Arab Petroleum Investments Corporation SWIFT/BIC code

APICBHBM – the SWIFT/BIC code of Arab Petroleum Investments Corporation

Whether a recipient gives you APICBHBM or APICBHBMXXX, it is the same address for Arab Petroleum Investments Corporation in Bahrain. A SWIFT code shows every bank in the chain which institution should receive the money, a bit like a postal address for banks. In practice you usually see it on invoices from abroad, in payment forms and on the account details that Arab Petroleum Investments Corporation provides.

On this page you will find how the code means, when it matters and which other details you need for a transfer to or from Arab Petroleum Investments Corporation. The SWIFT code on its own does not identify an individual account holder; that is what the account number or IBAN is for.

8 or 11 characters: APICBHBM versus APICBHBMXXX

A BIC is built from a few fixed parts: the first four letters identify the bank, the next two give the country and characters seven and eight mark the location. That gives you APICBHBM, the short form of the code.

The full version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, which is why APICBHBMXXX and APICBHBM lead to the same place.

In practice the code is written in capitals. Watch for O versus 0 or I versus 1; they are easy to mix up.

How long does an international transfer to Arab Petroleum Investments Corporation take?

A SWIFT payment typically needs one to a few business days, depending on the currency, the route and the banks involved. Payments made after the cut-off time or just before a weekend or public holiday often go out the next business day. Occasionally a bank wants to know about the purpose of a payment.

Many banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation – you will need it for any trace request.

A delayed transfer has to be investigated by the sending bank. Request from the sender a copy of the payment confirmation.

Getting paid from abroad into a Arab Petroleum Investments Corporation account

If you expect a payment from another country, send the payer all details at once. What they need is: your name, account number or IBAN, APICBHBMXXX or APICBHBM and, for some countries, your home address.

It helps to include Arab Petroleum Investments Corporation and Manama too. A typo in your account number is harder to fix than it looks, so copy the details from your online banking.

Do not be surprised if the amount credited is smaller than what the sender paid. Correspondent banks can take a fee, Arab Petroleum Investments Corporation may charge for incoming payments, and if the currency changes, an exchange rate margin applies. On invoices, you can state who bears the costs to avoid a shortfall.

Is APICBHBM still correct? How to check

Have the recipient send you the bank details straight from a recent statement. Check it with APICBHBM here and ask if anything does not match.

An incorrect BIC may lead to a delay, a returned payment or additional charges for investigation. Do not forget the IBAN: an error there is harder to correct than a wrong BIC.

A validity check in your banking app merely tells you that the code exists – not that it belongs to the person you mean to pay. Some banks now check the payee name against the account before you confirm; take any warning seriously. A small test payment can be worth it for large sums, even if it costs an extra fee.

About this information

The details here come from public sources. Even so, banks merge or change codes. Counts and locations are from our directory and are not confirmed by Arab Petroleum Investments Corporation.

See our directory here as a helpful check and rely on the recipient or Arab Petroleum Investments Corporation for the final confirmation. GoldexPay is independent of Arab Petroleum Investments Corporation, we only compare transfer services. If you notice a mistake, we appreciate a message.

Choosing between the 2 SWIFT codes of Arab Petroleum Investments Corporation

With 2 codes, Arab Petroleum Investments Corporation is one of the banks that register individual codes for branches. The head office code remains APICBHBMXXX.

If nobody asks you for a branch code, go with APICBHBMXXX or its short form APICBHBM. Only use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

The safest route is to copy the code directly from the account holder’s statement. Codes can change when banks reorganise, so a code from an old document is not always valid.

Protect yourself against fake payment requests

Scammers regularly use payment requests with changed bank details sent from what looks like a familiar address. That APICBHBM is a real code does not mean that the account is legitimate; criminals use the codes of real banks too.

Always confirm a change of bank details by phone, using a number you already had. Pressure or secrecy tend to be red flags. When a payment was sent to a fraudster, contact your bank immediately.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference abroad. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

International transfers from Arab Petroleum Investments Corporation: the real cost

An international bank payment costs rather more than the fee suggests. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup if the currency changes.

The markup on the rate tends to be the largest cost because it is hidden in the rate. Compare their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Money transfer services frequently use a rate near the mid-market rate with clearer fees. GoldexPay lists these services next to each other so you can see the amount the recipient gets. You can always use your account at Arab Petroleum Investments Corporation as the source of the money.