Industrial and Commercial Bank of China SWIFT/BIC code

SWIFT/BIC code of Industrial and Commercial Bank of China

Whether a recipient gives you ICBKCNBJ or ICBKCNBJXXX, you are looking at the identical address for Industrial and Commercial Bank of China in China. Every bank on the SWIFT network uses BIC codes to direct international transfers to the right bank. In practice you usually come across the code on invoices from abroad, in your banking app and on the account details of Industrial and Commercial Bank of China customers.

This page is meant to help people who receives money at an account at Industrial and Commercial Bank of China without mistakes. Remember that the SWIFT code only identifies the bank, not the account: the IBAN or account number takes care of that.

Sending CNY to Industrial and Commercial Bank of China

Accounts at Industrial and Commercial Bank of China are typically held in CNY, the national currency of China. A payment in a foreign currency is exchanged into CNY on its way to Industrial and Commercial Bank of China. There is rarely a separate line for the conversion; it is built into the rate.

Where the conversion happens affects how much arrives. Compare what CNY the recipient gets with several services; the difference between options can be larger than you expect.

Exchange rates change all the time – some services let you fix a rate in advance. On larger amounts, a seemingly small difference in the rate adds up quickly.

Tracking a transfer to or from Industrial and Commercial Bank of China

How fast a payment arrives at Industrial and Commercial Bank of China is determined by a few things: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made after the cut-off time or on a weekend or public holiday usually go out a business day later. Compliance checks by one of the banks may also add a delay.

If a transfer seems late, ask the sending bank about the tracking status or the UETR. Money transfer services often show tracking in their app showing where the payment is.

If a payment has not arrived after a few business days, the person who paid should start with the bank that sent it rather than Industrial and Commercial Bank of China. As a recipient, it helps to look at your account to see a partial amount because fees can reduce the amount.

Watch out for payment fraud

One of the most common tricks goes like this: you receive a request claiming that a contact now has a new bank account. The fact that ICBKCNBJ exists does not mean that the account is legitimate; criminals use the codes of real banks too.

Never rely on a phone number in the same message that contains the new account. Watch out for time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Call your bank without delay and have them start a recall; also report it to the police.

Fraud also target the receiver. Someone claims to have sent more than agreed and asks you to refund the extra to a new account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Choosing between the 143 SWIFT codes of Industrial and Commercial Bank of China

We have 143 SWIFT/BIC codes for Industrial and Commercial Bank of China. Besides the head office code ICBKCNBJXXX, there are codes for branches, departments or specific services.

Unless the recipient tells you otherwise, use ICBKCNBJXXX. A branch code only makes sense when the recipient’s bank explicitly asks for it, which is more common for corporate accounts and specialised services.

The best way is to copy the code straight from the recipient’s bank details. Codes can change over time, so a code from an old document is not always valid.

Verifying the SWIFT code of Industrial and Commercial Bank of China

The safest source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. When the code you were given differs from ICBKCNBJ or ICBKCNBJXXX, do not guess: check with the recipient or with Industrial and Commercial Bank of China directly.

With a wrong code, the payment might be delayed, bounce back or cost extra – sometimes after weeks of searching. A mistake in the IBAN or account number can be more serious because it can reach the wrong person, so check that just as carefully.

An automatic check in your banking app merely tells you that the code exists. More and more banks check the name against the account – do not ignore a mismatch warning. When you pay someone new, many people start with a small amount first before sending the rest.

What to give a sender who pays you at Industrial and Commercial Bank of China

Someone abroad who wants to pay you needs several details from you, and missing ones are a common cause of delays. What they need is: your name, IBAN or account number, ICBKCNBJXXX and often your home address.

Some banks want the address of Industrial and Commercial Bank of China. 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 smaller than the amount on the sender’s receipt. Fees for incoming transfers differ per bank; check the price list of Industrial and Commercial Bank of China. For business payments, you can agree how the fees are split to avoid a shortfall.

What the XXX in ICBKCNBJXXX means

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. In this case, that core is ICBKCNBJ.

The long version has a three-character extension that identify a branch or department. When those three characters are XXX, the code points to the head office, so ICBKCNBJXXX and ICBKCNBJ are interchangeable.

Enter the code in one piece, in capitals and without spaces, exactly as shown here. Copying the code beats retyping it.

Sending money abroad from Industrial and Commercial Bank of China

A bank transfer abroad costs rather more than the listed fee. There is the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup if the currency changes.

Banks do not show the margin on the rate as a cost. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of currency pairs, a transfer service turns out to be cheaper than a bank – mostly thanks to the 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 require leaving Industrial and Commercial Bank of China – you pay the provider from your own account.

How up to date is this code?

The details here come from public sources that we update regularly. It is possible that information here is out of date. The number of codes on this page reflect our own data, not official figures from Industrial and Commercial Bank of China.

Before a payment of any size, always confirm the BIC with the recipient’s bank or with the recipient. GoldexPay has no connection to Industrial and Commercial Bank of China; we are a comparison site for money transfers. Spotted outdated information? Let us know via our contact form and we will look into it.