ABINAEAAAIN SWIFT/BIC Code

The SWIFT number ABINAEAAAIN was issued by ARAB BANK FOR INVESTMENT AND FOREIGN TRADE in AL AIN.

SWIFT/BIC NumberABINAEAAAIN
Bank NameARAB BANK FOR INVESTMENT AND FOREIGN TRADE
Bank CityAL AIN
Bank Branch(AL AIN BRANCH)

What is a BIC code?

A SWIFT code - also known as a SWIFT number is a standard format to uniquely identify banks, non-financial, and financial institutions globally. The SWIFT code is a standard format for Business Identifier Codes (BIC).

If you send money internationally you nearly always need to use a SWIFT code, as it’s the way banks, financial institutions and money transfer services identify where to send money on a global scale. You can think of a BIC code a bit like an international postal code. Your bank can use the SWIFT code to find another bank on the other side of the world. Like sending post to the wrong ZIP/postal code means it could get lost or returned, the same goes for your money and an incorrect SWIFT code.

What does a BIC look like?

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

AAAA BB CC DDD

  • AAAA: 4 character bank code.Just letters, no numbers.
  • BB: 2 character country code. ISO alpha-2 country code.
  • CC: 2 character location code.
  • DDD: 3 character branch code. Optional. Can include 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.