Myanma Investment and Commercial Bank SWIFT/BIC code

Myanma Investment and Commercial Bank SWIFT code: MICBMMMY

The 8-character code MICBMMMY and the full code MICBMMMYXXX identify one and the same institution: Myanma Investment and Commercial Bank in Yangon, Myanmar (Burma). A SWIFT code shows the banks handling a payment which institution is meant to get the money, much like a postcode for banks. You will need it mostly when dealing with transfers between countries.

On this page you will find how the code is put together, when it matters and which other details a transfer to or from Myanma Investment and Commercial Bank requires. Keep in mind that the BIC only identifies the bank, not the person: the IBAN or account number takes care of that.

About this information

The details on this page are taken from publicly available data which we refresh regularly. Banks reorganise, close branches and change codes – a directory can be a step behind. Figures such as the number of codes come from our directory.

Before any payment of any size, confirm the code with the recipient’s bank or the recipient. GoldexPay is not affiliated with Myanma Investment and Commercial Bank; we are a comparison site for money transfers. Spotted an error? Tell us through the contact page so we can correct it.

Paying someone abroad from your Myanma Investment and Commercial Bank account

A bank transfer abroad costs more than the listed fee. Besides a fixed fee, correspondent or intermediary banks can take a cut, and when the money changes currency, the bank usually applies a rate below the real market rate.

That exchange rate margin tends to be the largest item even though it is not listed as a fee. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider is cheaper than a traditional bank transfer. GoldexPay lists transfer providers next to each other so you can see what actually arrives for the same amount sent. Using a transfer service does not mean leaving Myanma Investment and Commercial Bank – you pay the provider from your own account.

MICBMMMY or MICBMMMYXXX – which one to use?

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. The result is MICBMMMY, the short form of the code.

The full version adds a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office.

Leave out spaces when you type MICBMMMY; the code is always written in one block. Copying the code is safer than typing it by hand: a typo can point to another bank.

Scams that use SWIFT codes

Criminals regularly use payment requests containing changed bank details. A valid SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Before paying, confirm a change of bank details by phone, using a number you already had. Pressure or requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. Already paid? Call the bank you paid from straight away and have them start a recall; also report it to the police.

Scams also work the other way: someone sends more than agreed and asks you to return the difference. Do not act before the money has really arrived – ask Myanma Investment and Commercial Bank if something looks wrong.

What to give a sender who pays you at Myanma Investment and Commercial Bank

To receive a transfer from abroad into your account at Myanma Investment and Commercial Bank, the sender has to have not just the SWIFT code. Give them the account holder’s name, the IBAN or account number, the BIC MICBMMMYXXX and your address, which some banks require.

You can add the bank name and Yangon as well. A mistake in your account number is harder to fix than you might think, so copy the details from your online banking.

An incoming payment does not always land in full. Charges on incoming payments vary from bank to bank – the price list of Myanma Investment and Commercial Bank tells you what applies. For business payments, it is common to agree how the fees are split to avoid a shortfall.

Verifying the SWIFT code of Myanma Investment and Commercial Bank

The most reliable source for a SWIFT code is the recipient’s own bank details. If the code you have differs from MICBMMMY or MICBMMMYXXX, do not guess.

If the code is wrong, the payment may get stuck, bounce back or cost extra, and tracing it can take weeks. Remember the account number: an error there can be harder to undo than a wrong code.

Most online banking apps check the structure of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. More and more banks compare the name against the account before you confirm – do not ignore a mismatch warning. For a first payment, many people start with a small test amount before sending the rest.

Tracking a transfer to or from Myanma Investment and Commercial Bank

An international transfer usually takes one to a few business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country can add a day or more to the journey. Occasionally a bank wants to know what the payment is for.

If a transfer seems late, contact your bank for the status and the transaction reference. Save your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

If a payment has not arrived after a few business days, the person who paid should start with the bank that sent it, not the receiving bank. As a recipient, it helps to check your statements to see a slightly lower amount because fees can reduce the amount.

Head office or branch code at Myanma Investment and Commercial Bank?

Our database contains 2 SWIFT/BIC codes for Myanma Investment and Commercial Bank in 1 places. Besides the head office code MICBMMMYXXX, there are codes for individual branches and departments.

Usually you do not need to pick a branch: payments addressed to MICBMMMYXXX reach Myanma Investment and Commercial Bank correctly. Only use a branch code when the recipient explicitly asks for it.

Unsure which code to use? Check with the recipient. Branch codes are sometimes changed or retired over time.