SWIFT/BIC code ECOOIQB1XXX
ECOOIQB1XXX belongs to Economy Bank in Baghdad, Iraq.
Code details
| SWIFT/BIC code | ECOOIQB1XXX |
|---|---|
| 8-character code | ECOOIQB1 |
| Branch code | XXX |
| Bank | Economy Bank |
| Branch | Head office |
| City | Baghdad |
| Country | Iraq |
How the Economy Bank SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- ECOO Bank code
- 4 letters that identify the bank.
- IQ Country code
- 2 letters for the country (ISO 3166).
- B1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which institution uses BIC ECOOIQB1XXX?
The code ECOOIQB1XXX belongs to the head office of Economy Bank in Baghdad, Iraq. It is the code to use when you send money to an account at Economy Bank.
What happens if I enter ECOOIQB1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Double-check ECOOIQB1XXX against the details from Economy Bank before sending.
What is the best way to send money to Economy Bank in Iraq?
Banks often add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Iraq with transfer services before you send – the difference can be large.
Are ECOOIQB1 and ECOOIQB1XXX the same code?
Yes, they are. ECOOIQB1 is the 8-character version of ECOOIQB1XXX. The XXX at the end only refers to the head office, so either version will reach Economy Bank in Baghdad.
How long does a transfer to Economy Bank take in Iraq?
A SWIFT payment usually takes 2–5 business days, depending on intermediary banks and cut-off times. Specialist transfer services are often quicker and cheaper.
Which details do I need to send money to an account at Economy Bank?
You need the SWIFT/BIC code ECOOIQB1XXX, the account number or IBAN of the recipient, their full name and address. Iraq is not part of SEPA, so always include the BIC.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.