BANKMED SAL, IRAQ, Basrah Branch , BASRAH, Iraq
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| BIC Name / Bank name / Institution Name | BANKMED SAL, IRAQ |
| Bank Code / Institution Code | MEDL |
| Country | IRAQ |
| Country Code (ISO 3166) | IQ |
| City | BASRAH |
| City Code | BA The City Code are Institution Specific, different BIC has allotted different City Code for same city. |
| Office Type | Basrah Branch |
| Branch Code | BAS |
| Swift Code / BIC Code |
MEDLIQBABAS
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| Address | |
| Zip Code / Postal Code | |
| Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active | |
| View Location on Google Map | |
| Whether Bank IBAN Compliant | Yes, BANKMED SAL, IRAQ, is IBAN Compliant. |
| Calculate Iraq IBAN Numbers | |
| Validate Iraq IBAN Numbers | |
| Save on International Payment Transfers | |
What is a SWIFT Code / BIC code?
Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes.SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.
SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:
- First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of BANKMED SAL, IRAQ the first four characters from left MEDL indicates that it is BANKMED SAL, IRAQ.
- Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of BANKMED SAL, IRAQ characters 5 and 6 from left IQ indicates that bank is in IRAQ. It means that all the banks located in IRAQ will have IQ at 5th and 6th place from left in their Swift Codes / BIC Codes.
- Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of BANKMED SAL, IRAQ characters 7 and 8 from left BA indicates that bank is in BASRAH. It means that all the branches of BANKMED SAL, IRAQ located in BASRAH will have BA at 7th and 8th place from left in their Swift Codes / BIC Codes.
- Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank.In the case of BANKMED SAL, IRAQ characters 9 - 11 from left BAS indicates branch code. It means that BANKMED SAL, IRAQ Branch code: BAS is used for branches located at :. If XXX are in 9-11 place then it means that it is the Head Office of Bank / Financial institution.
- Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.