SWIFT Code MEDLIQBAARB — BANKMED SAL, IRAQ, ARBIL

About SWIFT Code MEDLIQBAARB — BANKMED SAL, IRAQ, ARBIL

SWIFT code MEDLIQBAARB is the official 11-character branch-specific BIC (Bank Identifier Code) for BANKMED SAL, IRAQ in ARBIL, Iraq. 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 BANKMED SAL, IRAQ for all outward international remittances from ARBIL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code MEDLIQBAARB

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

When to Use SWIFT Code MEDLIQBAARB

Receiving International Wire Transfers

To receive money from abroad at your BANKMED SAL, IRAQ account in ARBIL, share SWIFT code MEDLIQBAARB 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 BANKMED SAL, IRAQ, ARBIL must provide SWIFT code MEDLIQBAARB. 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 BANKMED SAL, IRAQ in ARBIL rely on SWIFT code MEDLIQBAARB 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 BANKMED SAL, IRAQ →

For cheque clearing or NACH mandates, use the MICR code for BANKMED SAL, IRAQ →

For TDS challan deposits, find the BSR code for BANKMED SAL, IRAQ →

How SWIFT Code MEDLIQBAARB Routes an International Transfer

1. Initiation: The sender provides SWIFT code MEDLIQBAARB 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 BANKMED SAL, IRAQ.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANKMED SAL, IRAQ receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code MEDLIQBAARB

• Spaces or lowercase letters — Always enter MEDLIQBAARB uppercase with no spaces.
• Using the wrong city — This code is for ARBIL 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 Iraq.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm MEDLIQBAARB directly with BANKMED SAL, IRAQ's ARBIL branch or via the SWIFT BIC Directory.