When sending or receiving money internationally, especially through wire transfers, having the correct information is very important. One key piece of information is the SWIFT code of the bank. Mashreq Bank is one of the top banks in the UAE and has been known for its innovation and customer service for many years. Knowing the bank’s SWIFT code is important if you need to send or receive money internationally. This article will give you a detailed look at the Mashreq Bank Swift Code in UAE, making sure you have all the details needed for smooth financial transactions.
Mashreq Bank Swift Code in UAE:
Mentioned below are the Mashreq Bank swift code in UAE:
| Branch Name | City | Branch Code | Branch Address | SWIFT Code |
| HEAD OFFICE | Dubai | HDO | Head Office, Dubai, United Arab Emirates | BOMLAEADHDO |
| FI-CUSTOMER SERVICES | Dubai | CSU | FI-Customer Services, Dubai, United Arab Emirates | BOMLAEADCSU |
| FINANCIAL INSTITUTIONS DIVISION | Dubai | EBC | Financial Institutions Division, Dubai, United Arab Emirates | BOMLAEADEBC |
| FOREIGN TRADE CENTRE | Dubai | FTC | Foreign Trade Centre, Dubai, United Arab Emirates | BOMLAEADFTC |
| REMITTANCES CENTRE | Dubai | RAM | Remittances Centre, Dubai, United Arab Emirates | BOMLAEADRAM |
| TREASURY AND INVESTMENT DIVISION | Dubai | TID | Treasury and Investment Division, Dubai, United Arab Emirates | BOMLAEADTID |
Note: If you cannot find the Mashreq bank SWIFT code on your bank statements, visit the bank’s website. Most banks have a list of BIC and SWIFT codes available to the public. Simply search for the SWIFT code using the search function on the website or check the FAQ section related to international transactions.
What is a Bank’s Swift Code?
A SWIFT code, or a BIC (Bank Identifier Code), is an alphanumeric code that is used in international transactions to identify specific banks or financial institutions. “SWIFT” stands for the Society for Worldwide Interbank Financial Telecommunication, the organisation that assigns and manages these codes.
When you send money to someone in another country, your bank must know which one will receive it. The SWIFT code helps identify the exact bank to which the money should be sent.
A SWIFT code is a combination of letters and numbers unique to each bank. Think of it as the bank’s “address” for international money transfers.
The SWIFT code is divided into different parts, each with a specific meaning:
- The first part usually represents the bank’s name or code.
- The second part indicates the country.
- Other parts might show the location or branch of the bank.
Using SWIFT codes, banks can securely and quickly communicate with each other, ensuring the money reaches the right place. Whether sending money to a friend, conducting international business, or receiving money from abroad, SWIFT codes help make the process smooth and efficient.
Why is the SWIFT Code Important?
The SWIFT code is very important for sending money internationally. It makes sure the money goes to the right bank. With the correct SWIFT code, your money might get delayed or sent to the right place.
Swift Code Format
SWIFT codes are usually 11 characters long and divided into four parts:
- Bank Code: The first 4 letters represent the bank.
- Country Code: The next 2 letters represent the country.
- Location Code: The next 2 characters (one letter and one number) show the location.
- Branch Code: The last 3 characters (letters and numbers) identify the specific branch of the bank.
How Can I Find My SWIFT Codes?
Finding your bank’s SWIFT code is easy. Here are some simple ways to do it:
- Bank Statements: Look at your bank statements online or on paper. The SWIFT code is usually listed there. If you can’t find it, ask your bank for help.
- Bank’s Website: Go to your bank’s website. Many banks list their SWIFT codes there. Use the search bar or check the FAQ section.
- Search Engines: Use a search engine. Type the name of your bank, the country, and the branch location to find the SWIFT code.
Who Uses SWIFT Codes?
SWIFT and BIC codes are used by many different types of institutions around the world. While using a SWIFT code is not mandatory, it is widely adopted. Here are some types of institutions that use SWIFT codes for international transactions:
- Trading Houses
- Brokerage Institutions
- Banks
- Clearinghouses
- Security Dealers
- Exchanges
- Asset Management Companies
- Corporate Businesses
- Foreign Exchanges
- Money Brokers
- Treasury Service Providers and Customers
These codes help ensure that money and information are sent to the correct place quickly and securely.
Final Takeaway:
The correct Mashreq bank swift code in UAE is important for smooth, error-free international transactions. This guide gives you all the information you need to ensure your money gets to the right place safely and quickly. Always check the SWIFT code and recipient details before sending money to avoid problems.
Want to learn more about the swift code of other banks in the UAE? Look no further; we have a comprehensive list of swift codes for Emirates NBD Bank, ADCB, Dubai Islamic Bank, RAK Bank, FAB Bank, HSBC Bank, Citi Bank, etc.
Frequently Asked Questions (FAQs):
Q. What is the Mashreq Neo SWIFT Code?
The Mashreq Neo SWIFT Code is BOMLAED.
Q. Can I use the same Mashreq Bank SWIFT Code for any branch in the UAE?
Yes, you can use the same Mashreq Bank SWIFT Code for all branches in the UAE.
Q. Is the SWIFT Code the Same for All Branches?
This depends on the bank. Many banks use the same SWIFT code for all their branches, while others have a unique SWIFT code for each branch. If you need help deciding which code to use, you can usually use the bank’s head office SWIFT code to send money.
