AI agents for business finance: what they can and can't do
What AI agents can do in bookkeeping, close, collections and compliance today, where a person must stay in charge, and how to judge a product.
The short answer
Wema Bank's SWIFT/BIC code is WEMANGLA; the 11-character form is WEMANGLAXXX, registered to Wema Bank Plc, 54 Marina, Wema Towers, Lagos (XE, October 2026). A sender abroad also needs your exact account name, your 10-digit account number and, for dollars, ideally a domiciliary account. Ask Wema for its correspondent bank details before a large payment.
The code
- SWIFT/BIC (8 characters)
- WEMANGLA
- SWIFT/BIC (11 characters)
- WEMANGLAXXX (XXX = head office)
- Bank name
- Wema Bank Plc
- Address
- 54 Marina, Wema Towers, Lagos 100221, Nigeria
- Source
- XE SWIFT code register, checked October 2026
The eight and eleven character versions point to the same institution. Some sending forms insist on 11 characters; use WEMANGLAXXX there. XE lists the XXX head office entry for Wema; we did not find branch-specific Wema BICs, so use the head office code unless Wema gives you another in writing.
What the sender needs from you
- Beneficiary name exactly as on your Wema account. Mismatches are the commonest reason for returns.
- Account number: your 10-digit Wema NUBAN. Nigeria does not use IBANs; if a form demands one, use the account number.
- Bank name and address: Wema Bank Plc, 54 Marina, Lagos.
- SWIFT/BIC: WEMANGLA or WEMANGLAXXX.
- Purpose of payment: family support, tuition, invoice payment and so on. Vague descriptions can cause compliance holds.
- Correspondent or intermediary bank for the currency, if the sender's bank asks. Wema does not publish these on the pages we read; request them from Wema in writing.
Which Wema account should receive it?
Dollars, pounds or euros sent by SWIFT are best received into a foreign-currency account. Wema's Dom Plus account accepts foreign transfers and payouts from international money transfer operators, according to its FAQ, and costs no maintenance fee. Sending foreign currency to a naira account usually means the money is converted at the bank's rate on arrival, which you do not control. Our Wema domiciliary guide covers opening one.
Receiving money for school fees, freelancing or family support
The reason for the payment shapes what Wema may ask you. Freelancers paid by foreign clients may be asked for an invoice or contract. Family support may prompt questions about the relationship with the sender. Large one-off amounts, such as proceeds of a property sale abroad, can trigger enhanced checks. None of this means something is wrong; banks must understand where funds come from. Keep the supporting documents ready and reply quickly, because a payment on hold is not credited until the questions are answered.
Sending money out of Wema
This page is about receiving. Paying abroad from Wema runs the other way: for school fees, medical bills and travel allowances, Wema's help centre has Form A requirement pages listing the documents for each purpose. The beneficiary abroad gives you their bank's SWIFT code and account details, not Wema's.
Why foreign transfers get delayed or returned
- Name on the payment does not match the account name.
- Wrong account number, or a naira account given for a currency it cannot hold.
- Missing or wrong intermediary bank details.
- The bank's compliance team needs more information about the purpose or the sender.
- Charges: each bank in the chain can deduct a fee, so less may arrive than was sent. The sender chooses who pays ("OUR", "SHA" or "BEN" on many forms).
Worked example of charges
Example only, with illustrative fees. A relative in the UK sends $1,000 on a shared-charges basis. Their bank charges them separately; an intermediary bank deducts $20; Wema applies its own receiving charge, say $10. You receive $1,000 - $20 - $10 = $970. Ask the sender to choose OUR if you need the full amount to arrive, which means they pay the chain's fees.
SWIFT or a money transfer app?
SWIFT suits large or business payments and anything the sender's bank must document. For regular family remittances, licensed money transfer operators can be quicker and clearer about fees, and Wema's FAQ says Dom Plus can receive IMTO payouts. Our explainer on SWIFT versus local rails and the guide to IBAN, sort code and SWIFT set out the differences.
What to check first
- Is your account name spelt identically on the sender's form?
- Are you receiving into a domiciliary account if you want to keep the currency?
- Have you got the intermediary bank details from Wema for USD, GBP or EUR?
Where Pryme fits
A Pryme Personal account gives you local account details for USD, GBP and EUR, so a sender abroad can often pay you like a local payment instead of by SWIFT; outside Nigeria this runs through regulated partners. The money stays in the currency it arrived in until you use Swap. See multicurrency accounts.
Questions people ask
What is the SWIFT code for Wema Bank?
WEMANGLA, or WEMANGLAXXX in 11-character form, registered to Wema Bank Plc, 54 Marina, Lagos.
Does Wema Bank have an IBAN?
Nigeria does not use IBANs. Give your 10-digit Wema account number in the account or IBAN field.
Can I receive dollars in my Wema naira account?
Usually the money is converted to naira at the bank's rate. To keep dollars, receive into a Wema domiciliary account.
Is ALAT SWIFT code different from Wema?
No. ALAT accounts are Wema Bank accounts, so the bank's SWIFT code applies.
Sources
- XE: WEMANGLAXXX SWIFT code · accessed Oct 2026
- Wema Bank help centre: Dom Plus Account · accessed Oct 2026
- Wema Bank help centre: knowledge base · 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.