Prometheus Capital Finance Limted SWIFT/BIC code

PCFIAEA1 – the SWIFT/BIC code of Prometheus Capital Finance Limted

The 8-character code PCFIAEA1 and the 11-character code PCFIAEA1XXX identify the same bank: Prometheus Capital Finance Limted, with its head office in Dubai. A BIC does one job: it ensures that a cross-border transfer ends up at the right bank. It comes up mainly for payments that cross a border or a currency.

Further down you will find the practical side: money coming in from abroad, paying someone in another country and how to verify the code before you hit send. A SWIFT code names a bank or branch, not a single account; the IBAN or account number does that.

Where our SWIFT data comes from

The details here are taken from public sources. It is possible that a code here is out of date after a merger or reorganisation. The figures on this page reflect our own data.

Use our data as a reference, not as the final word – the bank details from the recipient are leading. GoldexPay is an independent comparison service and not affiliated with Prometheus Capital Finance Limted. If you notice a mistake, we appreciate a message via the contact page.

What to give a sender who pays you at Prometheus Capital Finance Limted

Someone abroad who wants to pay you needs several details about your account – incomplete details often cause delays. The basics are: the account holder’s name, account number or IBAN, PCFIAEA1XXX and in many cases your home address.

Some sending banks also ask for the bank’s address in Dubai; it does no harm to include it. A mistake in your account number can be more trouble than it looks, so copy the details from your online banking.

What lands in your account can be lower than the amount sent. Fees for incoming transfers differ from bank to bank – the price list of Prometheus Capital Finance Limted tells you what applies. On invoices, it is common to state who bears the costs, so that nobody is left short.

Sending money abroad from Prometheus Capital Finance Limted

When you send money to another country from Prometheus Capital Finance Limted, the fee you see is rarely all of what you pay. There is the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup if the currency changes.

The real cost is often in the rate, rather than in the fee: many banks convert at a rate that includes a margin. A simple test: set the bank’s rate against the mid-market rate and work out the difference on your amount.

For many currency pairs, a transfer service is less expensive than a bank, mainly because of the exchange rate. GoldexPay lists these services side by side, showing the amount the recipient gets for the same amount sent. Choosing a specialist does not require closing your account at Prometheus Capital Finance Limted: you simply pay the service from your account.

PCFIAEA1 or PCFIAEA1XXX – which one to use?

The structure of a BIC never changes: a bank code of four letters, a two-letter country code and a two-character location code, sometimes followed by a branch code. In this case, that core is PCFIAEA1.

The full version has a three-character extension that identify a branch or department. When those three characters are XXX, they simply mean the head office, so PCFIAEA1XXX and PCFIAEA1 are interchangeable.

Type the code as one block, in upper case and without separators, exactly as shown here. Look out for O versus 0 and I versus 1.

Before you send: check the Prometheus Capital Finance Limted code

The safest source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check it against PCFIAEA1 here.

A wrong SWIFT code may lead to delays, a payment being sent back or extra fees for investigation. Remember the account number: a mistake there can be more difficult to correct than a wrong code.

An automatic check in your banking app merely confirms that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check before sending gives extra certainty. A small test payment is worth it for a large first payment, even if it costs an extra fee.

Which of the 2 codes of Prometheus Capital Finance Limted do you need?

We have 2 SWIFT/BIC codes for Prometheus Capital Finance Limted, spread over 1 locations. Besides the head office code PCFIAEA1XXX, you will find codes for individual branches and departments.

Usually you do not need to look up a branch: payments addressed to PCFIAEA1XXX reach Prometheus Capital Finance Limted without problems. Just use a branch code when your contact explicitly asks for it.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more likely to be retired than the head office code.

How long does an international transfer to Prometheus Capital Finance Limted take?

A SWIFT payment usually needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Transfers sent after the cut-off time or on weekends and holidays often go out a business day later. Occasionally a bank asks about the purpose of a payment before releasing it.

When a payment takes longer than expected, contact the sending bank about the status so they can trace it along the chain. Save the payment confirmation until the money has arrived.

If a payment has not arrived within the expected time, the person who paid needs to start with their own bank, not the receiving bank. As a recipient, it helps to check your statements for a slightly lower amount because fees can reduce the amount.

Watch out for payment fraud

A common scam goes like this: an email arrives with a message claiming that a contact has a new bank account and that the next payment should go there. That PCFIAEA1 is a real code is no guarantee that the account is genuine; criminals use the codes of real banks too.

Verify changed payment details through a different channel, such as a phone number you already know, not by replying to the message. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Call your bank without delay and ask them to try to recall the payment.

Recipients are targeted too: one known trick is a buyer who pays too much and then sends a request to send back the difference to another account. Wait until the money is actually in your account.

Paying into Prometheus Capital Finance Limted in AED

Accounts at Prometheus Capital Finance Limted are typically held in AED, the local currency of United Arab Emirates. A payment in a foreign currency will be exchanged into AED on its way to Prometheus Capital Finance Limted, and whoever converts it chooses the rate. Each conversion costs the amount, even when no fee is shown.

Which bank converts the money makes a difference, because each party uses its own rate. Often you pay less if you send AED straight away through a transfer service that converts near the mid-market rate.

Rates for AED move during the day. With bigger transfers, even small difference in the rate can be worth more than the fee.