Free directory of all 9 correspondent bank SWIFT/BIC codes registered in MALDIVES. Click any bank to view its full record and track an international SWIFT payment routed through it.
The Maldives processes international payments primarily through tourism resort payments and fisheries export proceeds, with the Bank of Maldives (BML) and HSBC Maldives serving as SWIFT correspondents. USD is dominant in the tourism economy, which represents over 60% of GDP. MVR transfers are limited to domestic transactions, and most international wires are USD-denominated.
| RTGS / Settlement System | RTGS (Maldives Monetary Authority — MMA) |
|---|---|
| Currency | MVR — Maldivian Rufiyaa |
| Central Bank | Maldives Monetary Authority (MMA) |
| Typical SWIFT Timing | 3–5 days (international SWIFT) |
Most international SWIFT wires arrive in Maldives within 2–5 business days. Payments cleared through correspondent banks may take longer depending on intermediary routing and local cut-off times.
Maldives processes large-value interbank settlements through RTGS. Retail transfers typically use ACH or local clearing networks, while cross-border wires enter via SWIFT.
The primary settlement currency is MVR — Maldivian Rufiyaa. Foreign-currency wires are converted at the receiving bank's prevailing rate unless a specific currency account is held at the beneficiary institution.
Total correspondent banks indexed: 9