State General Reserve Fund - Ministry of Finance SWIFT/BIC code

SGRFOMR1 – the SWIFT/BIC code of State General Reserve Fund - Ministry of Finance

SGRFOMR1 and SGRFOMR1XXX are two ways of writing the same SWIFT/BIC code, and both lead to State General Reserve Fund - Ministry of Finance in Muscat. A SWIFT code shows the banks handling a payment exactly which bank should receive the money. In daily life you mostly see the code on invoices from abroad, in your banking app and on the account details of State General Reserve Fund - Ministry of Finance customers.

On this page you will find what the code is put together, when it matters and which other details a transfer to or from State General Reserve Fund - Ministry of Finance requires. The SWIFT code on its own does not identify an individual account holder; that is what the account number or IBAN .

Watch out for payment fraud

One of the most common tricks works like this: an email arrives with a request saying that a company now has new bank details. That SGRFOMR1 is a real code does not mean that a request mentioning it is genuine; criminals use the codes of real banks too.

Do not rely on contact details in the same message that announces the new account. Urgency or secrecy tend to be warning signs. If money was sent to the wrong account, contact your bank immediately.

Recipients are targeted too: a classic trick is a buyer who pays too much followed by a request to send back the difference. A screenshot of a transfer proves nothing – check your own account.

About this information

We gather SWIFT/BIC codes using public sources and update our list regularly. It is possible that information on this page is out of date. The figures on this page reflect our own data and not on information from State General Reserve Fund - Ministry of Finance itself.

Before a payment of any size, confirm the BIC with the recipient’s bank or the recipient. GoldexPay is not affiliated with State General Reserve Fund - Ministry of Finance; we are a comparison site for money transfers. Spotted an error? Tell us via our contact form.

Verifying the SWIFT code of State General Reserve Fund - Ministry of Finance

The safest source for the BIC is the recipient’s own bank details. Compare it with SGRFOMR1 on this page; if they differ, ask before you pay.

A wrong SWIFT code may lead to delays, a payment being sent back or extra fees along the way. Do not forget the account number: an error there is harder to correct than a wrong BIC.

Many banking apps validate the structure of IBANs – that confirms the format, not the owner. Where available, a name check on the recipient gives extra certainty. For a first payment, many people start with a small test amount and wait for confirmation.

Choosing between the 2 SWIFT codes of State General Reserve Fund - Ministry of Finance

Having 2 codes in 1 cities, State General Reserve Fund - Ministry of Finance is one of the banks that use separate codes for parts of the organisation. The main code remains SGRFOMR1XXX.

In most cases there is no need to look up a branch: transfers sent to SGRFOMR1XXX reach State General Reserve Fund - Ministry of Finance without problems. Only use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code to use? Check with the recipient, or look at a recent statement from State General Reserve Fund - Ministry of Finance. Codes are sometimes changed or retired when banks reorganise.

How long does an international transfer to State General Reserve Fund - Ministry of Finance take?

How quickly a transfer arrives at State General Reserve Fund - Ministry of Finance depends on several factors: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Transfers sent late in the day or just before a weekend or public holiday often go out the next business day. Extra checks on larger or unusual payments can also add a delay.

If the money is delayed, ask the sending bank about the tracking status so they can trace it along the chain. Keep the payment confirmation.

A delayed transfer is traced from the sending side. Request from the sender the payment receipt with the date and reference.

What the XXX in SGRFOMR1XXX means

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. That gives you SGRFOMR1.

Most banks and apps work with both lengths. If yours asks for eleven characters, use SGRFOMR1XXX; if it wants eight, use SGRFOMR1.

Type the code as one block, in capitals and without spaces, exactly as shown here. Look out for O versus 0 and the letter I and the digit 1; they are easy to mix up.

What a transfer from State General Reserve Fund - Ministry of Finance abroad really costs

A bank transfer abroad costs rather more than the fee suggests. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, most importantly, the exchange rate markup when the money is converted.

That exchange rate margin is often the biggest item. Compare their rate with the mid-market rate.

For many currency pairs, a specialist provider is cheaper than a traditional bank transfer, mainly because of the exchange rate. On GoldexPay we compare what recipients receive across providers, which makes the cheapest option easy to spot. Choosing a specialist does not mean closing your account at State General Reserve Fund - Ministry of Finance: you simply pay the service from your account.

What to give a sender who pays you at State General Reserve Fund - Ministry of Finance

To receive a transfer from abroad at State General Reserve Fund - Ministry of Finance, the sender needs more than the SWIFT code. What they need is: the account holder’s name, IBAN or account number, SGRFOMR1XXX or SGRFOMR1 and in many cases your home address.

Some banks also ask for the name and address of State General Reserve Fund - Ministry of Finance in Muscat, so keep it at hand. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment will not always land in full. Fees for incoming transfers vary from bank to bank; check the price list of State General Reserve Fund - Ministry of Finance. Agree with the sender who covers the fees, especially for larger amounts.