Abu Dhabi Retirment Pension and Benefits Fund SWIFT/BIC code

Abu Dhabi Retirment Pension and Benefits Fund SWIFT code: ADPFAEAA

ADPFAEAA and ADPFAEAAXXX are the short and the long form of the same SWIFT/BIC code, and both point to Abu Dhabi Retirment Pension and Benefits Fund in Abu Dhabi. A SWIFT code shows the sending bank which institution should receive the money, a bit like a postal address for banks. It comes up mainly when dealing with transfers between countries or a currency.

Further down you will find the practical questions: money coming in from abroad, sending money abroad and how to verify the code before you confirm a payment. The BIC identifies an institution, not a specific account, which is why you always need the account number too.

What a transfer from Abu Dhabi Retirment Pension and Benefits Fund abroad really costs

When you transfer money abroad from Abu Dhabi Retirment Pension and Benefits Fund, the visible fee is only part of what you pay. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, most importantly, the exchange rate markup when the money is converted.

Many banks do not list their exchange rate markup separately, but you pay it all the same. A simple test: set the rate you get against the mid-market rate and look at the difference.

For a lot of routes, a transfer service turns out to be cheaper than a bank, mainly because of the exchange rate. Before your next transfer, it is worth comparing what arrives via GoldexPay instead of going straight to your bank. You can always use your account at Abu Dhabi Retirment Pension and Benefits Fund.

Transfer times and tracking a payment to Abu Dhabi Retirment Pension and Benefits Fund

How quickly a transfer arrives at Abu Dhabi Retirment Pension and Benefits Fund depends on several factors: the currency, the number of banks in between, cut-off times and time zones. Weekends and public holidays in the sending or receiving country can add a day or more to the journey. Occasionally a bank wants to know what the payment is for, which can hold things up.

Many banks are connected to SWIFT gpi. Every gpi transfer gets a unique reference, the UETR. Save the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

Only the sending bank is able to start an official trace. Request from the sender the payment receipt with the date and reference – it helps your own bank look for the money.

United Arab Emirates Dirham (AED) and conversion costs

The national currency of United Arab Emirates is the United Arab Emirates Dirham (AED). When you pay another currency it gets converted somewhere along the way: by your bank, an intermediary or Abu Dhabi Retirment Pension and Benefits Fund itself. Every conversion eats into something – usually through the rate rather than a fee.

Which bank converts the payment makes a difference, because each party uses its own rate. Check what AED arrives via several services.

Rates for AED move all the time. On larger amounts, even small difference in the rate can be worth more than the fee.

What to give a sender who pays you at Abu Dhabi Retirment Pension and Benefits Fund

When you expect money from abroad, send the payer a complete set of details. Share your name as the bank knows it, your account number or IBAN, SWIFT code ADPFAEAAXXX and your address.

Some sending banks want the bank’s address in Abu Dhabi. A typo in your account number is more trouble than you might think.

Expect that the amount credited is below what the sender paid. Fees for incoming transfers differ per bank. Agree with the sender who pays which costs before the money is sent.

A note on our data

We collect bank codes using publicly available data and check our list from time to time. Still, banks merge, rename themselves or change codes, so information can be out of date. The figures we show reflect what is in our directory and not on information from Abu Dhabi Retirment Pension and Benefits Fund itself.

See our directory on this page as a helpful check, and let the details from the recipient or Abu Dhabi Retirment Pension and Benefits Fund have the final say. GoldexPay is an independent comparison site for money transfers and not part of Abu Dhabi Retirment Pension and Benefits Fund. Found outdated information? Let us know via our contact form so we can correct it.

ADPFAEAA or ADPFAEAAXXX – which one to use?

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. Together, these eight characters form ADPFAEAA, the code most people search for.

The long version adds a three-character extension for a branch or department. When those three characters are XXX, they simply mean the head office, so ADPFAEAAXXX and ADPFAEAA are interchangeable.

Enter the code in one piece, in capitals and without spaces, exactly as shown here. A wrong letter can send the money to another bank.

Abu Dhabi Retirment Pension and Benefits Fund: head office code versus branch codes

With 2 codes in 1 cities, Abu Dhabi Retirment Pension and Benefits Fund belongs to the banks that use individual codes for branches and departments. The head office code is ADPFAEAAXXX.

In most cases there is no need to pick a branch: payments addressed to ADPFAEAAXXX reach Abu Dhabi Retirment Pension and Benefits Fund correctly. Only use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more likely to be retired than ADPFAEAAXXX.

Scams that use SWIFT codes

Stay wary when a contact unexpectedly asks you to pay into another account or a bank in another country. That ADPFAEAA is a real code is no guarantee that the account is genuine.

Before paying, verify a change of bank details through a phone call. Urgency or secrecy are warning signs; a genuine business can wait for you to check. When money 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 too much and wants you to refund the extra. Wait until the money is actually in your account.

Verifying the SWIFT code of Abu Dhabi Retirment Pension and Benefits Fund

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. When the code you were given does not match ADPFAEAA or ADPFAEAAXXX, stop and ask: check with the recipient or with Abu Dhabi Retirment Pension and Benefits Fund directly.

If the code is wrong, the payment may get stuck, be returned or end up costing more – sometimes after weeks of searching. A mistake in the account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

Many banking apps validate the structure of an IBAN. More and more banks compare the payee name with the account before you confirm. A small test payment is worth it for a large first payment despite the extra fee.