Principal Bank For Development and Agricultural Credit SWIFT/BIC code

Principal Bank For Development and Agricultural Credit SWIFT code: BDACEGCA

The 8-character code BDACEGCA and the 11-character code BDACEGCAXXX refer to the same bank: Principal Bank For Development and Agricultural Credit, with its head office in Cairo. A SWIFT code tells the banks handling a payment which institution is meant to get the money, much like a postcode for banks. It comes up mostly for transfers between countries.

On this page you can read what the code means, when it matters and which other details a transfer to or from Principal Bank For Development and Agricultural Credit requires. The BIC identifies a bank or branch, not a single account.

International transfers from Principal Bank For Development and Agricultural Credit: the real cost

What you pay for an international transfer has several parts. There is the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, above all, the exchange rate markup when the money is converted.

The markup on the rate is often the largest item. A simple test: set the bank’s rate next to the mid-market rate for the same moment and look at the difference.

For many routes, a specialist provider is cheaper than a traditional bank transfer. GoldexPay compares what recipients receive across providers, which makes the cheapest option easy to spot. Choosing a specialist does not mean leaving Principal Bank For Development and Agricultural Credit – you pay the provider from your own account.

Tracking a transfer to or from Principal Bank For Development and Agricultural Credit

An international transfer usually 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 weekends and holidays usually go out the next business day. Sometimes a bank asks what the payment is for, which can hold things up.

If the money is delayed, ask your bank about the status or the UETR. Money transfer services usually show tracking online so you can see where the payment is.

Only the sending bank can start an official trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation including the reference.

Head office or branch code at Principal Bank For Development and Agricultural Credit?

Our database contains 20 SWIFT/BIC codes for Principal Bank For Development and Agricultural Credit. Besides the head office code BDACEGCAXXX, you will find codes for individual branches and departments.

For most payments to a private or business account, the head office code BDACEGCAXXX works fine. A branch code only makes sense if the account holder specifically mentions it, which is more common for business accounts and trade services.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Branch codes can change over time, so do not rely on old paperwork.

Protect yourself against fake payment requests

One of the most common tricks goes like this: an email arrives with a message saying that a company has a new bank account. That BDACEGCA is a real code is no guarantee that the account is genuine; criminals use the codes of real banks too.

Check changed bank details via a different channel, not by replying to the message. Urgency or requests to keep it quiet are warning signs. Already paid? Call your bank straight away and have them try to recall the payment; also report it to the police.

Recipients can be targeted as well: one known trick is a buyer who pays too much followed by a request to refund the difference abroad. Do not act before the money has really arrived.

What to give a sender who pays you at Principal Bank For Development and Agricultural Credit

Someone abroad who wants to pay you will ask for several details about your account. Give them the account holder’s name, the IBAN or account number, SWIFT code BDACEGCAXXX and your address, which some banks require.

It helps to add the bank name and its city as well. Check the details before you send them, because the sender’s bank usually copies them as is.

Money from abroad will not always land for the full amount. Charges on incoming payments vary from bank to bank. For business payments, you can agree how the fees are split, so that nobody is left short.

How up to date is this code?

We collect SWIFT/BIC codes from publicly available data and update them regularly. Even so, banks merge, rename themselves or change codes, so information can be out of date. Figures such as the number of codes are from our directory and are not confirmed by Principal Bank For Development and Agricultural Credit.

For any payment of any size, always check the code with Principal Bank For Development and Agricultural Credit or with the recipient. We are an independent comparison site for money transfers and not part of Principal Bank For Development and Agricultural Credit. If you notice something that is out of date, we appreciate a short note.

What the XXX in BDACEGCAXXX means

The layout of a BIC never changes: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. In this case, that core is BDACEGCA.

Most payment forms work with both lengths. If a form requires eleven characters, use BDACEGCAXXX; if it wants eight, use BDACEGCA.

In practice the code is written in capitals, without spaces or dashes. A wrong character may route a payment to a different institution, so copy it carefully.

Before you send: check the Principal Bank For Development and Agricultural Credit code

The most reliable source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. If the code you have differs from BDACEGCA or BDACEGCAXXX, do not guess – contact the recipient or Principal Bank For Development and Agricultural Credit.

Mistakes in the BIC tend to be annoying more than fatal: often the payment comes back, minus fees. Remember the IBAN: an error there is harder to correct than a wrong code.

A format check in your banking app merely tells you that the code is valid. Where available, a payee name check before sending adds extra certainty. When you pay someone new, many people start with a small test amount before sending the rest.