Arab African International Bank SWIFT/BIC code

ARAIAEAD – the SWIFT/BIC code of Arab African International Bank

The short code ARAIAEAD and the full code ARAIAEADXXX refer to one and the same institution: Arab African International Bank in Dubai, United Arab Emirates. A BIC has a single purpose: it ensures that a cross-border transfer ends up at the right bank. In daily life you mostly come across the code on international invoices, in your banking app and on the account details that Arab African International Bank provides.

Below you will find the practical questions: money coming in from abroad, sending money abroad and how to check a SWIFT code before you confirm a payment. Remember that the SWIFT code only identifies the bank, not the account: the account number or IBAN does that part.

Why Arab African International Bank has an 8- and an 11-character code

Each 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. The result is ARAIAEAD for Arab African International Bank.

XXX at the end of ARAIAEADXXX is not a placeholder or a mistake: it indicates the main office of Arab African International Bank. Certain payment forms insist on 11 characters, and then you simply add XXX behind ARAIAEAD.

Do not add spaces when you enter ARAIAEAD; the code is always written in one block. Pasting the code is safer than typing it by hand.

What a transfer from Arab African International Bank abroad really costs

What you pay for an international transfer has several parts. On top of a fixed fee, correspondent or intermediary banks may take a cut, and when currencies are converted the bank usually uses a rate below the actual market rate.

Many banks do not show their exchange rate markup as a cost. Check 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.

Specialist money transfer services often use a rate near the mid-market rate and lower fees. Next time you send money, it is worth comparing the total cost via GoldexPay. You can always use your account at Arab African International Bank as the source of the money; only the conversion and sending happen elsewhere.

Receiving money from abroad at Arab African International Bank

Someone abroad who wants to pay you needs a few details about your account – incomplete details often cause delays. In practice that means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code ARAIAEADXXX and, often, your postal address.

It helps to include the bank name and Dubai as well, since some forms ask for it. Double-check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

What lands in your account can be less than the amount sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate applies. Agree with the sender who pays which costs, especially for larger amounts.

How up to date is this code?

The details on this page come from publicly available data which we refresh regularly. It is possible that information here is no longer current, for example after a merger. The number of codes we show reflect what is in our directory.

Treat our directory here as a handy check and rely on the recipient or Arab African International Bank for the final confirmation. GoldexPay has no connection to Arab African International Bank; we are a comparison site for money transfers. If you notice a mistake, we appreciate a message via the contact page.

When will the money arrive at Arab African International Bank?

How fast a payment arrives at Arab African International Bank depends on several factors: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Transfers sent late in the day or on weekends and holidays usually go out a business day later. Sometimes a bank asks what the payment is for.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually provide a status in their app showing how far the money is.

A delayed transfer is investigated by the sending bank on the basis of the transfer details. On the receiving end, it helps to look at your account to see a slightly lower amount, since fees may have been deducted.

Protect yourself against fake payment requests

Fraudsters regularly send payment requests with changed bank details, sometimes in an email that looks completely genuine. A valid SWIFT code says nothing about who owns the account – scammers simply use real codes.

Before paying, verify changed bank details through a phone call. Urgency and requests to keep it quiet are red flags – a real supplier can wait a day. Acted too fast? Call your bank without delay and have them try to recall the payment and report the fraud.

Scams also work the other way. Someone sends too much and wants you to return the extra. A screenshot of a transfer is no proof.

Is ARAIAEAD still correct? How to check

The best place to find the right code is paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have differs from ARAIAEAD or ARAIAEADXXX, stop and ask.

With a wrong code, the transfer might get stuck, bounce back or cost extra – sometimes after weeks of searching. A mistake in the account number is more serious, because the money may be credited to someone else, so check that just as carefully.

A format check by your bank only tells you that the IBAN is valid, not that it is the right account. Where available, a name check on the recipient gives extra certainty. When you pay someone new, some people send a small test amount before sending the rest.

Arab African International Bank: head office code versus branch codes

Arab African International Bank uses 2 separate SWIFT/BIC codes. Only one is the head office code; the others belong to branches.

If nobody asks you for a branch code, go with ARAIAEADXXX or its short form ARAIAEAD. Only use a branch code when the account holder gives you that exact code.

The best way is to copy the code straight from the account holder’s statement. Codes for branches are more prone to change than ARAIAEADXXX.

The United Arab Emirates Dirham and what conversion costs you

Most accounts at Arab African International Bank are usually held in AED, the local currency. If you send another currency, the amount has to be converted somewhere along the way. Each conversion eats into the amount.

Who converts the money matters, because each party uses its own rate. Often it is cheaper to send AED straight away via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for AED fluctuates constantly and quotes are often valid only for a short time. On larger amounts, even seemingly small difference in the rate can be worth more than the fee.