SWIFT / BIC
SWIFT/BIC code of International Development Bank for Investment and Finance - Dubai Branch
IDBQAEAD · United Arab Emirates
- BIC, 8 characters
- IDBQAEAD
- BIC, 11 characters
- IDBQAEADXXX
- Country
- United Arab Emirates
- Address
- AL Shafar Investment Building Floor Ground 7 a Street - SR 11 and SR 12 al Qouz Dubai United Arab Emirates
Source: ISO 9362 BIC registry, head-office codes only, no branch codes. Check the code with the bank before sending a large transfer.
How IDBQAEAD is built
| Positions | Length | Meaning |
|---|---|---|
| 1–4 | 4 | IDBQ Bank code |
| 5–6 | 2 | AE Country |
| 7–8 | 2 | AD Location |
| 9–11 | 3 | XXX Branch · XXX or omitted = head office |
Other SWIFT codes in United Arab Emirates
How to use IDBQAEAD for a transfer
Give the sender two things: the BIC IDBQAEAD (or IDBQAEADXXX if the form asks for 11 characters) and your account number at International Development Bank for Investment and Finance - Dubai Branch. In United Arab Emirates the account number is the IBAN, 23 characters starting with AE. 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 International Development Bank for Investment and Finance - Dubai Branch?
The SWIFT/BIC code of International Development Bank for Investment and Finance - Dubai Branch is IDBQAEAD. In the 11-character form it is IDBQAEADXXX, where XXX stands for the head office.
Is IDBQAEAD a SWIFT code or a BIC?
Both: BIC is the ISO 9362 name of the code, SWIFT the network that assigns it. IDBQAEAD is the same code under either name.
Do I also need the IBAN to receive money at International Development Bank for Investment and Finance - Dubai Branch?
United Arab Emirates uses the IBAN: the account number to give with the BIC is the IBAN, 23 characters long and starting with AE. See the IBAN format of United Arab Emirates.
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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