SWIFT Code RAYCIMD1 — RAMSEY CROOKALL AND CO. LTD., DOUGLAS

About SWIFT Code RAYCIMD1 — RAMSEY CROOKALL AND CO. LTD., DOUGLAS

SWIFT code RAYCIMD1 is the official 8-character head-office BIC (Bank Identifier Code) for RAMSEY CROOKALL AND CO. LTD. in DOUGLAS, Isle of Man. 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 RAMSEY CROOKALL AND CO. LTD. for all outward international remittances from DOUGLAS. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code RAYCIMD1

The code RAYCIMD1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code RAYCIMD1

Receiving International Wire Transfers

To receive money from abroad at your RAMSEY CROOKALL AND CO. LTD. account in DOUGLAS, share SWIFT code RAYCIMD1 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 RAMSEY CROOKALL AND CO. LTD., DOUGLAS must provide SWIFT code RAYCIMD1. 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 RAMSEY CROOKALL AND CO. LTD. in DOUGLAS rely on SWIFT code RAYCIMD1 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 RAMSEY CROOKALL AND CO. LTD. →

For cheque clearing or NACH mandates, use the MICR code for RAMSEY CROOKALL AND CO. LTD. →

For TDS challan deposits, find the BSR code for RAMSEY CROOKALL AND CO. LTD. →

How SWIFT Code RAYCIMD1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code RAYCIMD1 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 RAMSEY CROOKALL AND CO. LTD..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: RAMSEY CROOKALL AND CO. LTD. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code RAYCIMD1

• Spaces or lowercase letters — Always enter RAYCIMD1 uppercase with no spaces.
• Using the wrong city — This code is for DOUGLAS 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 Isle of Man.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm RAYCIMD1 directly with RAMSEY CROOKALL AND CO. LTD.'s DOUGLAS branch or via the SWIFT BIC Directory.