SWIFT / BIC
SWIFT/BIC code of United Company for Financial Transfer
UCFTIQB1 · Iraq
- BIC, 8 characters
- UCFTIQB1
- BIC, 11 characters
- UCFTIQB1XXX
- Country
- Iraq
- Address
- Mukhtar Hartheya Baghdad Iraq
Source: ISO 9362 BIC registry, head-office codes only, no branch codes. Check the code with the bank before sending a large transfer.
How UCFTIQB1 is built
| Positions | Length | Meaning |
|---|---|---|
| 1–4 | 4 | UCFT Bank code |
| 5–6 | 2 | IQ Country |
| 7–8 | 2 | B1 Location |
| 9–11 | 3 | XXX Branch · XXX or omitted = head office |
Other SWIFT codes in Iraq
How to use UCFTIQB1 for a transfer
Give the sender two things: the BIC UCFTIQB1 (or UCFTIQB1XXX if the form asks for 11 characters) and your account number at United Company for Financial Transfer. In Iraq the account number is the IBAN, 23 characters starting with IQ. Check both on your bank statement before sending a large amount: a wrong code delays the transfer or sends it back with fees.
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.
Questions
What is the SWIFT code of United Company for Financial Transfer?
The SWIFT/BIC code of United Company for Financial Transfer is UCFTIQB1. In the 11-character form it is UCFTIQB1XXX, where XXX stands for the head office.
Is UCFTIQB1 a SWIFT code or a BIC?
Both: BIC is the ISO 9362 name of the code, SWIFT the network that assigns it. UCFTIQB1 is the same code under either name.
Do I also need the IBAN to receive money at United Company for Financial Transfer?
Iraq uses the IBAN: the account number to give with the BIC is the IBAN, 23 characters long and starting with IQ. See the IBAN format of Iraq.
Can I receive international transfers with iSwiss Pay?
Yes. The iSwiss Pay euro, US dollar and pound accounts each come with their own coordinates, including the BIC where applicable, and receive SWIFT and local transfers.
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