SWIFT / BIC
SWIFT codes: Eritrea
3 BIC codes of banks and institutions in Eritrea, with the address of each one.
- codes
- 3
- Country
- ER
Type the bank name or the BIC code; the country is optional and narrows the list.
Source: ISO 9362 BIC registry, head-office codes only, no branch codes. Check the code with the bank before sending a large transfer.
What a SWIFT/BIC code is
The BIC (Business Identifier Code), commonly called SWIFT code, identifies a bank or institution in international payments. It has 8 or 11 characters: 4 letters for the institution, 2 for the country, 2 for the location, and an optional 3 for the branch. XXX, or no branch code at all, means the head office.
For a transfer in euros within SEPA the IBAN is enough. For a transfer outside the area, or in another currency, the sending bank needs the beneficiary's IBAN or account number plus the BIC of the receiving bank. A wrong BIC delays the transfer or sends it back, with fees charged.
Questions
How many SWIFT codes are there in Eritrea?
This list has 3 BIC codes of banks and institutions in Eritrea, head offices only.
How do I recognise a Eritrea BIC?
Characters 5 and 6 of the code are the country: a BIC of Eritrea has ER in that position, for example BOERERAI.
Which IBAN goes with these codes?
Eritrea does not use the IBAN: give the BIC together with the local account number as shown on the statement.
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