SWIFT Code RDBAIQB10B8 — RASHEED BANK, BASRAH

About SWIFT Code RDBAIQB10B8 — RASHEED BANK, BASRAH

SWIFT code RDBAIQB10B8 is the official 11-character branch-specific BIC (Bank Identifier Code) for RASHEED BANK in BASRAH, 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 RASHEED BANK for all outward international remittances from BASRAH. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code RDBAIQB10B8

The code RDBAIQB10B8 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code RDBAIQB10B8

Receiving International Wire Transfers

To receive money from abroad at your RASHEED BANK account in BASRAH, share SWIFT code RDBAIQB10B8 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 RASHEED BANK, BASRAH must provide SWIFT code RDBAIQB10B8. 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 RASHEED BANK in BASRAH rely on SWIFT code RDBAIQB10B8 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 RASHEED BANK →

For cheque clearing or NACH mandates, use the MICR code for RASHEED BANK →

For TDS challan deposits, find the BSR code for RASHEED BANK →

How SWIFT Code RDBAIQB10B8 Routes an International Transfer

1. Initiation: The sender provides SWIFT code RDBAIQB10B8 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 RASHEED BANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RASHEED BANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code RDBAIQB10B8

• Spaces or lowercase letters — Always enter RDBAIQB10B8 uppercase with no spaces.
• Using the wrong city — This code is for BASRAH 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 RDBAIQB10B8 directly with RASHEED BANK's BASRAH branch or via the SWIFT BIC Directory.