Sbm Bank(Mauritius)LTD SWIFT/BIC code

Sbm Bank(Mauritius)LTD SWIFT code: STCBMUMU

The 8-character code STCBMUMU and the 11-character code STCBMUMUXXX refer to the same bank: Sbm Bank(Mauritius)LTD, with its head office in Port Louis. A BIC does one job: it makes sure that a cross-border transfer reaches the right bank. In practice you usually come across it on invoices from abroad, in your banking app and on the account details that Sbm Bank(Mauritius)LTD provides.

Further down you will find the practical side: receiving money at Sbm Bank(Mauritius)LTD, sending money abroad and how to check the code before you hit send. The BIC identifies an institution, not a specific account; the IBAN or account number does that.

Head office or branch code at Sbm Bank(Mauritius)LTD?

Having 2 codes, Sbm Bank(Mauritius)LTD is one of the banks that register separate codes for parts of the organisation and departments. The main code remains STCBMUMUXXX.

For the vast majority of payments to a private or business account, the head office code STCBMUMUXXX is the right choice. If you have been given a branch code, stick to it rather than replacing it for the head office code.

The safest route is to copy the code straight from the recipient’s statement. Codes can change when banks reorganise.

8 or 11 characters: STCBMUMU versus STCBMUMUXXX

The structure of a BIC never changes: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. Combined, these eight characters form STCBMUMU – the version you usually see online.

The long version adds a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office, which is why STCBMUMUXXX and STCBMUMU lead to the same place.

Do not add spaces or dashes when you enter STCBMUMU. Look out for O versus 0 or the letter I and the digit 1; they are easy to mix up.

Changed bank details? Be careful

Fraudsters regularly use fake invoices containing changed bank details sent from what looks like a familiar address. A valid SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Check changed bank details through a separate channel. Watch out for time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Contact the bank you paid from without delay and ask them to start a recall and report the fraud.

Scams also work the other way. Someone sends more than agreed and wants you to refund the difference via a different route. A screenshot of a transfer is no proof.

What to give a sender who pays you at Sbm Bank(Mauritius)LTD

A sender in another country will ask for a few details about your account, and missing ones are a common cause of delays. That means: your full name as registered with Sbm Bank(Mauritius)LTD, your account number or IBAN, the SWIFT/BIC code STCBMUMUXXX (or STCBMUMU) and usually your address.

The sender’s bank might also ask for the bank address of Sbm Bank(Mauritius)LTD, in which case the Port Louis head office is the usual answer. Check each detail before you share them.

Expect that the amount credited is below what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. Make clear with the sender who covers the fees, especially for larger amounts.

How to check STCBMUMU before you pay

The most reliable place for the right code is paperwork issued by the bank. Compare it with STCBMUMU here.

Mistakes in the SWIFT code are costly more than disastrous. Remember the IBAN: a mistake there can be more difficult to correct than a wrong BIC.

Many banking apps check the structure of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. If your bank offers it, a name check on the recipient adds an extra layer of safety. For a first payment, some people send a small test amount.

When will the money arrive at Sbm Bank(Mauritius)LTD?

How fast a transfer arrives at Sbm Bank(Mauritius)LTD is determined by several factors: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Transfers sent after the cut-off time or just before weekends and holidays usually start the next business day. Occasionally a bank asks what the payment is for, which can hold things up.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique reference, the UETR. Save the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

If the money does not arrive within the expected time, the sender needs to start with their own bank, not the receiving bank. As a recipient, you can check your account for a slightly lower amount, since fees may have been deducted.

Where our SWIFT data comes from

The directory on GoldexPay draws on public sources. Even so, banks merge, rename themselves or retire codes, so information can be out of date. Figures such as the number of codes are from our own dataset.

Treat the information on this page as a helpful check. GoldexPay is not affiliated with Sbm Bank(Mauritius)LTD. Spotted an error? Let us know through the contact page.

International transfers from Sbm Bank(Mauritius)LTD: the real cost

The price of an international transfer is made up of more than one component. On top of the transfer fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted the bank usually applies a rate that is less favourable than the real market rate.

Many banks do not show their exchange rate markup as a cost, but you pay it all the same. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites.

For a lot of routes, a transfer service is cheaper than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, take a minute comparing what arrives via GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Sbm Bank(Mauritius)LTD to fund the transfer; only the conversion and sending happen elsewhere.