Shanghai Rural Commercial Bank Co., LTD SWIFT/BIC code

SWIFT/BIC code of Shanghai Rural Commercial Bank Co., LTD

Whether a recipient gives you SHRCCNSH or SHRCCNSHXXX, it is the same address for Shanghai Rural Commercial Bank Co., LTD in China. The code does one job: it ensures that money from abroad ends up at the right bank. In daily life you usually come across the code on international invoices, in your banking app and in the bank details that Shanghai Rural Commercial Bank Co., LTD provides.

On this page you can read how the code is put together, when you need it and what else a transfer to or from Shanghai Rural Commercial Bank Co., LTD requires. The SWIFT code on its own does not identify a personal account; that is what the account number or IBAN .

Is SHRCCNSH still correct? How to check

The safest source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. If the code you have does not match SHRCCNSH or SHRCCNSHXXX, stop and ask: check with the recipient or with Shanghai Rural Commercial Bank Co., LTD directly.

An incorrect BIC may lead to delays, a payment being sent back or additional charges for investigation. A mistake in the IBAN or account number is a bigger problem because it can reach the wrong person; check it just as carefully.

Most online banking apps check the structure of IBANs. If your bank offers it, a payee name check before sending adds an extra layer of safety. For a first payment, many people send a small amount first.

Incoming international payments to Shanghai Rural Commercial Bank Co., LTD

To receive an international payment into your account at Shanghai Rural Commercial Bank Co., LTD, the sender needs more than the SWIFT code. That means: your full name as registered with Shanghai Rural Commercial Bank Co., LTD, your account number or IBAN, the BIC SHRCCNSHXXX and, often, your address.

Their bank may also ask for the bank address of Shanghai Rural Commercial Bank Co., LTD; the head office in Shanghai is usually fine. Double-check every detail before you send them, because the sender’s bank usually copies them as is.

Do not be surprised if the incoming amount is smaller than what the sender paid. Correspondent banks can take a fee, Shanghai Rural Commercial Bank Co., LTD may charge for incoming payments, and if the money is converted, an exchange rate margin applies. On invoices, it is common to agree how the fees are split.

Chinese Yuan (CNY) and conversion costs

Accounts at Shanghai Rural Commercial Bank Co., LTD are typically held in CNY, the local currency of China. A payment in a foreign currency is converted into CNY – and the bank that does it picks the rate. There is rarely a separate line for the conversion; it is built into the rate.

Which bank converts the money makes a difference, because each party uses its own rate. In many cases it is cheaper to send CNY straight away via a transfer service with a good rate, so that the receiving bank does not need to convert again.

Exchange rates move all the time, and some providers let you lock in a rate. With bigger transfers, even small difference in the rate adds up quickly.

Changed bank details? Be careful

Stay wary if someone suddenly asks you to pay into a different account or a bank in another country. That SHRCCNSH is a real code is no guarantee that the account is legitimate.

Before paying, verify a change of bank details by phone, using a number you already had. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. Acted too fast? Call your bank straight away and have them start a recall.

People receiving money are targeted too: one known trick is an overpayment and then sends a request to refund the difference. A payment confirmation from the sender is no proof – check your own account.

How long does an international transfer to Shanghai Rural Commercial Bank Co., LTD take?

There is no single answer: many arrive the same day or the next, others take several business days. Payments made late in the day or just before a weekend or public holiday usually go out a business day later. Sometimes a bank asks about the purpose of a payment before releasing it.

When a payment takes longer than expected, contact your bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Keep the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

A missing payment is investigated by the sending bank. On the receiving end, it helps to check your statements for a partial amount, since fees may have been deducted.

SHRCCNSH or SHRCCNSHXXX – which one to use?

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. The result is SHRCCNSH, the short form of the code.

Most banks and apps accept both lengths. If a form asks for eleven characters, use SHRCCNSHXXX, otherwise SHRCCNSH is fine.

Type the code as one block, in capitals and without spaces. A single letter can send the money to another bank, so copy it carefully.

Choosing between the 2 SWIFT codes of Shanghai Rural Commercial Bank Co., LTD

Shanghai Rural Commercial Bank Co., LTD has 2 separate SWIFT/BIC codes across 2 locations. Only one is the head office code; the rest belong to branches.

Usually there is no need to look up a branch: payments addressed to SHRCCNSHXXX are routed within Shanghai Rural Commercial Bank Co., LTD correctly. Only use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

The best way is to copy the code directly from the account holder’s statement. Branch codes are sometimes changed or retired when banks reorganise.

Where our SWIFT data comes from

The directory on GoldexPay is compiled from publicly available sources and is updated regularly. It can happen that a code on this page is out of date after a merger or reorganisation. The figures we show are based on what is in our directory.

Before any payment of any size, always check the BIC with Shanghai Rural Commercial Bank Co., LTD or the recipient. GoldexPay is an independent comparison site and not affiliated with Shanghai Rural Commercial Bank Co., LTD. Spotted an error? Let us know through the contact page.

What a transfer from Shanghai Rural Commercial Bank Co., LTD abroad really costs

What you pay for an international transfer is made up of several parts. You pay the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the exchange rate markup if the currency changes.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts at a rate with a margin built in. Compare their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For many currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. Before your next transfer, it is worth to compare the total cost via GoldexPay instead of going straight to your bank. Using a transfer service does not mean closing your account at Shanghai Rural Commercial Bank Co., LTD: you simply pay the service from your account.