What is QNB Swift code?

QNB Swift Code: A Comprehensive Guide

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) assigns unique codes to banks and financial institutions worldwide. These codes facilitate secure and efficient international wire transfers. This article delves into the Swift codes used by Qatar National Bank (QNB) and its subsidiary, QNB AlAhli, providing essential information for cross-border transactions.

Swift Code for Qatar National Bank (QNB)

The Swift code for Qatar National Bank is QNBAQAQA

. This code identifies the bank’s head office in Doha, Qatar. When initiating an international wire transfer to or from QNB, it is crucial to use this specific code to ensure the funds are routed correctly.

QNB AlAhli Swift Code

QNB AlAhli, a subsidiary of QNB in Egypt, has a separate Swift code: QNBAEGCXXXX

. This code is used for international transactions involving QNB AlAhli’s branch in Cairo. It is essential to use the correct Swift code for the specific QNB branch involved in the transaction.

Correspondent Banks

QNB maintains a network of correspondent banks for each currency it handles. These correspondent banks act as intermediaries, facilitating cross-border payments and transactions. The list of correspondent banks for specific currencies can be obtained from QNB.

Payment Tracking

To track a Swift cross-border payment to or from QNB, you typically require the following information:

• UETR code
• Reference number
• Amount value
• Payment date
• Currency

This information is usually available in an MT103 form, which is a standardized message format used for international wire transfers.

Conclusion

Understanding Swift codes is essential for smooth and secure international wire transfers. Qatar National Bank (QNB) and its subsidiary, QNB AlAhli, have distinct Swift codes that must be used for transactions involving their respective branches. By utilizing the correct Swift codes and providing the necessary payment information, individuals and businesses can ensure the efficient and timely transfer of funds across borders.

References

• https://wise.com/us/swift-codes/QNBAQAQAXXX
• https://silverbird.com/swift-codes/qnbaegcxxxx
• https://trackmyswift.com/swift-codes/QNBAMRMU

FAQs

What is the Swift code for Qatar National Bank (QNB)?

**Answer:** The Swift code for Qatar National Bank is **QNBAQAQA**.

What is the Swift code for QNB AlAhli?

**Answer:** The Swift code for QNB AlAhli is **QNBAEGCXXXX**.

How do I find the Swift code for a specific QNB branch?

**Answer:** You can contact QNB directly or check their website for the Swift code of a specific branch.

What information do I need to track a Swift cross-border payment to or from QNB?

**Answer:** To track a Swift cross-border payment, you typically need the UETR code, reference number, amount value, payment date, and currency.

What is a correspondent bank?

**Answer:** A correspondent bank is a bank that acts as an intermediary between two other banks in different countries, facilitating cross-border payments and transactions.

How do I use the Swift code for an international wire transfer?

**Answer:** When initiating an international wire transfer, you will need to provide the recipient bank’s Swift code along with other necessary information such as the recipient’s account number and the amount to be transferred.

Is it safe to share my Swift code with others?

**Answer:** Yes, it is generally safe to share your Swift code with others, as it is a public identifier used for international wire transfers. However, it is important to be cautious and only share your Swift code with trusted individuals or organizations.

Where can I find more information about QNB’s Swift codes?

**Answer:** You can find more information about QNB’s Swift codes on their website or by contacting their customer support.