Dongying Bank Co., LTD SWIFT/BIC code

DYSHCNBJ – the SWIFT/BIC code of Dongying Bank Co., LTD

The short code DYSHCNBJ and the 11-character code DYSHCNBJXXX identify the same bank: Dongying Bank Co., LTD. The code does one job: it makes sure that an international payment reaches the right bank. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

On this page you can read what the code means, when it matters and which other details a transfer to or from Dongying Bank Co., LTD requires. A SWIFT code identifies a bank or branch, never a single account; the IBAN or account number does that.

A note on our data

The details on this page come from public sources that we update regularly. Still, banks merge, rename themselves or change codes, so information can be out of date. The number of codes on this page are based on our own data and not on information from Dongying Bank Co., LTD itself.

See our directory here as a helpful check. GoldexPay is not affiliated with Dongying Bank Co., LTD. Spotted an error? Tell us via our contact form so we can correct it.

Getting paid from abroad into a Dongying Bank Co., LTD account

If you expect money from abroad, send the payer a complete set of details. What they need is: your name, account number or IBAN, DYSHCNBJXXX or DYSHCNBJ and, for some countries, your home address.

The sender’s bank may request the address of your bank; the head office in Dongying is usually fine. Double-check every detail before you send them, because the sender’s bank usually copies them as is.

Money from abroad does not always land for the full amount. Fees for incoming transfers vary per bank. On invoices, it is common to state how the fees are split to avoid a shortfall.

Sending money abroad from Dongying Bank Co., LTD

What you pay for a payment abroad is made up of several parts. There is the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate.

The markup on the rate tends to be the biggest cost even though it is not listed as a fee. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Money transfer services frequently offer rates closer to the mid-market rate. GoldexPay compares these services side by side so you can see what actually arrives before you commit. Using a transfer service does not require leaving Dongying Bank Co., LTD: you simply pay the service from your account.

Why Dongying Bank Co., LTD has an 8- and an 11-character code

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. That gives you DYSHCNBJ for Dongying Bank Co., LTD.

XXX at the end of DYSHCNBJXXX does not stand for a missing value or a mistake: it stands for the main office of Dongying Bank Co., LTD. Certain payment forms insist on 11 characters, in which case you can add XXX behind DYSHCNBJ.

As a rule the code is written in capitals and without spaces. Look out for the letter O and the digit 0 and the letter I and the digit 1.

Before you send: check the Dongying Bank Co., LTD code

The most reliable place for the correct BIC is paperwork issued by the bank. If the code you have does not match DYSHCNBJ or DYSHCNBJXXX, stop and ask – contact the recipient or Dongying Bank Co., LTD.

An incorrect BIC can cause delays, a payment being sent back or additional charges. Do not forget the account number: an error there is more difficult to correct than a wrong BIC.

An automatic check by your bank merely confirms that the IBAN exists. Where available, a name check before sending adds an extra layer of safety. For a first payment, some people start with a small test amount before sending the rest.

When will the money arrive at Dongying Bank Co., LTD?

How quickly a transfer arrives at Dongying Bank Co., LTD depends on several factors: which currency you send, the number of banks in between, cut-off times and time zones. Bank holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, ask your bank about the status or the UETR so they can trace it along the chain. Keep the payment confirmation – you will need it for any trace request.

Only the sending bank is able to start an official trace or a recall. On the receiving end, you can check your statements to see a partial amount, since fees may have been deducted.

Sending CNY to Dongying Bank Co., LTD

Most accounts at Dongying Bank Co., LTD are typically held in CNY, the national currency. When you pay money in a different currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Dongying Bank Co., LTD itself. Every conversion costs something, even when no fee is shown.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Sending the money already in CNY usually prevents a second conversion at the receiving end – as long as your own rate is good.

Exchange rates change all the time. With bigger transfers, even small gap in the rate adds up quickly.

Choosing between the 5 SWIFT codes of Dongying Bank Co., LTD

Our directory lists 5 SWIFT/BIC codes for Dongying Bank Co., LTD in 5 places. Next to the head office code DYSHCNBJXXX, there are codes for individual branches and departments.

For most payments to a private or business account, the head office code DYSHCNBJXXX is what you need. Branch codes are only needed if the account holder explicitly asks for it.

The safest route is to take the code straight from the recipient’s invoice. Codes for branches are more likely to be retired than DYSHCNBJXXX when a bank merges or closes offices.

Scams that use SWIFT codes

A common scam goes like this: an email arrives with a request saying that a company has new bank details. A valid SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Before paying, verify a change of bank details by phone, using a number you already had. Watch out for time pressure, odd spelling or an email address that differs by one letter. If a payment has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Fraud can also target the receiver: someone claims to have sent more than agreed and wants you to return the extra. A screenshot of a transfer proves nothing; only your own account shows what has arrived.