Bank of Industry and Mine SWIFT/BIC code

BOIMIRTH – the SWIFT/BIC code of Bank of Industry and Mine

BOIMIRTH and BOIMIRTHXXX are two spellings of the same SWIFT/BIC code, and both point to Bank of Industry and Mine in Tehran. A SWIFT code tells the banks handling a payment which institution should receive the money, a bit like a postal address for banks. It comes up mainly when dealing with transfers between countries and payments in foreign currencies.

On this page you can read what the code is put together, when it matters and which other details a transfer to or from Bank of Industry and Mine requires. Remember that the BIC just identifies the bank, not the person: the account number or IBAN takes care of that.

Is BOIMIRTH still correct? How to check

Ask the recipient to send you the account details straight from their online banking. If the code you have differs from BOIMIRTH or BOIMIRTHXXX, stop and ask: check with the recipient or with Bank of Industry and Mine directly.

A wrong SWIFT code may lead to delays, a returned payment or additional charges along the way. Remember the IBAN: a mistake there can be more difficult to undo than a wrong BIC.

An automatic check by your bank merely tells you that the IBAN exists, not that it is the right account. Where available, a payee name check before sending adds extra certainty. A small test payment can be a sensible step for large sums.

A note on our data

We collect bank codes from public sources and check them regularly. Still, banks merge or change codes, so information can be out of date. Counts and locations are from our directory and may differ from what Bank of Industry and Mine publishes.

Treat our directory on this page as a handy check, and let the details from the recipient or Bank of Industry and Mine have the final say. We are an independent comparison site and not part of Bank of Industry and Mine. Should you notice something that is out of date, we appreciate a message.

How long does an international transfer to Bank of Industry and Mine take?

How fast a payment arrives at Bank of Industry and Mine is determined by a few things: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Transfers sent late in the day or on weekends and holidays often go out the next business day. Occasionally a bank wants to know what the payment is for.

When a payment takes longer than expected, ask your bank for the tracking status and the transaction reference; with that reference banks can see where the payment is. Money transfer services usually show a status in their app showing where the money is.

If the money does not arrive after a few business days, the person who paid should start with their own bank. Ask the sender for a copy of the payment confirmation including the reference.

Sending money abroad from Bank of Industry and Mine

If you transfer money to another country via Bank of Industry and Mine, the fee you see is rarely all of the cost. Besides a fixed fee, banks in between can take a cut, and when the money changes currency the bank usually uses a rate that is less favourable than the actual market rate.

The real cost is often in the rate, not in the fee: the bank converts at a rate that includes a margin. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Specialist money transfer services often offer a rate near the mid-market rate with clearer fees. GoldexPay compares the amount that arrives across providers, so you can pick the cheapest route. Choosing a specialist does not mean closing your account at Bank of Industry and Mine – you pay the provider from your own account.

Choosing between the 46 SWIFT codes of Bank of Industry and Mine

Bank of Industry and Mine uses 46 separate SWIFT/BIC codes across 33 locations. One of them is the head office code, BOIMIRTHXXX; the rest belong to branches or departments.

For most payments to a private or business account, the head office code BOIMIRTHXXX is what you need. Only use a branch code when the account holder gives you that exact code.

The best way is to copy the code directly from the account holder’s invoice. Branch codes are more likely to change than the head office code.

Getting paid from abroad into a Bank of Industry and Mine account

When you are waiting for a payment from another country, give the sender all details at once. That means: your name as registered with Bank of Industry and Mine, your account number or IBAN, the SWIFT/BIC code BOIMIRTHXXX and usually your address.

Some sending banks want the name and address of Bank of Industry and Mine. A typo in your account number can be harder to fix than it looks; copy them from your banking app rather than typing.

What lands in your account is often lower than what was sent. Fees for incoming transfers vary per bank – the price list of Bank of Industry and Mine tells you what applies. Make clear with the sender who pays which costs, especially for larger amounts.

What the XXX in BOIMIRTHXXX means

The layout of a BIC is always the same: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. For Bank of Industry and Mine, that core is BOIMIRTH.

Many payment forms accept either length. If yours asks for eleven characters, use BOIMIRTHXXX.

Type the code in one piece, in capitals and without spaces. A wrong letter may route a payment to another bank, so check it twice.

Protect yourself against fake payment requests

Stay alert when a contact suddenly asks you to send money to a different account. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Check new payment details via a separate channel like a call to a number from an earlier contract. Watch out for time pressure, odd spelling or a sender address that is slightly off. If money was sent to a fraudster, contact your bank immediately.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to send back the difference abroad. A payment confirmation from the sender proves nothing – check your own account.