ARABPS22500 SWIFT/BIC Code

The SWIFT number ARABPS22500 was issued by ARAB BANK PLC in GAZA.

SWIFT/BIC NumberARABPS22500
Bank NameARAB BANK PLC
Bank CityGAZA
Bank Branch(GAZA BRANCH)

What is a SWIFT code?

A SWIFT/BIC code is a standard format to uniquely identify all banks and financial institutions globally. SWIFT codes are a standard format for BIC - Business Identifier Codes.

If you transmit money internationally you almost always need to use a SWIFT code, as it’s the way banks and money transfer services identify where to send money on a global scale. You can think of a SWIFT/BIC code a bit like a ZIP/postal code. Your bank can use the SWIFT/BIC code to find another bank on the opposite side of the world. Like sending post to an incorrect ZIP code means it might go missing, the same goes for your money and an incorrect SWIFT code.

What does a SWIFT/BIC look like?

A SWIFT code can be either 8 or 11 characters long:

AAAA BB CC DDD

  • AAAA: 4 character bank code.This section can only be A-Z letters.
  • BB: 2 character country code. ISO alpha-2 country code.
  • CC: 2 character location code.
  • DDD: 3 character branch code. This is optional and can be letters or digits. An XXX here would refer to the primary office.

More info about SWIFT/BIC codes

There are 2 types of SWIFT code: live and passive. Live codes are for financial institutions who are actively connected to the SWIFT network while passive Codes are used for manual transactions. Passive SWIFT codes will have a 1 as the second digit of the 2 character location code.

SWIFT code registrations and management are the responsibility of "Society for Worldwide Interbank Financial Telecommunication" (“SWIFT”) which is located in La Hulpe, Belgium.

SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.