Chiyu Banking Corporation LTD. SWIFT/BIC code

CIYUCNBA – the SWIFT/BIC code of Chiyu Banking Corporation LTD.

The 8-character code CIYUCNBA and the 11-character code CIYUCNBAXXX identify the same bank: Chiyu Banking Corporation LTD. in Xiamen, China. The code does one job: it ensures that money from abroad ends up at the right bank. In daily life you mostly come across it on invoices from abroad, in payment forms and in the bank details that Chiyu Banking Corporation LTD. provides.

Further down we go through the practical questions: money coming in from abroad, paying someone in another country and how to check the code before you hit send. The BIC names an institution, not a single account.

Changed bank details? Be careful

Scammers often use payment requests containing changed bank details sent from what looks like a familiar address. That CIYUCNBA is a real code does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Never rely on contact details in the same message that announces the change. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. Acted too fast? Call your bank without delay and ask them to try to recall the payment; also report it to the police.

Recipients are targeted too: a classic trick is an overpayment followed by a request to refund the difference. Wait until the money is actually in your account.

Chiyu Banking Corporation LTD.: head office code versus branch codes

We have 4 SWIFT/BIC codes for Chiyu Banking Corporation LTD. in 2 cities. Next to the head office code CIYUCNBAXXX, you will find codes for individual branches and departments.

If nobody asks you for a branch code, go with CIYUCNBAXXX. When you receive a branch code, stick to it instead of swapping it with the head office code.

Unsure which code to use? Ask the recipient, or look at a recent statement from Chiyu Banking Corporation LTD.. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Paying into Chiyu Banking Corporation LTD. in CNY

The local currency in China is the Chinese Yuan (CNY). If you send another currency has to be converted somewhere along the way. There is rarely a separate charge for the conversion – the cost sits in the rate.

Which bank converts the money matters: every bank has its own margin. Often it is cheaper if you send CNY directly via a transfer service that converts near the mid-market rate.

The rate for CNY fluctuates throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, a seemingly small difference in the rate adds up quickly.

Is CIYUCNBA still correct? How to check

Have the recipient send you their bank details directly from a recent statement. Check that code with CIYUCNBA here; if they differ, ask before you pay.

With a wrong code, the payment might get stuck, bounce back or cost extra – sometimes after weeks of searching. Do not forget the account number: a mistake there is more difficult to correct than a wrong code.

An automatic check in your banking app only tells you that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check on the recipient gives an extra layer of safety. A small test payment can be worth it for a large first payment.

How up to date is this code?

The details here are taken from public sources that we update regularly. Still, banks merge or change codes, so information can be out of date. The number of codes on this page reflect what is in our directory, not official figures from Chiyu Banking Corporation LTD..

Treat our directory here as a handy check. We are a comparison service and not affiliated with Chiyu Banking Corporation LTD.. Found outdated information? Let us know through the contact page so we can correct it.

Tracking a transfer to or from Chiyu Banking Corporation LTD.

How fast a payment reaches Chiyu Banking Corporation LTD. is determined by a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Weekends and public holidays in the sending or receiving country add a day or more. Extra checks by one of the banks can also add some delay, regardless of the details.

When a payment takes longer than expected, contact your bank for the tracking status. Money transfer services often provide a status online so you can see where the payment has got.

If a payment has not arrived after a few business days, the person who paid needs to contact the bank that sent it, not the receiving bank. As a recipient, you can check your statements to see a partial amount, since fees may have been deducted.

What the XXX in CIYUCNBAXXX means

A BIC is built from fixed blocks: the first four letters stand for the bank, the next two show the country and characters seven and eight indicate the location. In this case, that core is CIYUCNBA.

The 11-character version has a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office.

Type the code as one block, in upper case and without spaces. A single character may route the money to another bank.

What a transfer from Chiyu Banking Corporation LTD. abroad really costs

What you pay for a payment abroad is made up of several parts. You pay the transfer fee, possibly fees charged by intermediary banks along the way and, most importantly, the exchange rate markup.

The real cost is often in the rate, rather than in the fee: the bank converts at a rate with a margin built in. Compare their rate with the mid-market rate; the gap is what conversion costs you.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay compares what recipients receive across providers, which makes the cheapest option easy to spot. You can still use your account at Chiyu Banking Corporation LTD. as the source of the money.

Getting paid from abroad into a Chiyu Banking Corporation LTD. account

To receive an international payment into your account at Chiyu Banking Corporation LTD., the sender needs not just the SWIFT code. Share your name as the bank knows it, the IBAN or account number, the BIC CIYUCNBAXXX and your address, which some banks require.

Their bank may also ask for the address of your bank. Double-check the details before you share them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin applies. On invoices, it is common to agree who bears the costs to avoid a shortfall.