SWIFT / BIC Code
Al Rasheed Exchange SWIFT Code - Na
SWIFT Details
Anatomy of SWIFT Code: RDEXAEA1
A SWIFT code is built of 8 or 11 characters depending on the branch specificity. Here is how your code is constructed:
- RDEX Represents the bank name (first 4 letters).
- AE Represents the country code (2 letters, 'AE').
- A1 Represents the city/location code (2 letters/digits).
- XXX Represents the specific branch office (3 characters, optional).
Frequently Asked Questions
What is the SWIFT code for Al Rasheed Exchange in Dubai?
The SWIFT code of Al Rasheed Exchange in Dubai is RDEXAEA1. This identifier code is unique to this specific bank branch location.
Is SWIFT code the same as BIC code?
Yes, SWIFT codes and BIC (Bank Identifier Codes) are exactly the same thing. BIC is the official international standard, and SWIFT represents the Society for Interbank Financial Telecommunication network that runs it.
How do I send money internationally using this SWIFT code?
When sending a global bank wire to Al Rasheed Exchange, you must provide this SWIFT code (RDEXAEA1) along with the beneficiary name, account number, bank address, and currency choice to your local bank.
Wire Transfer Guide
Make sure you have all the correct information before sending international funds:
- 1 Beneficiary Bank SWIFT Code: Double-check the 8 or 11 digit SWIFT code (RDEXAEA1).
- 2 Beneficiary Name & Account Number: Use the exact legal name registered with the bank.
- 3 Bank Details: Bank Name (Al Rasheed Exchange) and Address/City (Dubai).
- 4 Intermediary Banks: Some transfers require routing through a third bank; consult your bank's wire transfer desk.