SWIFT/BIC code IBOSSOSMXXX
IBOSSOSMXXX belongs to International Bank of Somalia (Ibs) in Mogadiscio, Somalia.
Code details
| SWIFT/BIC code | IBOSSOSMXXX |
|---|---|
| 8-character code | IBOSSOSM |
| Branch code | XXX |
| Bank | International Bank of Somalia (Ibs) |
| Branch | Head office |
| City | Mogadiscio |
| Country | Somalia |
How the International Bank of Somalia (Ibs) SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- IBOS Bank code
- 4 letters that identify the bank.
- SO Country code
- 2 letters for the country (ISO 3166).
- SM 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 is behind BIC IBOSSOSMXXX?
The code IBOSSOSMXXX belongs to the head office of International Bank of Somalia (Ibs) in Mogadiscio, Somalia. It is the code to use when a payment to International Bank of Somalia (Ibs) does not need a specific branch.
How long does it take to send money to International Bank of Somalia (Ibs)?
A SWIFT payment typically takes 2–5 business days, depending on intermediary banks and cut-off times. Specialist transfer services are often faster than a bank.
Does International Bank of Somalia (Ibs) have a single SWIFT/BIC code?
Yes – IBOSSOSMXXX is the single SWIFT/BIC code we have for International Bank of Somalia (Ibs) in Somalia, so you do not need to pick a branch code.
What does each part of IBOSSOSMXXX mean?
IBOS is the bank code of International Bank of Somalia (Ibs), SO stands for Somalia, SM is the location code and XXX means the main office.
Which details do I need for a transfer to an account at International Bank of Somalia (Ibs)?
Have ready the SWIFT/BIC code IBOSSOSMXXX, the IBAN or local account number of the recipientand the name of the account holder. Somalia uses international SWIFT transfers, so always include the BIC.
What is the cheapest way to send money to International Bank of Somalia (Ibs)?
Many banks add 1–3% to the exchange rate on top of a fee. Check what you receive in Somalia with specialist providers before you send – the difference can be large.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.