Commercial Bank of Iraq P.s.c. SWIFT/BIC code

SWIFT/BIC code of Commercial Bank of Iraq P.s.c.

If an invoice shows AUBBIQBA or AUBBIQBAXXX, it is the identical address for Commercial Bank of Iraq P.s.c. in Iraq. A BIC does one job: it makes sure that an international payment reaches the right bank. In practice you mostly come across it on invoices from abroad, in your banking app and in the bank details that Commercial Bank of Iraq P.s.c. provides.

We wrote this page to help anyone who pays into an account at Commercial Bank of Iraq P.s.c.. Keep in mind that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

Before you send: check the Commercial Bank of Iraq P.s.c. code

The most reliable source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check that code with AUBBIQBA on this page and ask if anything does not match.

Errors in the SWIFT code are annoying more than fatal. Do not forget the IBAN: an error there can be harder to correct than a wrong code.

A validity check by your bank only confirms that the code is valid – not that it belongs to the person you mean to pay. More and more banks check the name against the account. For a first payment, many people start with a small amount first and wait for confirmation.

How long does an international transfer to Commercial Bank of Iraq P.s.c. take?

How quickly a transfer reaches Commercial Bank of Iraq P.s.c. is determined by several factors: the currency, how many intermediary banks are involved, cut-off times and time zones. Bank holidays in either country can add extra days, since banks do not process on those days. Occasionally a bank wants to know about the purpose of a payment.

Many banks use SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

Only the sending bank is able to request a trace or a recall; the receiving side usually has nothing to trace yet. Request from the sender a copy of the payment confirmation including the reference – it helps your own bank look for the money.

International transfers from Commercial Bank of Iraq P.s.c.: the real cost

A bank transfer abroad costs more than the listed fee. There is the transfer fee, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate: many banks convert at a rate that includes a margin. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialist money transfer services frequently offer rates closer to the mid-market rate with clearer fees. GoldexPay compares transfer providers next to each other, showing what actually arrives before you commit. You can always keep your account at Commercial Bank of Iraq P.s.c..

AUBBIQBA or AUBBIQBAXXX – which one to use?

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and the two after that indicate the location. Combined, those parts form AUBBIQBA.

XXX at the end of AUBBIQBAXXX is not a placeholder or an error: it stands for the main office of Commercial Bank of Iraq P.s.c.. Some forms ask for 11 characters, in which case you can enter XXX behind AUBBIQBA.

Do not add spaces when you type AUBBIQBA; the code is always written in one block. Pasting the code is safer than typing it by hand: a typo can point to another bank.

Choosing between the 11 SWIFT codes of Commercial Bank of Iraq P.s.c.

Our database contains 11 SWIFT/BIC codes for Commercial Bank of Iraq P.s.c., spread over 1 cities. Next to the head office code AUBBIQBAXXX, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, go with AUBBIQBAXXX. Only use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes can change when banks reorganise, so do not rely on old paperwork.

Protect yourself against fake payment requests

A common scam works like this: an email arrives with a request saying that a supplier has new bank details and asking you to pay there from now on. A correct SWIFT code says nothing about who owns the account – scammers simply use real codes.

Check new payment details via a separate channel like a call to a number from an earlier contract. Watch out for urgent requests, unusual wording or a sender address that is slightly off. Already paid? Contact your bank without delay and ask them to try to recall the payment; also report it to the police.

Fraud can also work the other way. Someone claims to have sent too much and asks you to return the extra via a different route. Wait until the money is actually in your account – ask Commercial Bank of Iraq P.s.c. if something looks wrong.

Incoming international payments to Commercial Bank of Iraq P.s.c.

If you are waiting for money from abroad, send the payer everything they need in one go. The basics are: your name, account number or IBAN, AUBBIQBAXXX or AUBBIQBA and in many cases your postal address.

Their bank might request the address of your bank, in which case the Baghdad head office is the usual answer. A typo in the IBAN is more trouble than it looks, so copy the details from your online banking.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Fees for incoming transfers differ per bank – the price list of Commercial Bank of Iraq P.s.c. tells you what applies. For business payments, it is common to agree who bears the costs, so that nobody is left short.

Where our SWIFT data comes from

We gather bank codes from publicly available data and check them from time to time. It can happen that information on this page is no longer current, for example after a merger. Counts and locations are from our own dataset.

Treat this page as a reference, not as the final word – the bank details from the recipient are leading. We are an independent comparison site for money transfers and not affiliated with Commercial Bank of Iraq P.s.c.. If you notice a mistake, we appreciate a short note.