Misr Iran Development Bank SWIFT/BIC code

Misr Iran Development Bank SWIFT code: MIDBEGCX

The 8-character code MIDBEGCX and the full code MIDBEGCXXXX identify one and the same institution: Misr Iran Development Bank in Giza, Egypt. Every bank on the SWIFT network uses BIC codes to direct international transfers to the correct institution. You will need it mostly for payments that cross a border.

On this page you can read how the code is put together, when it matters and which other details you need for a transfer to or from Misr Iran Development Bank. Keep in mind that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

Choosing between the 20 SWIFT codes of Misr Iran Development Bank

Misr Iran Development Bank has 20 separate SWIFT/BIC codes across 10 locations. Only one is the head office code; the others identify branches or departments.

Usually there is no need to pick a branch: transfers sent to MIDBEGCXXXX are routed within Misr Iran Development Bank correctly. A branch code only makes sense when the recipient’s bank specifically asks for it, which is more common for business accounts and specialised services.

The safest route is to take the code straight from the recipient’s bank details. Branch codes can change when banks reorganise, so do not rely on old paperwork.

Paying someone abroad from your Misr Iran Development Bank account

When you transfer money to another country from Misr Iran Development Bank, the visible fee is only part of what you pay. There is the transfer fee, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup.

Many banks do not show the margin on the rate separately – you only notice it if you compare. Compare the rate you are offered against the mid-market rate. The difference is your real conversion cost.

For a lot of currency pairs, a transfer service is cheaper than a bank – mostly thanks to the rate. Next time you send money, it is worth to compare what arrives on GoldexPay. Choosing a specialist does not mean leaving Misr Iran Development Bank: you simply pay the service from your account.

How long does an international transfer to Misr Iran Development Bank take?

A SWIFT payment usually takes one to a few business days, depending on the currency, the route and the banks involved. Transfers sent after the cut-off time or on weekends and holidays often start the next business day. Occasionally a bank wants to know what the payment is for, which can hold things up.

If a transfer is late, contact the sending bank about the tracking status so they can trace it along the chain. Keep your transfer receipt until the money has arrived.

If the money does not arrive within the expected time, the person who paid should start with the bank that sent it, not the receiving bank. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.

A note on our data

This directory is based on publicly available sources and is updated regularly. Still, banks merge, rename themselves or change codes. The figures on this page are based on what is in our directory.

Use our data as a starting point, rather than as the final word. GoldexPay is independent of Misr Iran Development Bank, we only compare transfer services. Found outdated information? Let us know via our contact form and we will look into it.

What to give a sender who pays you at Misr Iran Development Bank

Someone abroad who wants to pay you needs a few details from you, and missing ones are a common cause of delays. The basics are: your name, account number or IBAN, MIDBEGCXXXX or MIDBEGCX and often your home address.

Some sending banks want the address of Misr Iran Development Bank; it does no harm to include it. A typo in the IBAN can be more trouble than it looks.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, Misr Iran Development Bank may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. On invoices, you can state how the fees are split, so that nobody is left short.

How to check MIDBEGCX before you pay

Ask the recipient to copy their bank details directly from their online banking. If the code you have does not match MIDBEGCX or MIDBEGCXXXX, do not guess: check with the recipient or with Misr Iran Development Bank directly.

If the code is wrong, the payment might get stuck, bounce back or end up costing more, and tracing it can take weeks. Do not forget the IBAN: a mistake there can be more difficult to correct than a wrong BIC.

A validity check by your bank only 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 – do not ignore a mismatch warning. Sending a small amount first can be a sensible step for large sums.

Changed bank details? Be careful

Stay alert if a contact suddenly asks you to send money to another account or a bank in another country. A valid SWIFT code says nothing about whether the request is genuine.

Never rely on contact details from the same email that announces the new account. Watch out for time pressure, odd spelling or a sender address that is slightly off. If money has already gone to a fraudster, contact your bank immediately.

People receiving money are targeted too: one known trick is an overpayment followed by a request to send back the difference abroad. A screenshot of a transfer is no proof.

MIDBEGCX or MIDBEGCXXXX – which one to use?

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, two letters for the country and two characters for the location. Together, these eight characters form MIDBEGCX, the code most people search for.

Many payment forms work with either length. If a form requires eleven characters, enter MIDBEGCXXXX.

Do not add spaces when you type MIDBEGCX or MIDBEGCXXXX. Watch for the letter O and the digit 0 and the letter I and the digit 1, a common source of typos.