Tel Aviv Stock Exchange SWIFT/BIC code

XTAEILIB – the SWIFT/BIC code of Tel Aviv Stock Exchange

XTAEILIB and XTAEILIBXXX are two spellings of the same SWIFT/BIC code, and both lead to Tel Aviv Stock Exchange in Tel-Aviv. The code does one job: it ensures that an international payment reaches the right bank. You will need it mostly when dealing with transfers between countries.

On this page we explain what the code is put together, when you need it and what else you need for a transfer to or from Tel Aviv Stock Exchange. The SWIFT code alone cannot identify a personal account; for that you need the IBAN or account number is for.

How long does an international transfer to Tel Aviv Stock Exchange take?

A SWIFT payment typically needs one to a few business days – it depends on currency, route and the banks in between. Payments made late in the day or just before weekends and holidays usually start a business day later. Occasionally a bank wants to know what the payment is for, which can hold things up.

If the money is late, ask your bank for the tracking status or the UETR; with that reference banks can see where the payment is. Save the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

Only the sending bank can request a trace. As a recipient, it helps to look at your account for a slightly lower amount, since fees may have been deducted.

A note on our data

The directory on GoldexPay draws on public sources and is updated regularly. Even so, banks merge, rename themselves or change codes, so information can be out of date. The figures we show reflect our own data, not official figures from Tel Aviv Stock Exchange.

Before any payment that matters, always check the BIC with Tel Aviv Stock Exchange or the recipient. We are an independent comparison site and not affiliated with Tel Aviv Stock Exchange. If you notice something that is out of date, we welcome a short note.

Which of the 3 codes of Tel Aviv Stock Exchange do you need?

Tel Aviv Stock Exchange has 3 different SWIFT/BIC codes across 1 locations. One of them is the head office code; the rest belong to branches or departments.

For the vast majority of payments to a private or business account, the head office code XTAEILIBXXX works fine. Branch codes are only needed if the recipient’s bank explicitly asks for it, which is more common for business accounts and specialised services.

The safest approach is to take the code directly from the recipient’s bank details. Branch codes are more prone to change than XTAEILIBXXX.

8 or 11 characters: XTAEILIB versus XTAEILIBXXX

The structure of every SWIFT code never changes: a bank code of four letters, a two-letter country code and a two-character location code, sometimes followed by a branch code. In this case, that core is XTAEILIB.

XXX at the end of XTAEILIBXXX does not stand for a missing value or a mistake: it stands for the head office of Tel Aviv Stock Exchange. Certain payment forms ask for 11 characters, in which case you simply enter XXX after XTAEILIB.

In practice the code is typed in capitals. Copying the code beats retyping it, because one wrong letter changes the bank.

Sending money abroad from Tel Aviv Stock Exchange

If you send money abroad through Tel Aviv Stock Exchange, the visible fee is only part of the cost. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted the bank usually applies a rate that is less favourable than the actual market rate.

Many banks do not show the margin on the rate as a cost. Compare their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Money transfer services often use rates closer to the mid-market rate. On GoldexPay you can compare the amount that arrives with different providers, which makes the cheapest option easy to spot. Using a transfer service does not mean closing your account at Tel Aviv Stock Exchange: you simply pay the service from your account.

Receiving money from abroad at Tel Aviv Stock Exchange

If you expect a payment from another country, send the payer everything they need in one go. What they need is: the account holder’s name, IBAN or account number, XTAEILIBXXX or XTAEILIB and in many cases your home address.

Some banks want the bank’s address in Tel-Aviv. A mistake in your account number is more trouble than it looks, so copy the details from your online banking.

Do not be surprised if the amount credited is smaller than what the sender paid. Fees for incoming transfers vary per bank. Agree with the sender who pays which costs before the money is sent.

Protect yourself against fake payment requests

Fraudsters regularly use payment requests with new bank details. The fact that XTAEILIB exists does not mean that a request mentioning it is genuine.

Before paying, verify changed bank details by phone. Urgency and secrecy tend to be warning signs; a genuine business can wait for you to check. If a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Scams can also work the other way. Someone claims to have sent more than agreed and wants you to return the extra via a different route. A screenshot of a transfer is no proof – check your own account.

How to check XTAEILIB before you pay

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given differs from XTAEILIB or XTAEILIBXXX, stop and ask.

With a wrong code, the payment may be delayed, bounce back or cost extra. An error in the account number is a bigger problem, so check that just as carefully.

An automatic check in your banking app merely confirms that the code exists – not that it belongs to the person you mean to pay. More and more banks check the name with the account. A small test payment can be a sensible step for large sums, even if it costs an extra fee.