-digit format in 2021. All NUBANs come from a complex calculation performed by the CBN, which involves:  

  • A three-digit bank or CBN code 
  • A NUBAN serial number, which varies from a NUBAN number 
  • A check digit 

You will be able to find your NUBAN or account number in your online banking account or a recent bank statement.