RAKBANK Swift Code

If you are a banking professional or experienced with international transactions, you must be well aware of the term ‘SWIFT code’. Among the most popular banks in the UAE is RAKBANK, known for its products and services such as credit cards, loans, seamless transactions, and more. For the latter part, the RAKBANK SWIFT Code can be quite necessary. In this comprehensive guide, we have covered everything that you need to know about the RAK Bank SWIFT Code. 

 

RAKBANK — A Leader in Banking Services in the UAE

Before heading to the code of the bank, let’s catch some details about RAKBANK to better understand it. RAKBANK, established in 1976, is one of the oldest banks in the UAE. Listed on the Abu Dhabi Securities Exchange under the name National Bank of Ras Al Khaimah (P.S.C), it is primarily owned by the Government of Ras Al Khaimah. RAKBANK has a lot to offer, including personal/business banking services and digital banking solutions with more than 20 branches. It is also recognised internationally due to its exceptional products, service, and more. 

 

What is a SWIFT Code? 

SWIFT Code, also referred to as the SWIFT Number, is used for international monetary transactions. It’s also used by banks to transfer messages related to transactions. When you are initiating an international payment, the SWIFT code ensures that your amount is sent to the correct bank. Generally, this code has 8-11 characters. This code carries crucial information about banks such as bank code, country code, location, and brand. Like every bank’s code, RAK Bank SWIFT code is a combination set of various alphabets such as the Business Identifier Codes (BIC). 

 

 

RAKBANK Swift Code

As we saw above, when you are sending or receiving money into RAKBANK, a SWIFT code is required for a smooth transaction. It’s important to know about the RAK Bank SWIFT code for a better and speedy transaction. This knowledge ensures that your money reaches the correct destination without any delays. Along with this, it reduces the chance of a miss-match or any error. 

Here’s what you should remember when using the SWIFT code — 

• Every bank has a different SWIFT code. Make sure to check the code before making any transactions. 
• For quick transactions without any error, it’s important to know the correct SWIFT code of RAK Bank.
• In case you send the money using the wrong SWIFT code, immediately contact your bank. 

Here is the RAKBANK SWIFT Code —

Branch Name	Branch Address	Branch Code	Swift Code
National Bank of Ras Al-Khaimah (RAKBANK)	NBRAK Building, Oman street, Al-Nakheel, Ras Al-Khaimah, United Arab Emirates	XXX	NRAKAEAKXXX

*NRAKAEAKXXX is also used — this is simply the SWIFT Code for the head branch 

In the SWIFT code of the National Bank Of Ras Al-Khaimah, the following characters indicate different aspects —

• NRAK: Bank code
• AE: Country code
• AK: Location code
• XXX: Branch code

 

Important RAKBANK Accounts
RAKBANK Account	RAKBANK Savings Account
RAKBANK RAKvantage	RAKBANK RAKsave
RAKBANK RAKbooster Savings Account	RAKBANK Recurring Deposit Account
RakBank Gold Account	RakBank Call Deposits Account
RakBank Fixed Deposit Plus Account	RAKBANK Flexi Fixed Deposit
RakBank Current Account	RAKmore Salary Transfer Account
RakBank F@St S@Ver Account	RakBank Business Elite Account
RAKstarter Account

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