Dubai Emirates Nbd Swift Code

Dubai Emirates Nbd Swift Code

BIC Emirates NBD Bank PJSC in Dubai-EBILAEADXXX. The abbreviation BIC stands for Business Identifier Code (i.e. “enterprise identification code”). Previously, this abbreviation stood for Bank Identifier Code (i.e. “Bank identification code”). This is an international standardized code designed to identify branches in payment transactions.

It is used by credit organizations, brokers and similar companies around the world. In such transactions, the BIC or SWIFT BIC code is used in conjunction with IBAN (= International Bank Account Number, which means “international Bank account number”). In this case, the BIC identifies the IBAN Bank-the corresponding account in this Bank.

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A BIC consists of 8 or 11 characters and does not contain its own control number. Unlike IBAN, BIC can only be checked by the number of characters, as well as in the BIC code catalog, which is regularly updated by the SWIFT system. In turn, you can use a mathematical operation and the control number contained in the number itself to formally verify that the IBAN account number is correct. However, only formally correct IBAN numbers can exist. However, only the relevant Bank can answer the question of whether a specific IBAN actually exists. Fake or non-existing IBAN numbers cannot be recognized using a check number.

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