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The short answer
Lotus Bank Limited's SWIFT (BIC) code is LOTUNGLAXXX, often written in its eight-character form LOTUNGLA, registered to 39C Ahmed Onibudo Street, Victoria Island, Lagos (Remitly directory, checked Oct 2026). A sender abroad also needs your full account name, your 10-digit account number and, for foreign currency, an account in that currency; confirm any intermediary bank details with Lotus before the first transfer.
If someone outside Nigeria wants to pay you through the international SWIFT network, their bank will ask for the receiving bank's SWIFT or BIC code. Getting it right matters, but it is only one of several details. This guide gives Lotus Bank's code as shown in a public SWIFT directory, explains what each part means and lists what the sender needs so the money does not bounce or sit in a queue.
Lotus Bank's SWIFT code
| Field | Detail |
|---|---|
| Bank name | LOTUS BANK LIMITED |
| SWIFT/BIC (11 characters) | LOTUNGLAXXX |
| SWIFT/BIC (8 characters) | LOTUNGLA |
| Address | 39C Ahmed Onibudo Street, Victoria Island, Lagos 101241 |
| Branch code | XXX (head office) |
These details come from Remitly's SWIFT directory, checked in October 2026. Lotus Bank's own website did not show a SWIFT code to our reader, so confirm the code, and whether the bank uses a correspondent bank for the currency you expect, with Lotus before a large transfer.
What the code means
- LOTU
- The bank identifier for Lotus Bank.
- NG
- The country code for Nigeria.
- LA
- The location code, Lagos.
- XXX
- The branch code; XXX denotes the head office. Eight-character and eleven-character versions with XXX point to the same place.
If a sending form insists on 11 characters, use LOTUNGLAXXX. If it accepts 8, LOTUNGLA is fine. For how SWIFT codes relate to IBANs, sort codes and routing numbers, see IBAN, sort code, routing number and SWIFT.
What the sender needs from you
- Your account name exactly as the bank holds it, matching your BVN records.
- Your 10-digit Lotus Bank account number (NUBAN). Nigerian banks do not use IBANs.
- The bank name and address above, and the SWIFT code.
- The currency of the account receiving the money. A dollar transfer into a Naira account is normally converted at the receiving bank's rate; to keep dollars as dollars you need a foreign currency (domiciliary) account. Ask Lotus which currencies it offers.
- Any intermediary (correspondent) bank and its SWIFT code, if Lotus asks senders to route through one for that currency.
- A purpose of payment, such as family support, salary or invoice payment. Banks on both sides may ask.
Lotus Bank's CBN bank code, listed as 303 in Prembly's bank codes reference, is used for local transfers inside Nigeria. It is not a substitute for the SWIFT code on an international transfer.
Who pays the charges
International transfers carry a charge instruction chosen by the sender. OUR means the sender pays all charges, SHA means each side pays its own bank, and BEN means all charges come out of the amount sent. Intermediary banks can also deduct a fee as the payment passes through, which is why the amount received is sometimes lower than the amount sent.
Example only. A sender in London pays $1,000 to a Lotus domiciliary account using SHA. The sending bank's fee is billed to the sender separately. An intermediary bank deducts $20 in transit, and the receiving bank applies its own inward charge, say $5. You would receive $975 ($1,000 − $20 − $5). Lotus's actual inward charges were not on a page we could read, so ask the bank for its current tariff.
What to check before the first transfer
- Confirm the SWIFT code and any correspondent bank with Lotus by phone or email. TechCabal, verified May 2026, lists 0700 568 872 265, 07000100000 and support@lotusbank.com.
- Confirm the account is at the right KYC tier to receive the amount; low-tier accounts have balance caps. See KYC tier limits.
- Ask how long inward transfers usually take to be credited and what reference the sender should quote.
- Keep the sender's transfer reference (often called an MT103) in case you need to trace the payment.
If the money does not arrive
Most delays come from a mismatch: a misspelt account name, a missing digit, the wrong currency or a missing intermediary bank. Ask the sender for the transfer confirmation showing the SWIFT code, account number and name they used, and compare it with your details. If everything matches, give Lotus the sender's reference, the amount, the currency and the date sent, and ask the bank to trace the inward payment. If the sending bank has to trace it, the sender must start that request from their side, because only they can instruct their bank.
Returned payments usually come back to the sender minus charges, so it is cheaper to check details carefully before the first transfer than to fix one afterwards. A small test payment is a sensible first step for a new sender.
SWIFT is not the only route. For many senders, a local-rail payment is quicker and cheaper; SWIFT vs local payment rails compares the two.
Where Pryme fits
A Pryme account holds NGN, USD, GBP and EUR, with local account details for each currency, so a sender abroad can often pay you on their own country's local rails instead of SWIFT. Money stays in the currency it arrived in until you choose to convert it with Swap, where the rate is shown first and the fee sits on its own line. See multicurrency accounts.
Questions people ask
What is the SWIFT code of Lotus Bank Nigeria?
LOTUNGLAXXX, or LOTUNGLA in eight-character form, registered to 39C Ahmed Onibudo Street, Victoria Island, Lagos (Remitly directory, Oct 2026). Confirm with Lotus before a large transfer.
Does Lotus Bank have an IBAN?
No. Nigerian banks use a 10-digit NUBAN account number. Give the sender your account number plus the SWIFT code.
Can I receive dollars into my Lotus Bank Naira account?
A dollar transfer into a Naira account is usually converted at the bank's rate. To receive and keep dollars, you need a foreign currency account; ask Lotus which currencies it offers.
Is Lotus Bank code 303 the same as the SWIFT code?
No. 303 is the bank code used for local transfers in Nigeria (per Prembly's list). International senders need the SWIFT code.
Sources
- Remitly: LOTUS BANK LIMITED SWIFT code (LOTUNGLAXXX) · accessed Oct 2026
- Lotus Bank website (lotusbank.com) · accessed Oct 2026
- Prembly docs: CBN bank codes · accessed Oct 2026
- TechCabal: Customer care numbers for banks and fintechs in Nigeria (verified May 2026) · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.