Baoshang Bank (Formerly Baotou Commercial Bank) SWIFT/BIC code

BTCBCNBJ – the SWIFT/BIC code of Baoshang Bank (Formerly Baotou Commercial Bank)

The short code BTCBCNBJ and the 11-character code BTCBCNBJXXX refer to the same bank: Baoshang Bank (Formerly Baotou Commercial Bank) in Baotou, China. A SWIFT code tells the sending bank which institution is meant to get the money, a bit like a postal address for banks. It comes up mainly for transfers between countries and payments in foreign currencies.

This page is meant to help anyone who pays into an account at Baoshang Bank (Formerly Baotou Commercial Bank). A SWIFT code names a bank or branch, never a specific account, which is why you always need the account number too.

Which of the 8 codes of Baoshang Bank (Formerly Baotou Commercial Bank) do you need?

Our database contains 8 SWIFT/BIC codes for Baoshang Bank (Formerly Baotou Commercial Bank) in 7 cities. Next to the head office code BTCBCNBJXXX, there are codes for branches, departments or specific services.

Unless the recipient tells you otherwise, go with BTCBCNBJXXX. When you receive a specific code, use it as it is instead of swapping it with the head office code.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more likely to be retired than the head office code.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a message saying that a supplier now has new bank details and that the next payment should go there. A real SWIFT code says nothing about who owns the account.

Verify new bank details through a separate channel like a call to a number from an earlier contract, not by replying to the message. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. If a payment was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

Recipients are targeted too: one known trick is an overpayment followed by a request to refund the difference to another account. Do not act before the money is actually in your account and check with Baoshang Bank (Formerly Baotou Commercial Bank) if anything seems off.

How to check BTCBCNBJ before you pay

Have the recipient send you the account details directly from their banking app. If the code you have does not match BTCBCNBJ or BTCBCNBJXXX, stop and ask – contact the recipient or Baoshang Bank (Formerly Baotou Commercial Bank).

With a wrong code, the transfer may get stuck, be returned or end up costing more – sometimes after weeks of searching. Do not forget the IBAN: a mistake there is harder to correct than a wrong BIC.

An automatic check by your bank merely tells you that the code is valid – not that it belongs to the person you mean to pay. More and more banks check the name against the account. When you pay someone new, some people start with a small amount first before sending the rest.

The Chinese Yuan and what conversion costs you

Accounts at Baoshang Bank (Formerly Baotou Commercial Bank) are usually held in CNY, the national currency of China. Money sent in a different currency will be exchanged into CNY before it reaches the account. Each conversion eats into something.

Who converts the money makes a difference, because each party uses its own rate. Often it is cheaper to send CNY straight away via a transfer service with a good rate rather than letting the receiving bank convert.

The CNY rate changes constantly and quotes are often valid only for a short time. For regular payments, a slightly better rate add up over a year.

Sending money abroad from Baoshang Bank (Formerly Baotou Commercial Bank)

If you send money to another country via Baoshang Bank (Formerly Baotou Commercial Bank), the fee you see is only part of what you pay. Besides a fixed fee, correspondent or intermediary banks can deduct a fee, and when the money changes currency, the bank often applies a rate below the actual market rate.

The markup on the rate is often the largest item. An easy check: set the rate you get next to the mid-market rate and look at the difference.

For a lot of currency pairs, a specialist provider is cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay lists these services side by side so you can see what actually arrives for the same amount sent. Choosing a specialist does not mean leaving Baoshang Bank (Formerly Baotou Commercial Bank).

Receiving money from abroad at Baoshang Bank (Formerly Baotou Commercial Bank)

A sender in another country will ask for several details from you, and missing ones are a common cause of delays. Share the account holder’s name, the IBAN or account number, SWIFT code BTCBCNBJXXX and your address.

It helps to include the bank name and its city as well. A mistake in the IBAN can be more trouble than you might think; copy them from your banking app rather than typing.

An incoming payment will not always arrive in full. Fees for incoming transfers differ per bank; check the price list of Baoshang Bank (Formerly Baotou Commercial Bank). On invoices, you can agree how the fees are split.

When will the money arrive at Baoshang Bank (Formerly Baotou Commercial Bank)?

There is no single answer: some arrive within a day. Weekends and public holidays in the sending or receiving country can add extra days to the journey. Compliance checks by one of the banks can also add some delay, even when all details are correct.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Save the payment confirmation until the money has arrived – you will need it for any trace request.

If the money does not arrive within the expected time, the person who paid needs to start with their own bank. On the receiving end, you can check your account for a partial amount because fees can reduce the amount.

About this information

The details here are taken from publicly available data that we update regularly. It is possible that a code here is out of date. The number of codes on this page reflect what is in our directory.

Before any payment that matters, confirm the code with Baoshang Bank (Formerly Baotou Commercial Bank) or with the recipient. GoldexPay is an independent comparison site for money transfers and not part of Baoshang Bank (Formerly Baotou Commercial Bank). Found an error? Tell us via our contact form.

BTCBCNBJ or BTCBCNBJXXX – which one to use?

The structure of a BIC never changes: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. For Baoshang Bank (Formerly Baotou Commercial Bank), that core is BTCBCNBJ.

The full version adds a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why BTCBCNBJXXX and BTCBCNBJ lead to the same place.

Type the code as one block, in upper case and without spaces. Watch for O versus 0 or the letter I and the digit 1; they are easy to mix up.