Bank Refah Kargaran SWIFT/BIC code

REFAIRTH – the SWIFT/BIC code of Bank Refah Kargaran

The short code REFAIRTH and the 11-character code REFAIRTHXXX refer to one and the same institution: Bank Refah Kargaran in Tehran, Iran. Every bank on the SWIFT network uses these codes to route payments between countries to the correct institution. It comes up mainly for payments that cross a border or a currency.

On this page we explain how the code is put together, when you need it and what else a transfer to or from Bank Refah Kargaran requires. The BIC names a bank or branch, never a single account; the IBAN or account number does that.

How long does an international transfer to Bank Refah Kargaran take?

How quickly a payment arrives at Bank Refah Kargaran is determined by a few things: which currency you send, the number of banks in between, daily processing deadlines and time zones. Weekends and public holidays in the sending or receiving country add extra days. Extra checks by one of the banks can also cause a delay.

A growing number of banks are connected to SWIFT gpi. Every gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Save your transfer receipt until the recipient confirms.

Only the sending bank can request a trace or a recall; the receiving side usually has nothing to trace yet. On the receiving end, it helps to check your statements for a slightly lower amount.

Paying someone abroad from your Bank Refah Kargaran account

An international bank payment costs rather more than the fee suggests. Besides the transfer fee, correspondent or intermediary banks can take a cut, and when the money changes currency the bank usually applies a rate that is less favourable than the actual market rate.

Banks do not list their exchange rate markup as a cost, but you pay it all the same. An easy check: set the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of currency pairs, a specialist provider is cheaper than a bank – mostly thanks to the rate. Before your next transfer, it is worth to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. You can always use your account at Bank Refah Kargaran.

About this information

Our SWIFT/BIC directory draws on publicly available sources and is updated regularly. It can happen that information on this page is no longer current, for example after a merger. The number of codes on this page reflect our own data and not on information from Bank Refah Kargaran itself.

Treat our directory here as a helpful check and rely on the recipient or Bank Refah Kargaran for the final confirmation. GoldexPay is an independent comparison service for money transfers and not affiliated with Bank Refah Kargaran. Found outdated information? Let us know through the contact page and we will look into it.

Protect yourself against fake payment requests

Scammers regularly use fake invoices containing new bank details, sometimes in an email that looks completely genuine. The fact that REFAIRTH exists is no guarantee that the account is genuine.

Do not trust contact details from the same email that contains the change. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. When money has already gone to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

People receiving money can be targeted as well: a classic trick is an overpayment followed by a request to send back the difference to another account. Wait until the money is actually in your account.

Choosing between the 54 SWIFT codes of Bank Refah Kargaran

With 54 codes, Bank Refah Kargaran belongs to the banks that register individual codes for branches. The head office code remains REFAIRTHXXX.

In most cases there is no need to look up a branch: transfers addressed to REFAIRTHXXX reach Bank Refah Kargaran correctly. Just use a branch code when the account holder gives you that exact code.

The best way is to take the code straight from the account holder’s invoice. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

REFAIRTH or REFAIRTHXXX – which one to use?

A BIC is made up of fixed blocks: the first four letters identify the bank, the next two give the country and characters seven and eight indicate the location. Together, those parts form REFAIRTH.

XXX at the end of REFAIRTHXXX is not a placeholder or a mistake: it indicates the head office of Bank Refah Kargaran. Certain payment forms ask for 11 characters, and then you simply enter XXX behind REFAIRTH.

Do not add spaces or dashes when you type REFAIRTH; the code is always written in one block. Pasting the code is safer than typing it by hand.

Verifying the SWIFT code of Bank Refah Kargaran

The most reliable place for the right code remains a document from the bank itself, such as a statement or the account details in online banking. When the code you were given does not match REFAIRTH or REFAIRTHXXX, stop and ask: check with the recipient or with Bank Refah Kargaran directly.

An incorrect BIC may lead to a delay, a returned payment or extra fees for investigation. An error in the account number is more serious because it can reach the wrong person, so check that just as carefully.

Many banking apps check the structure of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a payee name check before sending adds an extra layer of safety. When you pay someone new, many people start with a small test amount before sending the rest.

Receiving money from abroad at Bank Refah Kargaran

For an international payment into your account at Bank Refah Kargaran, the person paying you has to have not just the SWIFT code. That means: your full name as registered with Bank Refah Kargaran, your IBAN or account number, the SWIFT/BIC code REFAIRTHXXX and, often, your address.

You can add Bank Refah Kargaran and its city as well. A mistake in the IBAN can be harder to fix than it looks, so copy the details from your online banking.

Do not be surprised if the amount credited is below what the sender paid. Correspondent banks can take a fee, and if the currency changes, a markup on the rate comes on top. Agree with the sender who pays which costs before the money is sent.