Mubadala Development Company PJSC SWIFT/BIC code

SWIFT/BIC code of Mubadala Development Company PJSC

The 8-character code MUBDAEAA and the 11-character code MUBDAEAAXXX identify the same bank: Mubadala Development Company PJSC in Abu Dhabi, United Arab Emirates. A BIC does one job: it makes sure that a cross-border transfer reaches the right bank. In daily life you mostly come across the code on international invoices, in your banking app and in the bank details that Mubadala Development Company PJSC provides.

Below we go through the practical questions: money coming in from abroad, sending money abroad and how to check a SWIFT code before you hit send. Remember that the SWIFT code just identifies the bank, not the account: the IBAN or account number takes care of that.

Which of the 2 codes of Mubadala Development Company PJSC do you need?

Our directory lists 2 SWIFT/BIC codes for Mubadala Development Company PJSC, spread over 1 cities. Besides the head office code MUBDAEAAXXX, you will find codes for branches, departments or specific services.

In most cases there is no need to look up a branch: payments sent to MUBDAEAAXXX are routed within Mubadala Development Company PJSC correctly. If you have been given a branch code, use it as it is instead of replacing it with the head office code.

The best way is to take the code straight from the account holder’s invoice. Codes are sometimes changed or retired over time, so do not rely on old paperwork.

The United Arab Emirates Dirham and what conversion costs you

Accounts at Mubadala Development Company PJSC are typically held in AED, the local currency of United Arab Emirates. Money sent in a different currency will be converted into AED before it reaches the account. Each conversion eats into something, even when no fee is shown.

Which bank converts the payment matters. Transferring the money already in AED often prevents a second conversion – as long as your own rate is good.

The AED rate changes constantly, so the amount you see is usually only valid for a short time. If you pay regularly, small differences in the rate make a real difference over time.

Is MUBDAEAA still correct? How to check

Have the recipient send you their bank details straight from their online banking. Compare that code against MUBDAEAA here and ask if anything does not match.

Mistakes in the SWIFT code are annoying more than fatal. Remember the IBAN: an error there can be more difficult to correct than a wrong code.

Most online banking apps check the format of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. Some banks now compare the payee name against the account before you confirm; take any warning seriously. When you pay someone new, many people send a small amount first and wait for confirmation.

Changed bank details? Be careful

A common scam goes like this: an email arrives with a message saying that a supplier now has new bank details and that the next payment should go there. The fact that MUBDAEAA exists does not mean that the account is legitimate – fraudsters use real bank codes as well.

Do not trust a phone number from the same email that announces the change. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Call your bank without delay and have them try to recall the payment.

People receiving money are targeted too: a classic trick is an overpayment followed by a request to send back the difference abroad. Do not act before the money has really arrived.

Transfer times and tracking a payment to Mubadala Development Company PJSC

There is no single delivery time for international payments: many land the same day or the next, others take several business days. Transfers sent late in the day or on weekends and holidays often go out the next business day. Sometimes a bank wants to know what the payment is for before releasing it.

Many banks use SWIFT gpi. Each gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Keep your transfer receipt until the money has arrived.

If a payment has not arrived within the expected time, the sender needs to contact their own bank, not the receiving bank. On the receiving end, it helps to check your statements to see a slightly lower amount, since fees may have been deducted.

Why Mubadala Development Company PJSC has an 8- and an 11-character code

The structure of every SWIFT code never changes: four characters for the institution, a two-letter country code and a two-character location code, sometimes followed by a branch code. In this case, that core is MUBDAEAA.

XXX at the end of MUBDAEAAXXX is not a missing value or a mistake: it stands for the main office of Mubadala Development Company PJSC. Some forms insist on 11 characters, and then you simply add XXX after MUBDAEAA.

Type the code in one piece, in upper case and without separators, exactly as shown here. Pasting the code is safer than typing it by hand, because one wrong letter changes the bank.

About this information

The details on this page come from public sources. Institutions reorganise, close branches and retire codes, and a directory never catches every change immediately. The number of codes on this page reflect our own data, not official figures from Mubadala Development Company PJSC.

See our directory here as a handy check and rely on the recipient or Mubadala Development Company PJSC for the final confirmation. GoldexPay is not affiliated with Mubadala Development Company PJSC, we only compare transfer services. Spotted outdated information? Tell us through the contact page so we can correct it.

What to give a sender who pays you at Mubadala Development Company PJSC

If you are waiting for a payment from another country, give the sender a complete set of details. Give them the account holder’s name, the IBAN or account number, SWIFT code MUBDAEAAXXX and your address, which some banks require.

You can add the bank name and Abu Dhabi as well, since some forms ask for it. A typo in the IBAN can be more trouble than it looks, so copy the details from your online banking.

Expect that the incoming amount is smaller than the amount on the sender’s receipt. Fees for incoming transfers vary per bank; check the price list of Mubadala Development Company PJSC. Agree with the sender who covers the fees.

Paying someone abroad from your Mubadala Development Company PJSC account

The price of a payment abroad has several parts. On top of the transfer fee, banks in between can deduct a fee, and if the money changes currency the bank usually uses a rate below the real market rate.

Many banks rarely list the margin on the rate separately. Compare their rate against the mid-market rate – the rate you find on financial news sites.

Specialised transfer providers frequently use a rate near the mid-market rate with clearer fees. On GoldexPay you can compare what recipients receive with different providers. You can still use your account at Mubadala Development Company PJSC as the source of the money.