Export-Import Bank of China, The SWIFT/BIC code

Export-Import Bank of China, The SWIFT code: EIBCCNBJ

Whether you are given EIBCCNBJ or EIBCCNBJXXX, it is the identical address for Export-Import Bank of China, The in China. Every bank on the SWIFT network uses these codes to direct payments between countries to the correct bank. In daily life you usually see the code on invoices from abroad, in your banking app and on the account details of Export-Import Bank of China, The customers.

On this page you can read what the code is put together, when you need it and what else a transfer to or from Export-Import Bank of China, The requires. Keep in mind that the BIC just identifies the bank, not the account: the IBAN or account number takes care of that.

Paying someone abroad from your Export-Import Bank of China, The account

A bank transfer abroad costs more than the fee suggests. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup.

That exchange rate margin tends to be the biggest cost because it is hidden in the rate. A simple test: set the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

For many currency pairs, a transfer service is cheaper than a bank, mainly because of the exchange rate. On GoldexPay we compare the amount that arrives with different providers. You can always keep your account at Export-Import Bank of China, The, while a cheaper service handles the conversion.

Receiving money from abroad at Export-Import Bank of China, The

To receive a transfer from abroad into your account at Export-Import Bank of China, The, the sender needs not just the BIC. The basics are: your name, IBAN or account number, EIBCCNBJXXX or EIBCCNBJ and, for some countries, your home address.

You can add the bank name and Beijing as well. Check every detail before you send them.

What lands in your account can be lower than what was sent. Intermediary banks may deduct a fee, Export-Import Bank of China, The may charge for incoming payments, and if the money is converted, a markup on the rate applies. Make clear with the sender who covers the fees before the money is sent.

Verifying the SWIFT code of Export-Import Bank of China, The

Have the recipient send you their account details straight from their online banking. Check that code against EIBCCNBJ here and ask if anything does not match.

Errors in the BIC are costly more than disastrous. An error in the account number can be a bigger problem; check it just as carefully.

Most online banking apps validate the format of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. If your bank offers it, a name check before sending adds an extra layer of safety. For a first payment, some people start with a small test amount.

8 or 11 characters: EIBCCNBJ versus EIBCCNBJXXX

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. Together, those parts make up EIBCCNBJ – the version you usually see online.

The 11-character version has three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why EIBCCNBJXXX and EIBCCNBJ lead to the same place.

Do not add spaces or dashes when you type EIBCCNBJ; the code is always written in one block. Copying the code is safer than retyping it, because one wrong letter changes the bank.

Choosing between the 32 SWIFT codes of Export-Import Bank of China, The

Having 32 codes, Export-Import Bank of China, The is one of the banks that use separate codes for parts of the organisation and departments. The head office code remains EIBCCNBJXXX.

For the vast majority of payments to a private or business account, the head office code EIBCCNBJXXX is what you need. If you have been given a branch code, use it as it is rather than swapping it with the head office code.

Not sure which code to use? Check with the recipient or the bank itself. Codes can change over time.

A note on our data

We gather SWIFT/BIC codes using public sources and check them regularly. It is possible that a code here is out of date. Counts and locations come from our own dataset and are not confirmed by Export-Import Bank of China, The.

See our directory here as a helpful check. GoldexPay is independent of Export-Import Bank of China, The. Should you notice a mistake, we welcome a short note via the contact page.

Scams that use SWIFT codes

Criminals often use fake invoices containing changed bank details, sometimes in an email that looks completely genuine. A correct SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Check new payment details via a separate channel like a call to a number from an earlier contract. Watch out for time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Call the bank you paid from straight away and have them try to recall the payment; also report it to the police.

Scams also target the receiver. Someone claims to have sent too much and wants you to return the difference. A screenshot of a transfer is no proof – check your own account.

When will the money arrive at Export-Import Bank of China, The?

How quickly a payment reaches Export-Import Bank of China, The depends on several factors: which currency you send, the number of banks in between, cut-off times and differences in time zone. Weekends and public holidays in the sending or receiving country add a day or more, since banks do not process on those days. Extra checks by one of the banks may also add a delay, regardless of the details.

Many banks are connected to SWIFT gpi. Each gpi transfer gets a unique reference, the UETR that banks can use to trace it. Save the payment confirmation.

The bank that sent the money is able to start an official trace or a recall; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt.

The Chinese Yuan and what conversion costs you

Accounts at Export-Import Bank of China, The are usually held in CNY, the local currency of China. When you pay money in a different currency it gets converted somewhere along the way: by your bank, an intermediary or Export-Import Bank of China, The itself. Each conversion eats into the amount, even when no fee is shown.

Where the conversion happens affects the final amount, since every bank sets its own rate. In many cases you pay less to send CNY straight away via a provider that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for CNY changes constantly and quotes are often valid only for a short time. For regular payments, a slightly better rate make a real difference over time.