Arab Jordan Investment Bank SWIFT/BIC code

SWIFT/BIC code of Arab Jordan Investment Bank

The 8-character code AJIBCY2I and the full code AJIBCY2IXXX refer to one and the same institution: Arab Jordan Investment Bank, with its head office in Limassol (Lemesos). Every bank on the SWIFT network uses BIC codes to direct international transfers to the right institution. In practice you usually come across the code on international invoices, in payment forms and on the account details that Arab Jordan Investment Bank provides.

This page is meant to help anyone who sends money to an account at Arab Jordan Investment Bank and wants to get the details right. Keep in mind that the BIC just identifies the bank, not the account: the account number or IBAN takes care of that.

Arab Jordan Investment Bank: head office code versus branch codes

Arab Jordan Investment Bank has 2 separate SWIFT/BIC codes. One of them is the head office code; the rest belong to branches, and sometimes internal departments.

For most incoming transfers, the head office code AJIBCY2IXXX is what you need. When you receive a branch code, use it as it is rather than replacing it with the head office code.

The best way is to copy the code straight from the account holder’s statement. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

Euro (EUR) and conversion costs

Most accounts at Arab Jordan Investment Bank are typically held in EUR, the national currency of Cyprus. Money sent in a different currency will be converted into EUR before it reaches the account. Every conversion costs the amount.

Which bank converts the payment matters, because each party uses its own rate. In many cases it is cheaper if you send EUR straight away through a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

Rates for EUR change all the time, and some providers let you lock in a rate. If you pay regularly, a slightly better rate make a real difference over a year.

How long does an international transfer to Arab Jordan Investment Bank take?

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Transfers sent late in the day or just before a weekend or public holiday often start a business day later. Extra checks by one of the banks can also cause some delay.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique reference, the UETR. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

A missing payment has to be investigated from the sending side, using the payment confirmation. Ask the sender for the payment receipt with the date and reference; that often settles the question quickly.

Watch out for payment fraud

One of the most common tricks works like this: you receive a message claiming that a company now has new bank details. The fact that AJIBCY2I exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Before paying, confirm changed bank details through a phone call on a number you know, not one from the message. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from straight away and ask them to try to recall the payment; also report it to the police.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference to another account. Wait until the money is actually in your account.

Is AJIBCY2I still correct? How to check

Have the recipient copy their bank details straight from a recent statement. Compare it with AJIBCY2I here; if they differ, ask before you pay.

Mistakes in the SWIFT code are costly rather than fatal. Remember the account number: an error there can be more difficult to undo than a wrong BIC.

Most online banking apps validate the format of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. More and more banks compare the name against the account – do not ignore a mismatch warning. When you pay someone new, many people start with a small amount first before sending the rest.

What a transfer from Arab Jordan Investment Bank abroad really costs

If you send money abroad from Arab Jordan Investment Bank, the visible fee is only part of what you pay. On top of a fixed fee, correspondent or intermediary banks can take a cut, and when the money changes currency the bank usually applies a rate that is less favourable than the real market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate that includes a margin. Compare their rate against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialised transfer providers often offer rates closer to the mid-market rate with clearer fees. GoldexPay compares these services next to each other, showing what actually arrives. You can always use your account at Arab Jordan Investment Bank.

AJIBCY2I or AJIBCY2IXXX – which one to use?

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. Combined, those parts make up AJIBCY2I.

Many banks and apps work with both lengths. If yours requires eleven characters, use AJIBCY2IXXX.

Do not add spaces, dots when you type AJIBCY2I. A single letter can send the money to another bank, so copy it carefully.

Where our SWIFT data comes from

This directory is based on publicly available sources. Still, banks merge, rename themselves or change codes and our data may lag behind. Counts and locations come from our own dataset and may differ from what Arab Jordan Investment Bank publishes.

Before any payment that matters, always confirm the code with Arab Jordan Investment Bank or with the recipient. GoldexPay is an independent comparison site and not affiliated with Arab Jordan Investment Bank. Should you notice something that is out of date, we appreciate a message.

What to give a sender who pays you at Arab Jordan Investment Bank

For a transfer from abroad into your account at Arab Jordan Investment Bank, the person paying you has to have not just the SWIFT code. The basics are: the account holder’s name, account number or IBAN, AJIBCY2IXXX and in many cases your postal address.

Their bank might request the bank address of Arab Jordan Investment Bank, in which case the Limassol (Lemesos) head office is the usual answer. Check every detail before you send them, because the sender’s bank usually copies them as is.

The amount you receive can be less than the amount sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. For business payments, it is common to state who bears the costs.

Euro transfers to Arab Jordan Investment Bank: is a BIC needed?

Cyprus belongs to the Single Euro Payments Area (SEPA), where euro transfers follow common rules. When you send euros from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

Outside the euro and for senders outside SEPA, AJIBCY2IXXX or AJIBCY2I is still required. If a payment form has a field for the BIC regardless, entering AJIBCY2I does no harm.

Instant payments in euros are increasingly supported within SEPA – whether Arab Jordan Investment Bank offers them for your account is worth checking. Fees for SEPA payments tend to be low.