Palestine Monetary Authority SWIFT/BIC code

What PMAPPS22 means for a payment to Palestine Monetary Authority

PMAPPS22 and PMAPPS22XXX are two ways of writing the same SWIFT/BIC code, and both lead to Palestine Monetary Authority in Al-Bireh. Every bank on the SWIFT network uses these codes to route international transfers to the correct institution. It comes up mostly for transfers between countries or a currency.

Below we go through the practical side: receiving money at Palestine Monetary Authority, paying someone in another country and how to check a SWIFT code before you hit send. Keep in mind that the SWIFT code only identifies the bank, not the account: the IBAN or account number takes care of that.

What the XXX in PMAPPS22XXX means

A SWIFT code is made up of a few fixed parts: characters one to four identify the bank, characters five and six show the country and characters seven and eight indicate the location. The result is PMAPPS22, the short form of the code.

XXX at the end of PMAPPS22XXX is not a missing value or a mistake: it stands for the main office of Palestine Monetary Authority. Some forms insist on 11 characters, in which case you simply add XXX after PMAPPS22.

In practice the code is typed in capitals. Look out for O versus 0 and the letter I and the digit 1; they are easy to mix up.

Paying someone abroad from your Palestine Monetary Authority account

When you transfer money to another country from Palestine Monetary Authority, the visible fee is rarely all of what you pay. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate.

That exchange rate margin is often the largest item. Compare the rate you are offered with the mid-market rate. The difference is your real conversion cost.

For a lot of routes, a specialist provider is cheaper than a traditional bank transfer, mainly because of the exchange rate. Next time you send money, it is worth comparing what arrives via GoldexPay instead of going straight to your bank. You can always use your account at Palestine Monetary Authority.

Verifying the SWIFT code of Palestine Monetary Authority

Ask the recipient to copy the account details straight from their banking app. If the code you have differs from PMAPPS22 or PMAPPS22XXX, stop and ask – contact the recipient or Palestine Monetary Authority.

With a wrong code, the transfer may get stuck, bounce back or cost extra – sometimes after weeks of searching. A mistake in the account number is a bigger problem because it can reach the wrong person.

An automatic check by your bank merely tells you that the code exists, not that it is the right account. More and more banks check the name against the account before you confirm. For a first payment, many people send a small amount first and wait for confirmation.

Getting paid from abroad into a Palestine Monetary Authority account

When you expect a payment from another country, send the payer all details at once. In practice that means: your full name as registered with Palestine Monetary Authority, your IBAN or account number, the BIC PMAPPS22XXX (or PMAPPS22) and, often, your postal address.

You can add the bank name and Al-Bireh too. Double-check every detail before you send them.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Charges on incoming payments differ per bank – the price list of Palestine Monetary Authority tells you what applies. On invoices, it is common to state who bears the costs.

Watch out for payment fraud

Scammers often send payment requests containing new bank details, sometimes in an email that looks completely genuine. The fact that PMAPPS22 exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Check changed payment details via a different channel. Pressure and requests to keep it quiet are warning signs – a real supplier can wait a day. If a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

People receiving money are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference abroad. A payment confirmation from the sender proves nothing – check your own account.

A note on our data

The details on this page come from publicly available data that we update regularly. Institutions reorganise, close branches and retire codes, and a directory never catches every change immediately. The number of codes we show are based on our own data, not official figures from Palestine Monetary Authority.

For a payment that matters, always confirm the BIC with Palestine Monetary Authority or the recipient. GoldexPay is not affiliated with Palestine Monetary Authority, we only compare transfer services. If you notice something that is out of date, we appreciate a short note via the contact page.

When will the money arrive at Palestine Monetary Authority?

An international transfer usually needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Weekends and public holidays in either country can add a day or more. Sometimes a bank wants to know what the payment is for.

If the money is delayed, ask the sending bank about the status or the UETR; with that reference banks can see where the payment is. Money transfer services often provide tracking online so you can see where the money is.

The bank that sent the money is able to start an official trace; the receiving side usually has nothing to trace yet. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

Choosing between the 6 SWIFT codes of Palestine Monetary Authority

Palestine Monetary Authority uses 6 different SWIFT/BIC codes. One of them is the head office code, PMAPPS22XXX; the others identify branches or departments.

If nobody asks you for a branch code, use PMAPPS22XXX. When you receive a specific code, use it as it is rather than replacing it with the head office code.

The best way is to take the code directly from the recipient’s statement. Codes for branches are more likely to change than PMAPPS22XXX when a bank merges or closes offices.