Arab Bank For Investment and Foreign Trade SWIFT/BIC code

What ABINAEAA means for a payment to Arab Bank For Investment and Foreign Trade

ABINAEAA and ABINAEAAXXX are two ways of writing the same SWIFT/BIC code, and both lead to Arab Bank For Investment and Foreign Trade in Abu Dhabi. Banks worldwide use BIC codes to route payments between countries to the right bank. In daily life you mostly come across the code on international invoices, in your banking app and on the account details of Arab Bank For Investment and Foreign Trade customers.

On this page you can read how the code is put together, when you need it and which other details you need for a transfer to or from Arab Bank For Investment and Foreign Trade. A SWIFT code identifies a bank or branch, not a single account, which is why you always need the account number too.

Before you send: check the Arab Bank For Investment and Foreign Trade code

The best place to find the right code remains paperwork issued by the bank, such as a statement or the account details in online banking. If the code you have differs from ABINAEAA or ABINAEAAXXX, do not guess: check with the recipient or with Arab Bank For Investment and Foreign Trade directly.

An incorrect BIC can cause a delay, a payment being sent back or extra fees along the way. Do not forget the account number: an error there can be harder to undo than a wrong BIC.

Many banking apps check the structure of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Where available, a payee name check before sending gives an extra layer of safety. Sending a small amount first is a sensible step for large sums, even if it costs an extra fee.

Watch out for payment fraud

Criminals regularly send fake invoices containing new bank details sent from what looks like a familiar address. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Verify new bank details via a different channel. Pressure or requests to keep it quiet tend to be warning signs. If a payment was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Fraud can also target the receiver. Someone sends more than agreed and wants you to return the difference to a new account. Wait until the money is actually in your account.

Paying into Arab Bank For Investment and Foreign Trade in AED

The currency in United Arab Emirates is the United Arab Emirates Dirham (AED). If you send another currency it has to be converted somewhere along the way – by your bank, by Arab Bank For Investment and Foreign Trade or by a bank in between. Each conversion costs the amount.

Where the conversion happens affects the final amount. Sending the amount directly in AED usually avoids an extra conversion by Arab Bank For Investment and Foreign Trade, provided the rate you get is fair.

The AED rate fluctuates constantly and quotes are often valid only for a short time. On larger amounts, even seemingly small difference in the rate adds up quickly.

Arab Bank For Investment and Foreign Trade: head office code versus branch codes

Arab Bank For Investment and Foreign Trade uses 5 separate SWIFT/BIC codes. One of them is the head office code; the others identify branches or departments.

For the vast majority of incoming transfers, the head office code ABINAEAAXXX is what you need. Just use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes are more prone to be retired than ABINAEAAXXX.

Getting paid from abroad into a Arab Bank For Investment and Foreign Trade account

If you are waiting for money from abroad, give the sender everything they need in one go. The basics are: the account holder’s name, account number or IBAN, ABINAEAAXXX and often your home address.

Certain banks want the bank’s address. Double-check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad does not always arrive for the full amount. Charges on incoming payments differ per bank. On invoices, it is common to agree who bears the costs, so that nobody is left short.

Paying someone abroad from your Arab Bank For Investment and Foreign Trade account

A bank transfer abroad can cost rather more than the listed fee. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted the bank often applies a rate below the real market rate.

Banks do not show their exchange rate markup separately. An easy check: set the rate you get next to the mid-market rate for the same moment and look at the difference.

For many currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, take a minute comparing what arrives on GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Arab Bank For Investment and Foreign Trade to fund the transfer; only the conversion and sending happen elsewhere.

How up to date is this code?

This directory is based on public sources. It is possible that a code here is no longer current after a merger or reorganisation. The number of codes on this page reflect what is in our directory and not on information from Arab Bank For Investment and Foreign Trade itself.

Treat our data as a starting point, rather than as the last word. GoldexPay has no connection to Arab Bank For Investment and Foreign Trade, we only compare transfer services. Spotted an error? Tell us via our contact form.

Tracking a transfer to or from Arab Bank For Investment and Foreign Trade

How quickly a payment reaches Arab Bank For Investment and Foreign Trade is determined by a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Bank holidays in the sending or receiving country add a day or more. Sometimes a bank asks what the payment is for, which can hold things up.

If a transfer seems late, ask your bank for the tracking status and the transaction reference so they can trace it along the chain. Money transfer services usually provide a status online so you can see where the money is.

If the money does not arrive within the expected time, the person who paid needs to start with their own bank. Ask the sender for a copy of the payment confirmation; that often settles the question quickly.

8 or 11 characters: ABINAEAA versus ABINAEAAXXX

A SWIFT code is made up of fixed blocks: the first four letters stand for the bank, the next two give the country and characters seven and eight indicate the location. In this case, that core is ABINAEAA.

Many banks and apps work with both lengths. If yours requires eleven characters, enter ABINAEAAXXX.

Do not add spaces, dots when you enter ABINAEAA. A single letter can send the money to a different institution.