Export Development Bank of Egypt SWIFT/BIC code

SWIFT/BIC code of Export Development Bank of Egypt

EXDEEGCX and EXDEEGCXXXX are two ways of writing the same SWIFT/BIC code, and both lead to Export Development Bank of Egypt in Cairo. A SWIFT code shows every bank in the chain which institution is meant to get the money. In practice you usually see it on international invoices, in your banking app and on the account details of Export Development Bank of Egypt customers.

On this page we explain how the code means, when you need it and what else a transfer to or from Export Development Bank of Egypt requires. The SWIFT code alone cannot identify an individual account holder; that is what the account number or IBAN is for.

Transfer times and tracking a payment to Export Development Bank of Egypt

How fast a payment arrives at Export Development Bank of Egypt is determined by several factors: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Transfers sent after the cut-off time or on a weekend or public holiday often start the next business day. Compliance checks on larger or unusual payments may also add some delay, regardless of the details.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique transaction reference, the UETR. Money transfer services often provide a status in their app showing where the money is.

The bank that sent the money is able to request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation 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 saying that a company now has a new bank account and that the next payment should go there. That EXDEEGCX is a real code is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Check new payment details through a separate channel like a call to a number from an earlier contract, not by replying to the message. Urgency or requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. If money has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

Fraud also work the other way. Someone claims to have sent more than agreed and asks you to return the extra to a new account. Wait until the money is actually in your account.

What to give a sender who pays you at Export Development Bank of Egypt

A sender in another country will ask for several details about your account. That means: your name as registered with Export Development Bank of Egypt, your account number or IBAN, the BIC EXDEEGCXXXX and sometimes your address.

It helps to include Export Development Bank of Egypt and Cairo as well, since some forms ask for it. A typo in your account number is harder to fix than it looks.

Expect that the incoming amount is smaller than what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate applies. Agree with the sender who pays which costs before the money is sent.

How to check EXDEEGCX before you pay

The best place to find the correct BIC remains paperwork issued by the bank like a bank statement or the account page in online banking. When the code you were given differs from EXDEEGCX or EXDEEGCXXXX, stop and ask.

An incorrect BIC can cause delays, a returned payment or additional charges. A mistake in the account number can be a bigger problem; check it just as carefully.

Most online banking apps check the format of an IBAN. More and more banks check the name with the account. For a first payment, some people start with a small test amount.

EXDEEGCX or EXDEEGCXXXX – which one to use?

The structure of a BIC never changes: a bank code of four letters, a two-letter country code and a two-character location code. Combined, those parts make up EXDEEGCX – the version you usually see online.

Most payment forms work with either length. If yours asks for eleven characters, use EXDEEGCXXXX, otherwise EXDEEGCX is fine.

As a rule the code is written in capitals and without spaces. A single character may route the money to a different institution, so check it twice.

Head office or branch code at Export Development Bank of Egypt?

With 16 codes, Export Development Bank of Egypt is one of the banks that register individual codes for branches and departments. The main code remains EXDEEGCXXXX.

For most incoming transfers, the head office code EXDEEGCXXXX works fine. When you receive a branch code, use it as it is 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. Codes can change over time, so a code from an old document is not always valid.

Sending money abroad from Export Development Bank of Egypt

What you pay for a payment abroad has several parts – not just the fee on your screen. There is the transfer fee, possibly charges from correspondent banks along the way and, most importantly, the exchange rate markup when the money is converted.

That exchange rate margin is often the biggest item even though it is not listed as a fee. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Specialist money transfer services frequently use a rate near the mid-market rate. GoldexPay lists transfer providers next to each other, showing what actually arrives before you commit. Choosing a specialist does not require closing your account at Export Development Bank of Egypt – you pay the provider from your own account.

How up to date is this code?

We collect SWIFT/BIC codes from public sources and check them regularly. It can happen that a code on this page is out of date, for example after a merger. Figures such as the number of codes come from our own dataset and may differ from what Export Development Bank of Egypt publishes.

Treat the information here as a helpful check. GoldexPay is independent of Export Development Bank of Egypt, we only compare transfer services. If you notice a mistake, we appreciate a message.