Ctbc Bank Co., LTD SWIFT/BIC code

SWIFT/BIC code of Ctbc Bank Co., LTD

CTCBCNSH and CTCBCNSHXXX are two ways of writing the same bank identifier, and both point to Ctbc Bank Co., LTD in Shanghai. Banks worldwide use these codes to direct payments between countries to the right bank. It comes up mostly when dealing with payments that cross a border.

Below you will find the practical questions: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you hit send. Remember that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

Ctbc Bank Co., LTD: head office code versus branch codes

Ctbc Bank Co., LTD uses 4 different SWIFT/BIC codes. One of them is the head office code, CTCBCNSHXXX; the others belong to branches or departments.

If nobody asks you for a branch code, use CTCBCNSHXXX or its short form CTCBCNSH. Branch codes are only needed if the account holder specifically mentions it.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

How to check CTCBCNSH before you pay

The best place to find the right code is paperwork issued by the bank. When the code you were given differs from CTCBCNSH or CTCBCNSHXXX, stop and ask: check with the recipient or with Ctbc Bank Co., LTD directly.

With a wrong code, the transfer may be delayed, be returned or end up costing more. A mistake in the account number can be more serious.

Most online banking apps validate the structure of an IBAN and some suggest the matching BIC. If your bank offers it, a payee name check before sending gives extra certainty. A small test payment can be a sensible step for a large first payment despite the extra fee.

Chinese Yuan (CNY) and conversion costs

The currency in China is the Chinese Yuan (CNY). Money sent in a different currency is converted into CNY before it reaches the account – and the bank that does it picks the rate. Every conversion eats into something.

Where the conversion happens has an effect on the final amount, as rates and margins differ per bank. Compare what CNY the recipient gets via several providers before choosing one.

The CNY rate changes throughout the day. On larger amounts, even seemingly small gap in the rate can be worth more than the fee.

Receiving money from abroad at Ctbc Bank Co., LTD

Someone abroad who wants to pay you needs a few details about your account. Give them your name as the bank knows it, the IBAN or account number, SWIFT code CTCBCNSHXXX and your address.

Certain sending banks also ask for the name and address of Ctbc Bank Co., LTD. A mistake in your account number is harder to fix than you might think.

An incoming payment will not always land in full. Charges on incoming payments differ per bank. Make clear with the sender who pays which costs.

Paying someone abroad from your Ctbc Bank Co., LTD account

An international bank payment can cost more than the listed fee. There is the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate if the currency changes.

The real cost is often in the rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. Check their rate against the mid-market rate – the rate you find on financial news sites.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a bank, mainly because of the exchange rate. Next time you send money, take a minute to compare the total cost via GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not mean leaving Ctbc Bank Co., LTD – you pay the provider from your own account.

A note on our data

The details on this page come from public sources that we update regularly. It is possible that a code on this page is out of date, for example after a merger. Figures such as the number of codes come from our directory and may differ from what Ctbc Bank Co., LTD publishes.

See our directory on this page as a helpful check and rely on the recipient or Ctbc Bank Co., LTD for the final confirmation. GoldexPay has no connection to Ctbc Bank Co., LTD; we are a comparison site for money transfers. Found an error? Let us know via our contact form and we will look into it.

Watch out for payment fraud

Be alert when a contact suddenly asks you to pay into a different account. A correct SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Check new payment details through a separate channel, never via the email that asked for the change. Urgency and requests to keep it quiet are red flags – a real supplier can wait a day. When a payment has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Fraud can also work the other way. Someone sends too much and asks you to refund the extra to a new account. Wait until the money has really arrived.

8 or 11 characters: CTCBCNSH versus CTCBCNSHXXX

The layout of every SWIFT code never changes: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. Together, those parts form CTCBCNSH.

The full version has a three-character extension for a branch or department. When those three characters are XXX, they simply mean the head office, so CTCBCNSHXXX and CTCBCNSH are interchangeable.

Enter the code as one block, in capitals and without spaces. Copying the code beats retyping it: a typo can point to another bank.

Tracking a transfer to or from Ctbc Bank Co., LTD

How quickly a payment arrives at Ctbc Bank Co., LTD is determined by a few things: the currency, how many intermediary banks are involved, cut-off times and time zones. Weekends and public holidays in the sending or receiving country add extra days, since banks do not process on those days. Sometimes a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, contact your bank about the status so they can trace it along the chain. Specialist transfer services often show tracking online so you can see how far the money has got.

A delayed transfer is investigated by the sending bank. As a recipient, you can check your account to see a partial amount.