Banque Centrale de Madagascar SWIFT/BIC code

REPUMGMG – the SWIFT/BIC code of Banque Centrale de Madagascar

The short code REPUMGMG and the full code REPUMGMGXXX identify the same bank: Banque Centrale de Madagascar. Banks worldwide use BIC codes to route payments between countries to the correct institution. In practice you usually see it on invoices from abroad, in payment forms and on the account details that Banque Centrale de Madagascar provides.

On this page you can read how the code is put together, when you need it and which other details a transfer to or from Banque Centrale de Madagascar requires. A SWIFT code identifies a bank or branch, never a single account; the IBAN or account number does that.

How up to date is this code?

This directory is compiled from public sources. It can happen that information on this page is no longer current, for example after a merger. The number of codes we show are based on what is in our directory and not on information from Banque Centrale de Madagascar itself.

See our directory on this page as a handy check. We are a comparison service for money transfers and not affiliated with Banque Centrale de Madagascar. Should you notice something that is out of date, we welcome a message.

When will the money arrive at Banque Centrale de Madagascar?

How fast a transfer arrives at Banque Centrale de Madagascar is determined by a few things: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Weekends and public holidays in either country add extra days. Compliance checks on larger or unusual payments can also cause a delay, even when all details are correct.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each payment carries a unique transaction reference, the UETR. Specialist transfer services usually provide a status online so you can see how far the money has got.

If the money does not arrive after a few business days, the sender needs to start with the bank that sent it, not the receiving bank. As a recipient, it helps to check your account to see a partial amount.

Protect yourself against fake payment requests

Fraudsters regularly send payment requests containing new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Always verify changed bank details by phone, using a number you already had. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. If a payment has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to refund the difference to another account. Wait until the money has really arrived.

Why Banque Centrale de Madagascar has an 8- and an 11-character code

Every SWIFT/BIC code has an 8-character core: four letters for the bank, two letters for the country and a two-character location code. For Banque Centrale de Madagascar, that core is REPUMGMG.

XXX at the end of REPUMGMGXXX does not stand for a placeholder or an error: it indicates the main office of Banque Centrale de Madagascar. Some banking apps ask for 11 characters, and then you can enter XXX behind REPUMGMG.

In practice the code is typed in capitals and without spaces. A wrong letter may route the money to a different institution, so check it twice.

Which of the 2 codes of Banque Centrale de Madagascar do you need?

Having 2 codes in 1 locations, Banque Centrale de Madagascar is one of the banks that register separate codes for branches and departments. The head office code remains REPUMGMGXXX.

For the vast majority of incoming transfers, the head office code REPUMGMGXXX is the right choice. Just use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

The safest route is to copy the code straight from the recipient’s bank details. Branch codes are more likely to be retired than the head office code.

Incoming international payments to Banque Centrale de Madagascar

When you expect a payment from another country, send the payer a complete set of details. Give them your name as the bank knows it, your account number or IBAN, SWIFT code REPUMGMGXXX and your address, which some banks require.

You can add Banque Centrale de Madagascar and Antananarivo too, since some forms ask for it. A typo in the IBAN can be harder to fix than you might think.

Money from abroad will not always arrive in full. Fees for incoming transfers differ per bank. Make clear with the sender who covers the fees before the money is sent.

How to check REPUMGMG before you pay

The most reliable source for the BIC is the recipient’s own bank details. Check it with REPUMGMG here and ask if anything does not match.

If the code is wrong, the transfer might be delayed, be returned or end up costing more. Do not forget the IBAN: a mistake there can be more difficult to correct than a wrong BIC.

Many banking apps check the format of an IBAN, but that does not prove the account belongs to the right person. Some banks now compare the name with the account; take any warning seriously. Sending a small amount first can be worth it for large sums, even if it costs an extra fee.

International transfers from Banque Centrale de Madagascar: the real cost

The price of an international transfer has more than one component – not just the fee on your screen. On top of the transfer fee, banks in between may take a cut, and if currencies are converted, the bank usually uses a rate that is less favourable than the actual market rate.

Many banks rarely show their exchange rate markup as a cost, but you pay it all the same. Check the rate you are offered against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For a lot of currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer. GoldexPay lists transfer providers side by side so you can see what actually arrives. Choosing a specialist does not require leaving Banque Centrale de Madagascar: you simply pay the service from your account.