SWIFT/BIC code RDEXAEA1XXX
RDEXAEA1XXX belongs to Al Rasheed Exchange in Dubai, United Arab Emirates.
Code details
| SWIFT/BIC code | RDEXAEA1XXX |
|---|---|
| 8-character code | RDEXAEA1 |
| Branch code | XXX |
| Bank | Al Rasheed Exchange |
| Branch | Head office |
| City | Dubai |
| Country | United Arab Emirates |
How the Al Rasheed Exchange SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- RDEX Bank code
- 4 letters that identify the bank.
- AE Country code
- 2 letters for the country (ISO 3166).
- A1 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
What bank uses SWIFT/BIC code RDEXAEA1XXX?
The code RDEXAEA1XXX belongs to the headquarters of Al Rasheed Exchange in Dubai, United Arab Emirates. It is the code to use when a payment to Al Rasheed Exchange does not need a specific branch.
How long does it take to send money to Al Rasheed Exchange in United Arab Emirates?
A SWIFT payment usually takes 2–5 business days, depending on intermediary banks and cut-off times. Money transfer services are often faster and cheaper.
What do I need for a transfer to an account at Al Rasheed Exchange?
Have ready the SWIFT/BIC code RDEXAEA1XXX, the IBAN or local account number of the recipientand the name of the account holder. United Arab Emirates is not part of SEPA, so always include the BIC.
What does each part of RDEXAEA1XXX stand for?
RDEX is the bank code of Al Rasheed Exchange, AE stands for United Arab Emirates, A1 is the location code and XXX marks the main office.
What happens if I use RDEXAEA1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Double-check RDEXAEA1XXX with the recipient before sending.
What is the cheapest way to send money to Al Rasheed Exchange in United Arab Emirates?
Banks often add several percent to the exchange rate on top of a fee. Check the amount that arrives in United Arab Emirates Dirham 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.