SWIFT Code ABAYETAA — ABAY BANK S.C., ADDIS ABEBA

About SWIFT Code ABAYETAA — ABAY BANK S.C., ADDIS ABEBA

SWIFT code ABAYETAA is the official 8-character head-office BIC (Bank Identifier Code) for ABAY BANK S.C. in ADDIS ABEBA, Ethiopia. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by ABAY BANK S.C. for all outward international remittances from ADDIS ABEBA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code ABAYETAA

The code ABAYETAA follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code ABAYETAA

Receiving International Wire Transfers

To receive money from abroad at your ABAY BANK S.C. account in ADDIS ABEBA, share SWIFT code ABAYETAA with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at ABAY BANK S.C., ADDIS ABEBA must provide SWIFT code ABAYETAA. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using ABAY BANK S.C. in ADDIS ABEBA rely on SWIFT code ABAYETAA for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for ABAY BANK S.C. →

For cheque clearing or NACH mandates, use the MICR code for ABAY BANK S.C. →

For TDS challan deposits, find the BSR code for ABAY BANK S.C. →

How SWIFT Code ABAYETAA Routes an International Transfer

1. Initiation: The sender provides SWIFT code ABAYETAA and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to ABAY BANK S.C..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: ABAY BANK S.C. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code ABAYETAA

• Spaces or lowercase letters — Always enter ABAYETAA uppercase with no spaces.
• Using the wrong city — This code is for ADDIS ABEBA only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Ethiopia.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm ABAYETAA directly with ABAY BANK S.C.'s ADDIS ABEBA branch or via the SWIFT BIC Directory.