Kurdistan International Bank SWIFT/BIC code

KIBIIQBA – the SWIFT/BIC code of Kurdistan International Bank

Whether a recipient gives you KIBIIQBA or KIBIIQBAXXX, it is the identical identifier for Kurdistan International Bank in Iraq. Banks worldwide use BIC codes to direct payments between countries to the right bank. You will need it mostly for payments that cross a border.

On this page we explain how the code is put together, when you need it and what else a transfer to or from Kurdistan International Bank requires. The SWIFT code alone does not identify an individual account holder; that is what the account number or IBAN is for.

Watch out for payment fraud

Stay alert if someone suddenly wants you to send money to another account or a bank in another country. A real SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Before paying, verify changed bank details through a phone call. Pressure and requests to keep it quiet tend to be red flags – a real supplier can wait a day. Acted too fast? Call your bank straight away and have them try to recall the payment and report the fraud.

People receiving money are targeted too: a classic trick is an overpayment followed by a request to refund the difference. A payment confirmation from the sender proves nothing.

Is KIBIIQBA still correct? How to check

The best place to find the right code is a document from the bank itself. Check that code against KIBIIQBA on this page.

A wrong SWIFT code can cause a delay, a returned payment or extra fees. A mistake in the account number can be a bigger problem, because the money may be credited to someone else, so check that just as carefully.

An automatic check by your bank only confirms that the IBAN is valid, not that it is the right account. If your bank offers it, a payee name check on the recipient adds an extra layer of safety. When you pay someone new, some people start with a small test amount and wait for confirmation.

Paying someone abroad from your Kurdistan International Bank account

An international bank payment can cost rather more than the listed fee. There is the transfer fee, sometimes fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate when the money is converted.

Banks do not list the margin on the rate as a cost – you only notice it if you compare. Compare their rate against the mid-market rate. The difference is your real conversion cost.

Specialist money transfer services often offer rates closer to the mid-market rate and lower fees. Before your next transfer, it is worth comparing what arrives on GoldexPay rather than accepting the bank’s rate by default. You can always use your account at Kurdistan International Bank; only the conversion and sending happen elsewhere.

A note on our data

The codes here are taken from public sources which we refresh regularly. It can happen that information on this page is no longer current. The figures we show reflect our own data and not on information from Kurdistan International Bank itself.

Treat our data as a starting point, rather than as the final word: the recipient’s bank details come first. GoldexPay is independent of Kurdistan International Bank, we only compare transfer services. Should you notice a mistake, we appreciate a short note.

When will the money arrive at Kurdistan International Bank?

A SWIFT payment typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Payments made after the cut-off time or just before a weekend or public holiday usually start the next business day. Occasionally a bank wants to know what the payment is for before releasing it.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually show a status in their app so you can see how far the money has got.

A delayed transfer is traced from the sending side on the basis of the transfer details. Request from the sender the payment receipt – it helps your own bank look for the money.

Head office or branch code at Kurdistan International Bank?

Our database contains 5 SWIFT/BIC codes for Kurdistan International Bank, spread over 4 cities. Besides the head office code KIBIIQBAXXX, there are codes for branches, departments or specific services.

In most cases you do not need to look up a branch: payments sent to KIBIIQBAXXX are routed within Kurdistan International Bank correctly. When you receive a specific code, use it as it is instead of replacing it with the head office code.

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

Why Kurdistan International Bank has an 8- and an 11-character code

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, two letters for the country and two characters for the location. Together, those parts make up KIBIIQBA, the code most people search for.

XXX at the end of KIBIIQBAXXX does not stand for a placeholder or an error: it stands for the main office of Kurdistan International Bank. Some forms ask for 11 characters, in which case you can enter XXX after KIBIIQBA.

Leave out spaces when you type KIBIIQBA or KIBIIQBAXXX. Pasting the code beats typing it by hand.

Receiving money from abroad at Kurdistan International Bank

Someone abroad who wants to pay you needs several details from you. Give them your name as the bank knows it, the IBAN or account number, the BIC KIBIIQBAXXX and your address, which some banks require.

Some sending banks also ask for the name and address of Kurdistan International Bank in Arbil, so keep it at hand. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

Expect that the amount credited is smaller than what the sender paid. Charges on incoming payments differ from bank to bank. Make clear with the sender who covers the fees.