What is the bank code for GoTyme?

Understanding GoTyme’s Banking Codes

GoTyme, a digital-first bank, operates under the umbrella of Guaranty Trust Holding Company (GTCO). As such, GoTyme customers can access banking services through GTCO’s network, including the use of GTCO’s bank codes.

GoTyme’s Bank Code

GoTyme does not have a dedicated bank code specifically assigned to its operations. Instead, customers can use the following bank code to access GoTyme’s services:

• Guaranty Trust Bank (GTCO) Bank Code: 058

SWIFT Code for International Transactions

GoTyme has been assigned a Society for Worldwide Interbank Financial Telecommunication (SWIFT) code: GOTYPHM2. However, this code is currently unavailable for international transactions.

Temporary Restriction on International SWIFT Transfers

While GoTyme has technically been assigned a SWIFT code, the bank has not yet fully implemented the necessary infrastructure to support global SWIFT transfer capabilities. Therefore, using the GOTYPHM2 code for international payments is not advised at this time.

Alternative Methods for International Transactions

Customers who wish to make international transfers can explore alternative methods, such as:

• Cross-border mobile money services
• Online money transfer platforms
• Transferring funds through authorized agents or partner banks

Future Availability of SWIFT Transfers

GoTyme plans to fully implement SWIFT transfer capabilities in the future, allowing customers to conveniently send and receive international payments. However, the exact timeline for this implementation is still to be announced.

Conclusion

While GoTyme currently does not offer dedicated international SWIFT transfer services, customers can access various banking services through GTCO’s network using the bank code 058. International transactions can be conducted through alternative channels until GoTyme fully implements its SWIFT capabilities.