Mega International Commercial Bank SWIFT/BIC code

Mega International Commercial Bank SWIFT code: ICBCCNBS

The short code ICBCCNBS and the full code ICBCCNBSXXX refer to one and the same institution: Mega International Commercial Bank in Suzhou, China. Every bank on the SWIFT network uses BIC codes to route payments between countries to the correct bank. You will need it mostly when dealing with transfers between countries or a currency.

Below you will find the practical side: money coming in from abroad, paying someone in another country and how to verify a SWIFT code before you hit send. The SWIFT code alone does not identify an individual account holder; for that you need the IBAN or account number .

International transfers from Mega International Commercial Bank: the real cost

A bank transfer abroad can cost rather more than the listed fee. There is the transfer fee, sometimes fees charged by intermediary banks along the way and, above all, the exchange rate markup.

Most of the cost usually sits in the exchange rate: many banks convert at a rate with a margin built in. A simple test: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

Money transfer services frequently use rates closer to the mid-market rate with clearer fees. GoldexPay compares transfer providers side by side so you can see what actually arrives. Using a transfer service does not require leaving Mega International Commercial Bank – you pay the provider from your own account.

The Chinese Yuan and what conversion costs you

China uses the Chinese Yuan, with the currency code CNY. Money sent in a different currency is converted into CNY on its way to Mega International Commercial Bank – and the bank that does it picks the rate. Each conversion eats into something, even when no fee is shown.

Which bank converts the payment makes a difference, because each party uses its own rate. Sending the money already in CNY often avoids a second conversion – as long as your own rate is good.

The CNY rate fluctuates throughout the day and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over a year.

A note on our data

We gather SWIFT/BIC codes using public sources and check them regularly. Still, banks merge or change codes. The number of codes we show are based on what is in our directory and not on information from Mega International Commercial Bank itself.

Treat our data as a starting point, rather than as the last word: the recipient’s bank details come first. GoldexPay is independent of Mega International Commercial Bank, we only compare transfer services. Found outdated information? Tell us via our contact form.

Incoming international payments to Mega International Commercial Bank

When you are waiting for a payment from another country, give the sender all details at once. Give them your name as the bank knows it, the IBAN or account number, SWIFT code ICBCCNBSXXX and your address.

Certain sending banks also ask for the name and address of Mega International Commercial Bank in Suzhou. A mistake in your account number can be harder to fix than you might think; copy them from your banking app rather than typing.

Expect that the incoming amount is below what the sender paid. Fees for incoming transfers differ per bank – the price list of Mega International Commercial Bank tells you what applies. On invoices, you can agree who bears the costs, so that nobody is left short.

Watch out for payment fraud

A common scam goes like this: you receive a request saying that a contact has a new bank account. The fact that ICBCCNBS exists is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Do not rely on a phone number from the same email that contains the change. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. When money has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

Scams can also target the receiver. Someone sends too much and asks you to refund the difference. A payment confirmation from the sender proves nothing.

Why Mega International Commercial Bank has an 8- and an 11-character code

Each 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. Together, those parts make up ICBCCNBS – the version you usually see online.

XXX at the end of ICBCCNBSXXX is not a missing value or a mistake: it stands for the main office of Mega International Commercial Bank. Certain payment forms ask for 11 characters, in which case you can enter XXX behind ICBCCNBS.

Type the code as one block, in capitals and without spaces. A single character may route a payment to another bank, so check it twice.

How long does an international transfer to Mega International Commercial Bank take?

How fast a payment reaches Mega International Commercial Bank is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in either country add extra days. Extra checks on larger or unusual payments may also cause some delay, regardless of the details.

If a transfer is delayed, ask your bank for the tracking status; with that reference banks can see where the payment is. Specialist transfer services usually show tracking in their app showing where the payment is.

A delayed transfer is investigated from the sending side, using the payment confirmation. Request from the sender the payment receipt with the date and reference – it helps your own bank look for the money.

Choosing between the 4 SWIFT codes of Mega International Commercial Bank

Having 4 codes, Mega International Commercial Bank is one of the banks that register individual codes for parts of the organisation. The head office code remains ICBCCNBSXXX.

In most cases you do not need to look up a branch: payments sent to ICBCCNBSXXX reach Mega International Commercial Bank correctly. Only use a branch code when the account holder gives you that exact code.

The best way is to take the code straight from the recipient’s statement. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

Before you send: check the Mega International Commercial Bank code

The safest source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given differs from ICBCCNBS or ICBCCNBSXXX, stop and ask.

Mistakes in the BIC tend to be costly more than fatal. Remember the IBAN: an error there is harder to undo than a wrong code.

Most online banking apps validate the structure of IBANs, but that does not prove the account belongs to the right person. Some banks now compare the payee name against the account; take any warning seriously. When you pay someone new, many people send a small amount first and wait for confirmation.