SWIFT / BIC
SWIFT/BIC code of Sahem Trading and Investment Company
STIPPS21 · Palestine
- BIC, 8 characters
- STIPPS21
- BIC, 11 characters
- STIPPS21XXX
- Country
- Palestine
- Address
- Rafat Street Ramallah 0000 Palestine, State of
Source: ISO 9362 BIC registry, head-office codes only, no branch codes. Check the code with the bank before sending a large transfer.
How STIPPS21 is built
| Positions | Length | Meaning |
|---|---|---|
| 1–4 | 4 | STIP Bank code |
| 5–6 | 2 | PS Country |
| 7–8 | 2 | 21 Location |
| 9–11 | 3 | XXX Branch · XXX or omitted = head office |
Other SWIFT codes in Palestine
How to use STIPPS21 for a transfer
Give the sender two things: the BIC STIPPS21 (or STIPPS21XXX if the form asks for 11 characters) and your account number at Sahem Trading and Investment Company. In Palestine the account number is the IBAN, 29 characters starting with PS. 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 Sahem Trading and Investment Company?
The SWIFT/BIC code of Sahem Trading and Investment Company is STIPPS21. In the 11-character form it is STIPPS21XXX, where XXX stands for the head office.
Is STIPPS21 a SWIFT code or a BIC?
Both: BIC is the ISO 9362 name of the code, SWIFT the network that assigns it. STIPPS21 is the same code under either name.
Do I also need the IBAN to receive money at Sahem Trading and Investment Company?
Palestine uses the IBAN: the account number to give with the BIC is the IBAN, 29 characters long and starting with PS. See the IBAN format of Palestine.
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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Accounts in euros, US dollars and pounds, each with its own coordinates, held in full reserve.
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