The SWIFT code for UNIVERSAL MERCHANT BANK LTD is MBGHGHACTMA
While the main UNIVERSAL MERCHANT BANK LTD SWIFT code (ending in XXX) can be used for general transfers, using the branch-specific code MBGHGHACTMA ensures your funds are routed directly to the TEMA clearing system. This reduces manual processing at the head office and can speed up your transfer by up to 24 hours.
| Bank Name | UNIVERSAL MERCHANT BANK LTD |
| Bank Address | TEMA, GREATER ACCRA |
| City | TEMA |
| Country | 🇬🇠Ghana |
| Bank Code | MBGH |
| Country Code | GH |
| Location Code | AC |
| Branch Code | TMA |
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Sending money to family or friends shouldn’t be stressful. Understanding the fees and delivery times helps you feel confident about your transfer. At Remitly, we make the process simple, affordable, and secure. You’ll know the total cost and delivery time before completing your transfer. Choose a payment method that suits you, whether it’s a debit or credit card.
Get started nowSending Money to UNIVERSAL MERCHANT BANK LTD in TEMA
Follow these three steps to ensure your international wire transfer reaches the correct account at the TEMA branch without delays or hidden intermediary fees.
- Step 1: Collect Recipient Details. You will need the full legal name of the account holder and their IBAN (International Bank Account Number). For Ghana, IBANs typically start with the prefix GH.
- Step 2: Enter the SWIFT/BIC Code. When prompted by your banking app or wire service, enter MBGHGHACTMA. This unique 11-character identifier ensures the funds are routed specifically to the UNIVERSAL MERCHANT BANK LTD systems in TEMA.
- Step 3: Confirm the Transfer Method. If you are sending from within Europe, select SEPA for lower fees and faster delivery. For transfers from outside the EU (e.g., USA, India, or Australia), ensure you select SWIFT/International Wire and double-check if your bank requires an intermediary bank for Ghana transactions.
Where can I find my SWIFT/BIC code?
You can find your SWIFT/BIC code in several easy-to-locate places:
- On your bank statements, either printed or online.
- Inside your online banking portal, under account information.
- On your bank’s official website, usually in their international banking or FAQ section.
- By directly contacting your bank’s customer service.
Online resources like SWIFT Codes Finder can be really helpful.
Example of transaction information
- Beneficiary Name: [Recipient Name]
- Bank: [Bank Name]
- SWIFT/BIC Code: [SWIFT Code]
- Bank Address: [Street, City, Country]
- Account Number/IBAN: [Account Number or IBAN]
Frequently Asked Questions
Should I use this specific code or the UNIVERSAL MERCHANT BANK LTD head office code?
While the UNIVERSAL MERCHANT BANK LTD head office code (ending in XXX) is often accepted, using MBGHGHACTMA is the best way to ensure your money reaches the TEMA branch directly. By using the branch-specific code, you bypass the central sorting queue at the head office, which can often speed up the processing of your international transfer by a full business day.
Can I receive international payments at the branch in TEMA?
Yes, the office in TEMA is fully equipped to receive international wire transfers via the SWIFT network. To ensure the funds are credited correctly, you must provide the sender with the SWIFT/BIC code MBGHGHACTMA and your full IBAN associated with your account at this location.
What is the correct address for a wire transfer to TEMA?
When you are asked for the "Beneficiary Bank Address" on a wire transfer form, you should provide the specific physical location in TEMA to ensure a smooth verification process:
UNIVERSAL MERCHANT BANK LTD
TEMA, GREATER ACCRA, TEMA, Ghana
How long does it take for money to arrive at this Ghana location?
Typically, an international transfer to the branch in TEMA takes between 1 and 3 business days. To avoid delays, ensure the sender uses the specific code MBGHGHACTMA. Transfers initiated on weekends or during local public holidays in Ghana may take slightly longer to reflect in your account.
What happens if I use the SWIFT code for the wrong branch?
If you accidentally use a code for a different UNIVERSAL MERCHANT BANK LTD location instead of the one in TEMA, your money is rarely lost. Instead, the bank will usually perform a "manual repair" to route the funds to the correct account based on your IBAN. However, this manual intervention often incurs a small additional fee and can delay the deposit by 24 to 48 hours.
Is this the same as the IBAN for my account in TEMA?
No. The SWIFT code MBGHGHACTMA identifies the UNIVERSAL MERCHANT BANK LTD branch in TEMA, whereas your IBAN identifies your specific, individual bank account. For a successful international transfer, you must provide both pieces of information to the sender.
SWIFT Codes for main Ghana banks
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