SWIFT / BIC
SWIFT/BIC code of Redha al Ansari Exchange
RAECAEAD · United Arab Emirates
- BIC, 8 characters
- RAECAEAD
- BIC, 11 characters
- RAECAEADXXX
- Country
- United Arab Emirates
- Address
- Building NO 16 Plot NO 106 , Souq al Kabeer, Deira Dubai 08828 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 RAECAEAD is built
| Positions | Length | Meaning |
|---|---|---|
| 1–4 | 4 | RAEC 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 RAECAEAD for a transfer
Give the sender two things: the BIC RAECAEAD (or RAECAEADXXX if the form asks for 11 characters) and your account number at Redha al Ansari Exchange. 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 Redha al Ansari Exchange?
The SWIFT/BIC code of Redha al Ansari Exchange is RAECAEAD. In the 11-character form it is RAECAEADXXX, where XXX stands for the head office.
Is RAECAEAD a SWIFT code or a BIC?
Both: BIC is the ISO 9362 name of the code, SWIFT the network that assigns it. RAECAEAD is the same code under either name.
Do I also need the IBAN to receive money at Redha al Ansari Exchange?
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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