SWIFT Code SEDPSAJE — SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES, JEDDAH

About SWIFT Code SEDPSAJE — SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES, JEDDAH

SWIFT code SEDPSAJE is the official 8-character head-office BIC (Bank Identifier Code) for SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES in JEDDAH, Saudi Arabia. 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 SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES for all outward international remittances from JEDDAH. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SEDPSAJE

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

When to Use SWIFT Code SEDPSAJE

Receiving International Wire Transfers

To receive money from abroad at your SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES account in JEDDAH, share SWIFT code SEDPSAJE 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 SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES, JEDDAH must provide SWIFT code SEDPSAJE. 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 SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES in JEDDAH rely on SWIFT code SEDPSAJE 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 SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES →

For cheque clearing or NACH mandates, use the MICR code for SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES →

For TDS challan deposits, find the BSR code for SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES →

How SWIFT Code SEDPSAJE Routes an International Transfer

1. Initiation: The sender provides SWIFT code SEDPSAJE 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 SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SEDPSAJE

• Spaces or lowercase letters — Always enter SEDPSAJE uppercase with no spaces.
• Using the wrong city — This code is for JEDDAH 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 Saudi Arabia.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm SEDPSAJE directly with SAUDI ECONOMIC AND DEVELOPMENT COMPANY FOR SECURITIES's JEDDAH branch or via the SWIFT BIC Directory.