Send business payments to Algeria
Pay suppliers, staff and partners in Algeria in DZD: we convert from your balance when you pay and send it by SWIFT in one step. DZD can’t be held.
Quick facts
- Local currency
- DZD · Algerian Dinar
- Pay out in DZD?
- Yes — pay out only, converted when you pay
- Route
- DZD · SWIFT
- Typical timing
- SWIFT: typically 1 to 3 working days (typical, not guaranteed)
- Account details
- No IBAN — 20-digit RIB + SWIFT code · Format and example
- Banks closed
- Friday – Saturday · Payment calendar
- Next DZD closing days
- 1 November 2026 — Revolution Day · 1 January 2027 — New Year's Day · 12 January 2027 — YennayerARTS / ATCI
- SWIFT codes
- 7 banks in our directory
Paying suppliers in Algeria
The Algerian dinar (DZD) is a pay-out-only currency: we convert from a balance you hold and pay the dinars out by SWIFT in one step. Dinars can’t be held or received. Foreign-exchange rules are set by the Banque d’Algérie, and the supplier’s bank may ask for the commercial documents behind the payment.
Algeria has not adopted the IBAN. Accounts are identified by the 20-digit RIB — a 3-digit bank code, a 5-digit agency code, a 10-digit account number and a 2-digit key — sent with the bank’s SWIFT code. If a supplier sends an “IBAN” starting DZ, ask for the RIB instead and use it as the account number.
The Algerian weekend is Friday and Saturday; banks reopen on Sunday. Yennayer, the national days and the Eids are listed in the payment calendar.
What you need from your supplier
The beneficiary’s full legal name
Exactly as their bank holds it: the company name for a business, not a trading name.
Their address
Street, town and country.
RIB (20 digits)
Algeria does not use the IBAN; the RIB goes in the account-number field.
The bank’s SWIFT/BIC code
8 or 11 characters. Use the code the supplier gives you; the head-office code works if you only know the bank.
What the payment is for
An invoice number or a short description. Some payments need a supporting document such as the invoice.
How it works
- 01
Add your beneficiary in Algeria
Enter the details above once and save them. Every later payment to the same supplier, employee or partner starts from the saved record.
- 02
Pay in DZD
Pay from a balance you hold, or convert as part of the payment. The fee, the rate and the amount the beneficiary receives are shown before you confirm.
- 03
Approve and send by SWIFT
A second approver can sign off if your policy requires it. You can download a confirmation of the payment to forward to the beneficiary.
Largest banks in Algeria
Fees
- SWIFT payment out
- 0.25%, min €25.00
- Currency conversion
- 0.5%
Figures from the MENA plan. Every fee is shown before you confirm a payment, and banks in a SWIFT chain may deduct charges of their own. All plans and fees →
Sending money to Algeria: questions
- How long does a business payment to Algeria take?
- A SWIFT payment typically takes 1 to 3 working days, depending on the currency and the banks in the chain. Banks in Algeria are closed Friday – Saturday. Payments instructed after the daily cut-off, at a weekend or on a holiday start on the next working day. Timings are typical, not guaranteed; the payment calendar shows value dates.
- How much does it cost to send money to Algeria?
- On the MENA plan a SWIFT payment out costs 0.25%, min €25.00, and banks in the SWIFT chain may deduct charges of their own. Converting currency costs 0.5%. Every fee and the rate are shown before you confirm.
- Which currency should I pay a supplier in Algeria in?
- DZD is a pay-out-only currency: we convert from a balance you hold at the moment you pay, and it can’t be held or received. You can also pay in US dollars or euros if the supplier prefers.
- What details do I need from the supplier?
- The beneficiary’s name and address, their 20-digit RIB and their bank’s SWIFT/BIC code.
- Will I need to send documents?
- Sometimes. Depending on the destination and the amount, we may ask for an invoice or another supporting document before a payment is released, and the recipient’s bank may ask your supplier for the same. Keeping the invoice number in the payment reference helps both.
- Can a business based in Algeria open an account?
- Yes, Algeria is not on our list of markets we can’t serve, so a business based there can apply, subject to KYC/KYB review. Onboarding hasn’t opened yet: join the waiting list and we’ll contact you when it does.
Related
Other destinations in Middle East and North Africa
Paying suppliers in Algeria?
Onboarding hasn’t opened yet. Join the waiting list and we’ll contact you when it does.