SWIFT/BIC codes in Comoros

Comoros: banks and their SWIFT/BIC codes

This directory contains 16 banks and financial institutions in Comoros. A BIC shows every bank in the chain which institution is meant to get an international payment.

Select the bank from the list to see its head office code and any branch codes. Below the list you can read how codes from Comoros are built, how to send money to Comoros at a fair price and how to check a code before you pay.

Which bank in Comoros has the most codes?

In our directory, Allied Chartered Bank holds the most SWIFT/BIC codes of all banks in Comoros. Its head office code is ALCHKMK1XXX, which is the code to use when no branch is specified.

Banks differ in how many codes they register – a high count is not a measure of size. Making a payment to Allied Chartered Bank? Go with ALCHKMK1XXX except when a specific branch code is requested.

Check the code before you pay

Have the recipient send you the account details directly from their banking app. When the code you were given differs from our list, do not guess.

Our SWIFT/BIC directory is based on public sources that we update periodically. Still, banks merge or retire codes. Before a payment of any size, check the BIC with the recipient’s bank. GoldexPay is not a bank and is not affiliated with the banks listed.

Scammers regularly send payment requests with changed bank details from what looks like a familiar address. A real SWIFT code tells you nothing about who owns the account – scammers use the codes of real banks.

Bank or transfer service for Comoros?

The price of a payment to Comoros is made up of several parts – not only the fee you see. On top of the fee, correspondent banks may take a cut, and when the money is converted the bank usually applies a less favourable rate than the real market rate.

The real cost is often in the rate, not in the fee: banks convert at a rate with a margin built in. Check the bank’s rate against the mid-market rate.

For many routes, a transfer service turns out to be less expensive than a bank – mostly thanks to the exchange rate. GoldexPay compares transfer services side by side so you can see what actually arrives in Comoros before you commit.

International payments to Comoros and the BIC

Comoros is outside the SEPA area, the European zone for uniform euro payments. International transfers to Comoros normally travel through the SWIFT network.

In some countries, the account is identified by a domestic account number rather than an IBAN and sometimes a local routing or branch code. The recipient’s bank usually provides instructions for payments from abroad. Before it arrives, a payment can pass through correspondent banks that take a fee.

What the letters in a Comoros BIC mean

SWIFT/BIC codes use one international format: eight characters plus an optional three-character extension. First comes four letters for the bank, then two letters for the country and two characters for the location.

No matter which bank, all Comoros codes have the same fifth and sixth letters, namely the ISO code of Comoros. Codes with other letters in that position come from another country.

When a code ends in XXX, it refers to the main office. In most cases the head office code is what you need, unless the recipient gives you a branch code.

Transfer times to Comoros

An international transfer to Comoros usually needs one to a few business days – it depends on currency, route and the banks in between. Payments made late in the day or on a weekend or public holiday usually start a business day later.

When a payment takes longer than expected, the sender should contact the sending bank for a trace. Specialist transfer services often show tracking in their app so you can follow the payment.

Receiving money in Comoros from abroad

A sender in another country needs a few details from you. In practice that means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code of your bank and usually your address.

Look up the bank in the list above, but take the code from your own bank details when in doubt. You can include your bank’s name and city as well because some forms have separate fields for it.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who covers the fees, especially for larger amounts.