Rongtong Fund Management Co., LTD SWIFT/BIC code

ROFUCNA1 – the SWIFT/BIC code of Rongtong Fund Management Co., LTD

The short code ROFUCNA1 and the 11-character code ROFUCNA1XXX identify one and the same institution: Rongtong Fund Management Co., LTD, with its head office in Shenzhen. Every bank on the SWIFT network uses these codes to route payments between countries to the right institution. It comes up mostly for payments that cross a border and payments in foreign currencies.

We wrote this page to help people who receives money at an account at Rongtong Fund Management Co., LTD. Remember that the BIC only identifies the bank, not the person: the IBAN or account number does that part.

Choosing between the 2 SWIFT codes of Rongtong Fund Management Co., LTD

Our directory lists 2 SWIFT/BIC codes for Rongtong Fund Management Co., LTD in 1 places. Next to the head office code ROFUCNA1XXX, you will find codes for branches, departments or specific services.

In most cases there is no need to look up a branch: transfers sent to ROFUCNA1XXX reach Rongtong Fund Management Co., LTD without problems. A branch code only makes sense if the recipient’s bank specifically asks for it.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more likely to be retired than ROFUCNA1XXX.

Scams that use SWIFT codes

Stay alert if someone suddenly wants you to send money to another account. That ROFUCNA1 is a real code is no guarantee that the account is genuine; criminals use the codes of real banks too.

Do not trust contact details in the same message that announces the change. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. When a payment was sent to a fraudster, contact your bank immediately.

Recipients are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference to another account. Wait until the money has really arrived and check with Rongtong Fund Management Co., LTD if anything seems off.

International transfers from Rongtong Fund Management Co., LTD: the real cost

A bank transfer abroad can cost more than the fee suggests. On top of a fixed fee, banks in between may deduct a fee, and when the money changes currency the bank usually uses a rate below the real market rate.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate that includes a margin. A simple test: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

Specialised transfer providers often use a rate near the mid-market rate and lower fees. GoldexPay compares transfer providers next to each other so you can see what actually arrives before you commit. Choosing a specialist does not mean leaving Rongtong Fund Management Co., LTD.

Why Rongtong Fund Management Co., LTD 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 two characters for the location. The result is ROFUCNA1, the short form of the code.

XXX at the end of ROFUCNA1XXX does not stand for a missing value or a mistake: it indicates the head office of Rongtong Fund Management Co., LTD. Some forms ask for 11 characters, in which case you can add XXX after ROFUCNA1.

In practice the code is typed in capitals. Look out for the letter O and the digit 0 and I versus 1, a common source of typos.

When will the money arrive at Rongtong Fund Management Co., LTD?

There is no fixed answer: some arrive the same day or the next while others need several business days. Bank holidays in either country can add extra days to the journey. Extra checks on larger or unusual payments can also add some delay, regardless of the details.

When a payment takes longer than expected, ask your bank for the status. Specialist transfer services often provide tracking in their app showing where the money is.

If the money does not arrive within the expected time, the person who paid should start with the bank that sent it rather than Rongtong Fund Management Co., LTD. Request from the sender a copy of the payment confirmation with the date and reference; that often settles the question quickly.

What to give a sender who pays you at Rongtong Fund Management Co., LTD

When you expect money from abroad, give the sender all details at once. That means: your full name as registered with Rongtong Fund Management Co., LTD, your account number or IBAN, the SWIFT/BIC code ROFUCNA1XXX and, often, your postal address.

The sender’s bank might also ask for the address of your bank, in which case the Shenzhen head office is the usual answer. Check the details before you share them, because the sender’s bank usually copies them as is.

An incoming payment does not always land for the full amount. Charges on incoming payments differ per bank – the price list of Rongtong Fund Management Co., LTD tells you what applies. For business payments, it is common to state who bears the costs to avoid a shortfall.

Chinese Yuan (CNY) and conversion costs

China uses the Chinese Yuan. When you pay money in a different currency, the amount gets converted at some point: by your bank, an intermediary or Rongtong Fund Management Co., LTD itself. Every conversion costs something – usually through the rate rather than a fee.

Which bank converts the payment makes a difference. Often you pay less to send CNY straight away via a transfer service with a good rate.

Rates for CNY move all the time, and some providers let you lock in a rate. For regular payments, small differences in the rate make a real difference over a year.

Where our SWIFT data comes from

We collect bank codes using publicly available data and update them regularly. It is possible that information here is no longer current, for example after a merger. Counts and locations are from our own dataset.

For any payment of any size, confirm the BIC with the recipient’s bank or with the recipient. GoldexPay is independent of Rongtong Fund Management Co., LTD; we are a comparison site for money transfers. If you notice a mistake, we appreciate a message.

Before you send: check the Rongtong Fund Management Co., LTD code

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Check that code against ROFUCNA1 here.

Errors in the BIC tend to be costly more than disastrous. An error in the IBAN or account number is a bigger problem because it can reach the wrong person.

A format check by your bank merely tells you that the code is valid. More and more banks check the payee name against the account; take any warning seriously. Sending a small amount first is worth it for large sums despite the extra fee.