SWIFT/BIC code UCFTIQB1XXX
UCFTIQB1XXX belongs to United Company For Financial Transfer in Baghdad, Iraq.
Code details
| SWIFT/BIC code | UCFTIQB1XXX |
|---|---|
| 8-character code | UCFTIQB1 |
| Branch code | XXX |
| Bank | United Company For Financial Transfer |
| Branch | Head office |
| City | Baghdad |
| Country | Iraq |
The way the United Company For Financial Transfer SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- UCFT 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 bank uses SWIFT/BIC code UCFTIQB1XXX?
The code UCFTIQB1XXX belongs to the headquarters of United Company For Financial Transfer in Baghdad, Iraq. It is the code to use when you send money to an account at United Company For Financial Transfer.
Is UCFTIQB1 and UCFTIQB1XXX the same SWIFT code?
Yes. UCFTIQB1 is the short version of UCFTIQB1XXX. XXX simply refers to the head office, so either version will reach United Company For Financial Transfer in Baghdad.
What is the cheapest way to send money to United Company For Financial Transfer?
Many banks add 1–3% to the exchange rate on top of a fee. Compare what you receive in Iraq with transfer services before you send – the difference can be large.
How long does it take to send money to United Company For Financial Transfer in Iraq?
A SWIFT payment usually takes 1–5 business days, because of correspondent banks and time zones. Specialist transfer services are often quicker than a bank.
What do the letters in UCFTIQB1XXX stand for?
UCFT is the institution code of United Company For Financial Transfer, IQ stands for Iraq, B1 is the code for the city or region and XXX marks the main office.
What do I need for a transfer to an account at United Company For Financial Transfer?
You need the SWIFT/BIC code UCFTIQB1XXX, the account number or IBAN of the recipient, their full name and address. Iraq uses international SWIFT transfers, 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.