SWIFT Code REEBIQB1 — REAL ESTATE BANK,THE, BAGHDAD

About SWIFT Code REEBIQB1 — REAL ESTATE BANK,THE, BAGHDAD

SWIFT code REEBIQB1 is the official 8-character head-office BIC (Bank Identifier Code) for REAL ESTATE BANK,THE in BAGHDAD, 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 REAL ESTATE BANK,THE for all outward international remittances from BAGHDAD. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code REEBIQB1

The code REEBIQB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code REEBIQB1

Receiving International Wire Transfers

To receive money from abroad at your REAL ESTATE BANK,THE account in BAGHDAD, share SWIFT code REEBIQB1 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 REAL ESTATE BANK,THE, BAGHDAD must provide SWIFT code REEBIQB1. 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 REAL ESTATE BANK,THE in BAGHDAD rely on SWIFT code REEBIQB1 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 REAL ESTATE BANK,THE →

For cheque clearing or NACH mandates, use the MICR code for REAL ESTATE BANK,THE →

For TDS challan deposits, find the BSR code for REAL ESTATE BANK,THE →

How SWIFT Code REEBIQB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code REEBIQB1 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 REAL ESTATE BANK,THE.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: REAL ESTATE BANK,THE receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code REEBIQB1

• Spaces or lowercase letters — Always enter REEBIQB1 uppercase with no spaces.
• Using the wrong city — This code is for BAGHDAD 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 REEBIQB1 directly with REAL ESTATE BANK,THE's BAGHDAD branch or via the SWIFT BIC Directory.