RAKBANK’s SWIFT code is NRAKAEAK, registered to National Bank of Ras Al Khaimah (P.J.S.C.). The 11-character form is NRAKAEAKXXX. Every RAKBANK account receives international transfers on this one code, whether it was opened in Ras Al Khaimah, Dubai or Abu Dhabi, and whether it’s a conventional or RAKislamic account.
Where RAKBANK differs from most UAE banks is that it publishes the exact correspondent banks a sender should route through for each currency. Giving those to a payer in the US or Europe can save a day of routing and an extra intermediary fee.
RAKBANK transfer details
| Field | What to give the payer |
|---|---|
| Beneficiary bank | National Bank of Ras Al Khaimah (P.J.S.C.) |
| SWIFT code | NRAKAEAK |
| Beneficiary name | Your name exactly as it appears on the account |
| Beneficiary account | Your 23-digit IBAN |
| IBAN bank code | 040 |
| Sample IBAN layout | AE26 0401 2345 6789 0123 456 (illustrative only) |
The bank name trips some payers up. A form that autofills “National Bank of Ras Al Khaimah” after you enter NRAKAEAK is correct: that’s RAKBANK’s legal name.
Correspondent banks by currency
When money arrives in a currency other than dirhams, it passes through a correspondent bank in that currency’s home market. These are the “cover to be effected through” banks RAKBANK lists for personal accounts:
| Currency | Correspondent bank | SWIFT code |
|---|---|---|
| USD | Standard Chartered Bank, New York | SCBLUS33 |
| USD | Citibank, New York | CITIUS33 |
| USD | JPMorgan Chase Bank, N.A. | CHASUS33 |
| USD | Mashreq Bank, New York | MSHQUS33 |
| GBP | Lloyds TSB Bank PLC, London | LOYDGB2L |
| GBP | Barclays Bank PLC, London | BARCGB22 |
| EUR | Deutsche Bank AG, Frankfurt | DEUTDEFF |
| EUR | ING Belgium NV/SA, Brussels | BBRUBEBB010 |
| EUR | Barclays Bank Ireland PLC, Frankfurt | BARCDEFF |
| CAD | Bank of Montreal, Canada | BOFMCAT2 |
For a USD, GBP, EUR or CAD payment, the sender’s bank only needs one of the listed correspondents for that currency. If their form has an “intermediary bank” field, that’s where it goes. If it doesn’t, leave it blank: their bank will choose a route, and NRAKAEAK with your IBAN is still enough to deliver the money.
For any other currency, RAKBANK doesn’t publish a correspondent for personal accounts, so give the payer NRAKAEAK and your IBAN only.
Conventional & RAKislamic accounts
RAKislamic is RAKBANK’s Islamic banking arm, not a separate bank. RAKislamic personal and business accounts use the same SWIFT code, NRAKAEAK, and the same beneficiary bank name.
The difference shows up only when you call. Conventional customers use 600 54 4049, and RAKislamic customers use 600 54 0044. From abroad, add +971 in front of either number. Both lines run from 9am to 6pm, including public holidays.
Sending AED transfers from RAKBANK
If you’re the one paying, two UAE rules apply to every AED transfer out of a RAKBANK account:
- A purpose of payment is required. Since 30 September 2017, local and cross-border AED transfers need a valid reason, chosen from the list for your customer type. A payment without one can be rejected or delayed. Salaries processed through WPS are exempt.
- The beneficiary’s IBAN is mandatory for domestic transfers. A local payment without one is rejected, except credit card payments.
Old standing orders set up before these rules may lack a purpose code. Update them in RAKBANK Digital Banking so they don’t fail.
How to find your RAKBANK IBAN
Your IBAN is 23 characters, starts with AE and carries 040 as the bank code. You can copy it from:
- The RAKBANK app, under the account’s details
- RAKBANK online banking
- Your account statement
Copy it rather than typing it. A single swapped digit fails the IBAN check digits, and the sender’s bank will usually reject the payment before it leaves.
If a transfer to RAKBANK is missing
- Get the MT103 from the sender. It’s the SWIFT message that shows the amount, date and the receiving bank code.
- Confirm it reads NRAKAEAK and carries your full IBAN in the beneficiary field.
- Check whether the payment went through one of the correspondents above. If it went through a different bank, extra time at that intermediary is the usual cause of delay.
- Call RAKBANK on the number for your account type with the MT103 to hand.
An MT103 SWIFT copy is the one document every bank asks for in a trace.
FAQ
What is the SWIFT code of RAKBANK in Dubai?
NRAKAEAK. RAKBANK uses one SWIFT code for every branch, including Dubai, Abu Dhabi and Ras Al Khaimah.
Is NRAKAEAKXXX different from NRAKAEAK?
No. XXX marks the head office, so both reach RAKBANK. Use the 11-character version only when a form won’t accept 8 characters.
Does RAKislamic have its own SWIFT code?
No. RAKislamic accounts receive transfers on NRAKAEAK, with National Bank of Ras Al Khaimah (P.J.S.C.) as the beneficiary bank.
Which bank does RAKBANK use for USD transfers?
RAKBANK lists Standard Chartered Bank New York (SCBLUS33), Citibank New York (CITIUS33), JPMorgan Chase (CHASUS33) and Mashreq Bank New York (MSHQUS33) as USD correspondents.
What is the RAKBANK customer care number?
600 54 4049 for conventional banking and 600 54 0044 for Islamic banking, from 9am to 6pm daily.
Next steps for a RAKBANK transfer
- Send the payer NRAKAEAK, the full legal bank name and your IBAN in one message.
- For USD, GBP, EUR or CAD, add one correspondent bank from the table.
- If you’re sending AED, pick the purpose of payment before you confirm.
- Keep the MT103 until the money arrives.
RAKBANK balance options are on the RAKBANK balance check page, and other banks’ codes are on the UAE bank SWIFT codes list.
