In today's globalized economy, cross-border transactions and international money transfers have become essential components of daily operations for both individuals and businesses. However, one often overlooked yet crucial detail in international transfers is the SWIFT code. The SWIFT code (Society for Worldwide Interbank Financial Telecommunication code) uniquely identifies financial institutions worldwide, ensuring funds are transferred quickly and accurately to the recipient's bank account.
First Abu Dhabi Bank: An Overview
Established in 2017 through the merger of National Bank of Abu Dhabi and First Gulf Bank, First Abu Dhabi Bank (FAB) has grown to become one of the largest banks in the United Arab Emirates and a significant financial services provider in the Middle East and North Africa region. The bank offers comprehensive services including retail, corporate, and investment banking, serving clients ranging from individuals and small businesses to large corporations and public sector entities.
Understanding SWIFT Codes
A SWIFT code is an 8-11 character standardized identifier for banks, with the following structure:
- First 4 characters: Bank code
- Next 2 characters: Country code
- Following 2 characters: Location code
- Last 3 characters (optional): Branch code
The SWIFT network serves as a global communication bridge between banks, ensuring seamless international transactions. Using the correct SWIFT code is critical - errors can lead to delayed transfers, misdirected funds, or even financial losses.
First Abu Dhabi Bank SWIFT Codes
Below are the SWIFT codes for key FAB branches to facilitate your international transfers:
Main Branch
SWIFT Code:
FGBMAEAAXXX
Location:
FAB Building, Khalifa Business Park, Al Qurm, Abu Dhabi
Al Ain Branch
SWIFT Code:
NBADAEAAAAM
Location:
Al Ain Mall, Al Ain
Sharjah Branch
SWIFT Code:
NBADAEAAABA
Location:
Al Burj Avenue, Sharjah
Abu Dhabi Branches
SWIFT Code:
NBADAEAAADG (Sheikh Khalifa Street)
SWIFT Code:
NBADAEAAADV (Sheikh Khalifa Street)
SWIFT Code:
NBADAEAAAGO (Abu Dhabi International Airport)
Ajman Branch
SWIFT Code:
NBADAEAAAIR
Location:
Ajman
Key Considerations for International Transfers
When initiating a SWIFT transfer, always verify:
- Accuracy of the SWIFT code
- Recipient's account details
- Beneficiary name (must match bank records exactly)
If you cannot locate a specific branch's SWIFT code, you may use FAB's head office code (FGBMAEAAXXX), as the bank's centralized system will route funds appropriately.
Preparing for International Transfers
Both individual and corporate clients should ensure they have complete and accurate banking information before initiating transfers. For recipients expecting international funds, providing the correct SWIFT code is essential for successful transactions. Corporate clients must additionally comply with all relevant international financial regulations and reporting requirements.
International money transfers are complex but essential financial operations where SWIFT codes play a vital role in ensuring secure and efficient transactions. With the correct SWIFT information and proper preparation, First Abu Dhabi Bank's extensive network and financial infrastructure can effectively support your global financial needs.