Banco Rural S.A. SWIFT/BIC code

RUBABRR1 – the SWIFT/BIC code of Banco Rural S.A.

RUBABRR1 and RUBABRR1XXX are the short and the long form of the same bank identifier, and both point to Banco Rural S.A. in Belo Horizonte. A BIC does one job: it makes sure that a cross-border transfer reaches the right bank. In daily life you mostly see it on international invoices, in payment forms and on the account details that Banco Rural S.A. provides.

Below you will find the practical side: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you confirm a payment. The BIC identifies an institution, not a specific account.

Changed bank details? Be careful

Be alert when a contact suddenly wants you to pay into another account abroad. A correct SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Always confirm changed bank details by phone on a number you know, not one from the message. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Already paid? Contact your bank without delay and have them start a recall.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference. Wait until the money has really arrived.

What a transfer from Banco Rural S.A. abroad really costs

An international bank payment costs more than the listed fee. Besides the transfer fee, banks in between can take a cut, and when the money changes currency the bank usually uses a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the largest cost, and it is easy to miss. Compare the rate you are offered with the mid-market rate.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. On GoldexPay you can compare the amount that arrives across providers. You can always keep your account at Banco Rural S.A. to fund the transfer; only the conversion and sending happen elsewhere.

Is RUBABRR1 still correct? How to check

The most reliable place for the right code remains paperwork issued by the bank. When the code you were given does not match RUBABRR1 or RUBABRR1XXX, do not guess – contact the recipient or Banco Rural S.A..

An incorrect BIC can cause a delay, a returned payment or extra fees along the way. An error in the IBAN or account number can be more serious because it can reach the wrong person, so check that just as carefully.

An automatic check by your bank merely confirms that the IBAN is valid – not that it belongs to the person you mean to pay. Some banks now compare the name with the account before you confirm; take any warning seriously. Sending a small amount first can be a sensible step for large sums despite the extra fee.

How up to date is this code?

We collect SWIFT/BIC codes from public sources and check them from time to time. Institutions merge, change names and retire codes, and a directory never catches every change immediately. The figures we show reflect what is in our directory and not on information from Banco Rural S.A. itself.

Treat this page as a reference, rather than as the last word. GoldexPay is independent of Banco Rural S.A.; we are a comparison site for money transfers. Spotted an error? Tell us via our contact form so we can correct it.

Banco Rural S.A.: head office code versus branch codes

With 2 codes in 1 cities, Banco Rural S.A. belongs to the banks that use individual codes for branches and departments. The main code remains RUBABRR1XXX.

For most payments to a private or business account, the head office code RUBABRR1XXX is the right choice. When you receive a branch code, use it as it is instead of swapping it for the head office code.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes are more prone to be retired than the head office code when a bank merges or closes offices.

Transfer times and tracking a payment to Banco Rural S.A.

An international transfer usually needs anywhere from one to several business days. Transfers sent late in the day or on weekends and holidays usually go out a business day later. Sometimes a bank asks what the payment is for before releasing it.

Many banks are connected to SWIFT gpi. Each payment gets a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services often provide tracking online showing where the money is.

The bank that sent the money is able to request a trace; the receiving side usually has nothing to trace yet. On the receiving end, it helps to check your account for a slightly lower amount because fees can reduce the amount.

8 or 11 characters: RUBABRR1 versus RUBABRR1XXX

The structure of every SWIFT code is always the same: four characters for the institution, two for the country and a two-character location code. In this case, the 8-character core is RUBABRR1.

Many payment forms accept both lengths. If yours requires eleven characters, enter RUBABRR1XXX.

Do not add spaces or dashes when you type RUBABRR1 or RUBABRR1XXX. Pasting the code beats retyping it, because one wrong letter changes the bank.

Getting paid from abroad into a Banco Rural S.A. account

If you are waiting for money from abroad, give the sender everything they need in one go. The basics are: the account holder’s name, account number or IBAN, RUBABRR1XXX and often your home address.

It helps to add the bank name and Belo Horizonte as well. Double-check every detail before you share them, because the sender’s bank usually copies them as is.

What lands in your account can be less than what was sent. Fees for incoming transfers differ per bank – the price list of Banco Rural S.A. tells you what applies. Make clear with the sender who covers the fees.

Paying into Banco Rural S.A. in BRL

Most accounts at Banco Rural S.A. are typically held in BRL, the national currency. Money sent in a different currency is exchanged into BRL on its way to Banco Rural S.A.. There is rarely a separate charge for that conversion; it is built into the rate.

Who converts the payment makes a difference, because each party uses its own rate. Transferring the amount already in BRL usually avoids an extra conversion by Banco Rural S.A., provided the rate you get is fair.

The rate for BRL changes constantly and quotes are often valid only for a short time. On larger amounts, even small difference in the rate adds up quickly.