Aib Bank SWIFT/BIC code

What AIBKKYK1 means for a payment to Aib Bank

If an invoice shows AIBKKYK1 or AIBKKYK1XXX, you are looking at the same identifier for Aib Bank in Cayman Islands. A SWIFT code shows the banks handling a payment which institution should receive the money, much like a postcode for banks. You will need it mostly when dealing with transfers between countries.

We wrote this page to help anyone who receives money at an account at Aib Bank. A SWIFT code names an institution, not a specific account.

When will the money arrive at Aib Bank?

A SWIFT payment typically takes anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in either country can add extra days, since banks do not process on those days. Compliance checks on larger or unusual payments may also add a delay.

Many banks are connected to SWIFT gpi. Every gpi transfer gets a unique reference, the UETR. Keep your transfer receipt; it contains the details a bank needs to start a trace.

A missing payment is investigated by the sending bank. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

About this information

The codes on this page come from publicly available data. It is possible that information here is out of date after a merger or reorganisation. The number of codes on this page reflect what is in our directory and not on information from Aib Bank itself.

See our directory here as a helpful check and rely on the recipient or Aib Bank for the final confirmation. GoldexPay is a comparison site and not affiliated with Aib Bank. Spotted an error? Tell us via our contact form so we can correct it.

Changed bank details? Be careful

A common scam works like this: an email arrives with a request saying that a contact now has new bank details and that the next payment should go there. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Before paying, confirm changed bank details by phone on a number you know, not one from the message. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. When a payment was sent to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Recipients are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference to another account. A screenshot of a transfer is no proof.

Which of the 2 codes of Aib Bank do you need?

Our directory lists 2 SWIFT/BIC codes for Aib Bank. Next to the head office code AIBKKYK1XXX, there are codes for individual branches and departments.

For most incoming transfers, the head office code AIBKKYK1XXX is what you need. If you have been given a specific code, stick to it rather than swapping it for the head office code.

If you are not sure, check with the recipient for the exact BIC in their bank details. Branch codes are more prone to change than AIBKKYK1XXX.

Incoming international payments to Aib Bank

If you are waiting for money from abroad, send the payer all details at once. In practice that means: your name as registered with Aib Bank, your IBAN or account number, the SWIFT/BIC code AIBKKYK1XXX (or AIBKKYK1) and usually your address.

Certain banks also ask for the bank’s address in Georgetown, so keep it at hand. Double-check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive is often less than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. Agree with the sender who pays which costs before the money is sent.

8 or 11 characters: AIBKKYK1 versus AIBKKYK1XXX

A SWIFT code is made up of fixed blocks: the first four letters identify the bank, the next two show the country and the two after that indicate the location. In this case, the 8-character core is AIBKKYK1.

XXX at the end of AIBKKYK1XXX is not a placeholder or an error: it stands for the head office of Aib Bank. Some forms insist on 11 characters, and then you can add XXX after AIBKKYK1.

Do not add spaces when you enter AIBKKYK1. Pasting the code is safer than retyping it, because one wrong letter changes the bank.

How to check AIBKKYK1 before you pay

Have the recipient send you their bank details straight from a recent statement. When the code you were given does not match AIBKKYK1 or AIBKKYK1XXX, stop and ask.

Errors in the BIC are costly more than fatal. A mistake in the account number is more serious, because the money may be credited to someone else, so check that just as carefully.

Many banking apps validate the structure of IBANs and some suggest the matching BIC – that confirms the format, not the owner. More and more banks compare the name against the account – do not ignore a mismatch warning. For a first payment, many people send a small test amount.

Paying someone abroad from your Aib Bank account

What you pay for a payment abroad is made up of several parts. On top of a fixed fee, banks in between may take a cut, and when the money changes currency, the bank often uses a rate below the actual market rate.

The markup on the rate is often the biggest item. A simple test: set the rate you get next to the mid-market rate and look at the difference.

For many routes, a specialist provider is cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers side by side, showing the amount the recipient gets. Choosing a specialist does not mean leaving Aib Bank.