
Al Rajhi Bank is one of the largest banks in Saudi Arabia, with a long history dating back to 1957.
The bank's swift code is a unique identifier that facilitates international transactions, and it's essential to have the correct code to avoid any errors or delays.
Al Rajhi Bank's swift code is BJSAASM1.
To use this code, you'll need to provide it to the recipient's bank, along with the necessary information, such as the amount and currency of the transaction.
Having the correct swift code will ensure that your international transactions are processed smoothly and efficiently.
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What Is SWIFT Code?
The SWIFT code is a crucial piece of information for international transactions, and it's used to identify a specific branch of a bank or financial institution.
It's a combination of letters and numbers, usually eight or eleven digits long, that helps facilitate cross-border payments. The first four characters represent the bank code, while the next two digits are the country code.
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The country code helps identify the country where the bank is located. The SWIFT code also includes a location code, which is two digits long, and an optional three-digit code that helps identify a specific bank branch.
Financial institutions worldwide can join SWIFT's network to use their messaging systems and ensure safe and expedient international commerce.
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Al Rajhi Bank Swift Code
A SWIFT Code of any bank branch is a minimum eight to maximum eleven digits alphanumeric code. The Structure is- Bank Code, Country ISO Code, Location Code, and Branch Code (Optional).
The length of the Swift Code is either eight or eleven digits & combination of couple of letters & numbers. The first four characters of the swift code is bank code, next two digits is country code, next two digits is location code & last three digits is optional.
Here's a breakdown of the Al Rajhi Bank Swift Code format:
Note that if the Swift code is an eight-digit code then it may be assumed that it refers to the primary office.
SWIFT Code Breakdown
A SWIFT code is required to send an international money transfer over SWIFT, and the code consists of 8 to 11 digits.
The first 8 symbols of a SWIFT code can be used for a funds transfer, but it's recommended to double-check with the bank to confirm.
A SWIFT code can be broken down into its component parts, with the first 4 digits representing the bank, in this case, Al Rajhi Bank.
The next 2 digits represent the country ISO code, which in this case is Saudi Arabia.
The following 2 digits represent the location code, which identifies the specific bank location.
If the SWIFT code is an 8-digit code, it may be assumed to refer to the primary office.
Here's a breakdown of the Al Rajhi Bank head office branch SWIFT code:
Note that the first 4 digits (RJHI) represent the bank, and the next 2 digits (SA) represent the country ISO code.
Al Rajhi Bank Head Office Code: RJHISARI
The SWIFT code for Al Rajhi Bank's head office branch is RJHISARI. This code is used for international fund transfers.
The first four characters of the code, RJHI, represent the bank, specifically Al Rajhi Bank. The next two characters, SA, represent the country ISO code, which is Saudi Arabia. The following two characters, RI, are the location code, identifying the bank's location.
Here's a breakdown of the SWIFT code:
The SWIFT code RJHISARI is an eleven-digit code, but it's also an eight-digit code when considering the optional last three digits. This code is used to identify the specific bank branch and facilitate cross-border payments.
You can use the RJHISARI code for international fund transfers, and it's also used for sending and receiving money through services like TransferWise.
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Understanding SWIFT Code Format
A SWIFT Code of any bank branch is a minimum eight to maximum eleven digits alphanumeric, numeric or alphabetic code.
The Structure of a SWIFT Code is quite straightforward, as you can see from the example: R J H I S A Y Y Z Z Z.
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A SWIFT Code is made up of five main components: Bank Code, Country ISO Code, Location Code, Branch Code (which is optional), and sometimes additional digits.
The Structure of a SWIFT Code is broken down as follows: Bank Code, Country ISO Code, Location Code, Branch Code (Optional), and sometimes additional digits.
If the Swift code is an eight-digit code, it may be assumed that it refers to the primary office.
Here's a breakdown of the Structure of a SWIFT Code:
SWIFT Code Definition and Purpose
A SWIFT code is a unique identifier used to transfer money internationally, and it's also known as a BIC code.
The Society of Worldwide Interbank Financial Telecommunication Code, or SWIFT code, is used to identify a particular branch of a bank or financial institution.
The length of a SWIFT code is either eight or eleven digits, and it's a combination of letters and numbers.
The first four characters of a SWIFT code represent the bank code, which is a crucial part of identifying the bank.
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Next, the two digits following the bank code signify the country code, which helps in international transactions.
Then, the next two digits are the location code, which further narrows down the specific branch of the bank.
The last three digits are optional but help in identifying the specific bank branch.
Financial institutions worldwide have the option to join SWIFT's network, which provides messaging systems and the latest technology to ensure safe and expedient international commerce.
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Frequently Asked Questions
Is the SWIFT code the same for all branches?
The SWIFT code may be the same for all branches or unique to each branch, depending on the bank. Check with your bank to confirm which code to use for international transactions.
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