Mega International Commercial Bank Co., LTD. SWIFT/BIC code

Mega International Commercial Bank Co., LTD. SWIFT code: ICBCPAPA

ICBCPAPA and ICBCPAPAXXX are two spellings of the same SWIFT/BIC code, and both lead to Mega International Commercial Bank Co., LTD. in Panama. A SWIFT code shows the sending bank exactly which bank is meant to get the money, a bit like a postal address for banks. In daily life you usually come across it on international invoices, in your banking app and in the bank details that Mega International Commercial Bank Co., LTD. provides.

Further down you will find the practical side: receiving money at Mega International Commercial Bank Co., LTD., sending money abroad and how to verify the code before you hit send. The BIC names an institution, not a single account; the IBAN or account number does that.

Mega International Commercial Bank Co., LTD.: head office code versus branch codes

Mega International Commercial Bank Co., LTD. uses 2 different SWIFT/BIC codes across 1 locations. One of them is the head office code; the others identify branches, and sometimes internal departments.

Usually you do not need to pick a branch: transfers sent to ICBCPAPAXXX reach Mega International Commercial Bank Co., LTD. correctly. If you have been given a branch code, stick to it instead of swapping it for the head office code.

Not sure which code applies? Ask the recipient or the bank itself. Codes for branches are more prone to change than the head office code when a bank merges or closes offices.

When will the money arrive at Mega International Commercial Bank Co., LTD.?

There is no single answer for international payments: many land within a day, others take several business days. Bank holidays in the sending or receiving country can add extra days, since banks do not process on those days. Extra checks on larger or unusual payments may also add some delay, even when all details are correct.

A growing number of banks use SWIFT gpi. Each gpi transfer gets a unique transaction reference, the UETR. Money transfer services often show a status online showing where the money is.

The bank that sent the money can request a trace; the receiving side usually has nothing to trace yet. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Getting paid from abroad into a Mega International Commercial Bank Co., LTD. account

When you are waiting for a payment from another country, give the sender everything they need in one go. What they need is: your name, IBAN or account number, ICBCPAPAXXX and often your home address.

It helps to include Mega International Commercial Bank Co., LTD. and its city as well, since some forms ask for it. A typo in the IBAN is more trouble than it looks; copy them from your banking app rather than typing.

Expect that the amount credited is below what the sender paid. Correspondent banks can take a fee, Mega International Commercial Bank Co., LTD. may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. For business payments, it is common to agree who bears the costs, so that nobody is left short.

Why Mega International Commercial Bank Co., LTD. has an 8- and an 11-character code

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, characters five and six give the country and the two after that indicate the location. The result is ICBCPAPA, the short form of the code.

Most banks and apps accept both lengths. If yours asks for eleven characters, enter ICBCPAPAXXX, otherwise ICBCPAPA is fine.

Leave out spaces, dots when you type ICBCPAPA. Look out for O versus 0 or I versus 1; they are easy to mix up.

Protect yourself against fake payment requests

Fraudsters often send fake invoices with new bank details sent from what looks like a familiar address. That ICBCPAPA is a real code is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Before paying, confirm a change of bank details through a phone call. Pressure or requests to keep it quiet are red flags – a real supplier can wait a day. Already paid? Contact the bank you paid from straight away and have them start a recall and report the fraud.

Scams also target the receiver: someone claims to have sent too much and asks you to refund the extra via a different route. Do not act before the money has really arrived – ask Mega International Commercial Bank Co., LTD. if something looks wrong.

A note on our data

The codes here are taken from publicly available data. It is possible that information on this page is out of date after a merger or reorganisation. Counts and locations are from our own dataset and may differ from what Mega International Commercial Bank Co., LTD. publishes.

For a payment that matters, always check the BIC with Mega International Commercial Bank Co., LTD. or the recipient. GoldexPay is independent of Mega International Commercial Bank Co., LTD., we only compare transfer services. Found outdated information? Tell us via our contact form.

Before you send: check the Mega International Commercial Bank Co., LTD. code

The most reliable place for the right code is paperwork issued by the bank, such as a statement or the account details in online banking. When the code you were given differs from ICBCPAPA or ICBCPAPAXXX, do not guess: check with the recipient or with Mega International Commercial Bank Co., LTD. directly.

Errors in the BIC tend to be costly more than fatal – usually the money comes back, minus fees and time lost. Remember the account number: a mistake there can be more difficult to undo than a wrong BIC.

A format check by your bank only tells you that the IBAN exists. Where available, a name check before sending gives an extra layer of safety. A small test payment can be a sensible step for large sums despite the extra fee.

Paying someone abroad from your Mega International Commercial Bank Co., LTD. account

A bank transfer abroad can cost more than the listed fee. Besides a fixed fee, correspondent or intermediary banks can take a cut, and if the money changes currency, the bank often uses a rate that is less favourable than the actual market rate.

That exchange rate margin tends to be the largest item, and it is easy to miss. Check their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of routes, a transfer service is less expensive than a bank – mostly thanks to the rate. Before your next transfer, take a minute comparing the total cost on GoldexPay instead of going straight to your bank. You can still use your account at Mega International Commercial Bank Co., LTD. to fund the transfer; only the conversion and sending happen elsewhere.