SWIFT/BIC codes in Yemen

Finding a SWIFT code in Yemen

Our directory contains 22 banks and other institutions in Yemen and 69 SWIFT/BIC codes between them. Every code points to an institution or a specific branch or department, so a payment from abroad reaches the right place.

Look for the recipient’s bank below and click through for all codes we have and the details a transfer needs. The sections below explain how the codes work, what transfers cost and how to avoid mistakes.

How long does a transfer to Yemen take?

There is no fixed delivery time for transfers to Yemen: many arrive the same day or the next while others need several business days. Payments made after the cut-off time or on weekends and holidays usually start the next business day.

Many banks use SWIFT gpi. Every payment gets a unique reference, the UETR. Keep your transfer receipt until the money has arrived; a bank needs it to start a trace.

Why a transfer to Yemen needs a SWIFT code

Yemen is outside the SEPA area. International transfers to Yemen normally travel through the SWIFT network, and the BIC of the receiving bank is required.

In some countries, accounts are identified by a domestic account number instead of an IBAN, sometimes with an extra bank or branch code. The receiving bank usually provides a list of required details for incoming international payments, and it is worth following them to the letter. Before it arrives, a payment may pass through intermediary banks that charge for their part.

Recognising a SWIFT code from Yemen

SWIFT/BIC codes use the same format worldwide: eight characters. First comes four letters for the bank, followed by a two-letter country code and two characters for the location.

You can spot a code from Yemen by letters five and six. When those two letters point to another country, you are looking at a bank in another country, so check again.

If the last three are XXX, it means the head office, and the 8-character version leads to the same place. Use a branch code just if the recipient explicitly gives you one; otherwise the head office code is the safe choice.

Bank or transfer service for Yemen?

If you send money to Yemen through a regular bank, the fee you see is only part of the cost. Besides the fee, correspondent banks can take a cut and, if currencies are converted, the bank usually uses a rate below the actual market rate.

The real cost is often in the rate, rather than in the fee: banks convert at a rate with a margin built in. A simple test: set the offered rate against the mid-market rate and look at the difference.

Specialised transfer providers often use rates closer to the mid-market rate with clearer fees. GoldexPay lists transfer services next to each other so you can see what actually arrives in Yemen.

What a sender needs to pay you in Yemen

Someone abroad who wants to pay you needs several details about your account – incomplete details often cause delays. Share the account holder’s name, the IBAN or account number, the BIC of your bank and your address.

The code of your bank is in our list but always compare it with your own bank details. It helps to include your bank’s name and city as well because some forms have separate fields for it.

What lands in your account can be lower than what was sent. Correspondent banks can take a fee, your bank may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. On invoices, state how the fees are split to avoid a shortfall.

How reliable is this list?

The most reliable place for the right code is paperwork issued by the bank, such as a statement or the account page in online banking. An incorrect BIC may lead to delays, a payment being sent back or extra fees – compare it with the code in our list.

Our SWIFT/BIC directory is based on publicly available sources. Banks reorganise, close branches and change codes – a directory can be a step behind. Treat this list as a reference rather than the last word. GoldexPay is an independent comparison site and is not affiliated with the banks listed.

Scammers often use fake invoices with changed bank details from what looks like a familiar address. A real SWIFT code tells you nothing about who owns the account.

Yemen Bank For Reconstruction and Development and its SWIFT codes

Among the 22 institutions we list, Yemen Bank For Reconstruction and Development has the largest number of SWIFT/BIC codes of all banks in Yemen. The head office of Yemen Bank For Reconstruction and Development uses YBRDYESAXXX.

Many codes often means separate codes for branches, departments or services – it says nothing about the size of the bank as such. Making a payment to Yemen Bank For Reconstruction and Development? Use YBRDYESAXXX unless the recipient gives you a branch code.