IBAN in the United Arab Emirates
To make an IBAN, banks combine local account details into one string of characters. This means you can calculate an IBAN using these account details.
What is the IBAN format in the United Arab Emirates ?
An IBAN (International Bank Account Number) is an internationally-agreed code made up of up to 34 letters and numbers that helps banks make sure that international transfers are processed correctly.
Each set of characters represents a different detail for your bank account. You can see the breakdown of this IBAN below.
What is the IBAN code in the United Arab Emirates?
IBAN in the United Arab Emirates consists of 23 characters:
- 2 letter country code
- 2 digit check number
- 3 characters from the bank's bank code
- 16 digit code for the bank account number
Already have an IBAN code?
Check IBAN| IBAN example in the United Arab Emirates | AE070331234567890123456 |
|---|---|
| IBAN in print format | AE07 0331 2345 6789 0123 456 |
| Country code | AE |
| Check digits | 07 |
| Bank code | 033 |
| Bank account number | 1234567890123456 |
Do you need an IBAN in the United Arab Emirates?
Yes. If you’re making – or expecting to receive – an international money transfer to a bank account in the United Arab Emirates, then just a standard bank account number isn’t enough. If you want your money to arrive quickly and safely, you’ll usually need to give the bank a few extra details, such as an IBAN or SWIFT code.
Banks assign IBANs to each of their accounts to make sure that international transfers are processed correctly.
IBANs contain all of the country, bank, and account details you need to send or receive money internationally. This system is used throughout Europe, and also recognised in some areas of the Middle East, North Africa and the Caribbean.
Calculate IBANCompare prices for sending money abroad
Banks and other transfer services have a dirty little secret. They add hidden markups to their exchange rates - charging you more without your knowledge. And if they have a fee, they charge you twice.
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| Sending 1,000.00 SGD with | Recipient gets(Total after fees) | Transfer fee | Exchange rate(1 SGD → AED) |
|---|---|---|---|
 Cheapest | 2,679.55 AEDSave up to 377.98 AED | 6.70 SGD | 2.69762 |
 | 2,654.44 AED- 25.11 AED | 0.00 SGD | 2.65444 |
 | 2,301.57 AED- 377.98 AED | 120.00 SGD | 2.61542 |
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