SWIFT / BIC
SWIFT/BIC code of Ola Energy Services Dmcc
OILBAEAD · United Arab Emirates
- BIC, 8 characters
- OILBAEAD
- BIC, 11 characters
- OILBAEADXXX
- Country
- United Arab Emirates
- Address
- Cluster W Jumeirah Lakes Towers JBC05 Floor 12 Dubai Pob 488202 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 OILBAEAD is built
| Positions | Length | Meaning |
|---|---|---|
| 1–4 | 4 | OILB 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 OILBAEAD for a transfer
Give the sender two things: the BIC OILBAEAD (or OILBAEADXXX if the form asks for 11 characters) and your account number at Ola Energy Services Dmcc. 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 Ola Energy Services Dmcc?
The SWIFT/BIC code of Ola Energy Services Dmcc is OILBAEAD. In the 11-character form it is OILBAEADXXX, where XXX stands for the head office.
Is OILBAEAD a SWIFT code or a BIC?
Both: BIC is the ISO 9362 name of the code, SWIFT the network that assigns it. OILBAEAD is the same code under either name.
Do I also need the IBAN to receive money at Ola Energy Services Dmcc?
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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Accounts in euros, US dollars and pounds, each with its own coordinates, held in full reserve.
Accounts are opened after identity verification and are subject to our compliance policy.