Bank ICBC (JSC) SWIFT/BIC code

Bank ICBC (JSC) SWIFT code: ICBKRUMM

If an invoice shows ICBKRUMM or ICBKRUMMXXX, it is the identical address for Bank ICBC (JSC) in Russia. A SWIFT code shows every bank in the chain exactly which bank should receive the money, a bit like a postal address for banks. In daily life you mostly see it on international invoices, in payment forms and on the account details that Bank ICBC (JSC) provides.

Below you will find the practical questions: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you confirm a payment. Remember that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

Why Bank ICBC (JSC) has an 8- and an 11-character code

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

Many payment forms accept both lengths. If yours asks for eleven characters, enter ICBKRUMMXXX, otherwise ICBKRUMM is fine.

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

Before you send: check the Bank ICBC (JSC) code

The safest source for the BIC is the bank details provided by the recipient. Compare it against ICBKRUMM on this page and ask if anything does not match.

Errors in the BIC are costly rather than disastrous: often the payment comes back, minus fees. An error in the account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

A format check in your banking app only tells you that the code is valid – not that it belongs to the person you mean to pay. More and more banks compare the payee name against the account – do not ignore a mismatch warning. A small test payment is worth it for large sums.

How up to date is this code?

The codes here come from publicly available data. It can happen that a code on this page is out of date after a merger or reorganisation. The figures on this page are based on what is in our directory.

Treat our data as a reference, rather than as the last word – the bank details from the recipient are leading. GoldexPay is not affiliated with Bank ICBC (JSC). Spotted an error? Let us know via our contact form.

Incoming international payments to Bank ICBC (JSC)

When you expect money from abroad, send the payer a complete set of details. That means: your name as registered with Bank ICBC (JSC), your account number or IBAN, the SWIFT/BIC code ICBKRUMMXXX and, often, your postal address.

You can add the bank name and its city too, since some forms ask for it. A typo in the IBAN can be harder to fix than it looks, so copy the details from your online banking.

Money from abroad will not always arrive in full. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. For business payments, it is common to state how the fees are split to avoid a shortfall.

Bank ICBC (JSC): head office code versus branch codes

Our directory lists 2 SWIFT/BIC codes for Bank ICBC (JSC) in 1 cities. Next to the head office code ICBKRUMMXXX, you will find codes for individual branches and departments.

In most cases there is no need to pick a branch: transfers sent to ICBKRUMMXXX are routed within Bank ICBC (JSC) without problems. Just use a branch code when your contact explicitly asks for it.

The best way is to copy the code directly from the recipient’s bank details. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Paying someone abroad from your Bank ICBC (JSC) account

The price of an international transfer has more than one component. You pay the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, most importantly, the exchange rate markup when the money is converted.

The markup on the rate is often the largest item, and it is easy to miss. Compare their rate against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Money transfer services frequently offer a rate near the mid-market rate. GoldexPay compares the amount that arrives across services, which makes the cheapest option easy to spot. Using a transfer service does not mean leaving Bank ICBC (JSC): you simply pay the service from your account.

Watch out for payment fraud

Criminals regularly use payment requests with changed bank details sent from what looks like a familiar address. That ICBKRUMM is a real code does not mean that the account is legitimate.

Never trust a phone number from the same email that announces the change. Urgency and requests to keep it quiet are warning signs – a real supplier can wait a day. When money was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

Scams also work the other way: someone sends more than agreed and wants you to refund the difference via a different route. Do not act before the money is actually in your account and check with Bank ICBC (JSC) if anything seems off.

How long does an international transfer to Bank ICBC (JSC) take?

How fast a transfer arrives at Bank ICBC (JSC) depends on a few things: the currency, the number of banks in between, cut-off times and time zones. Transfers sent after the cut-off time or on a weekend or public holiday often go out a business day later. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

Many banks are connected to SWIFT gpi. Every payment carries a unique reference, the UETR. Save the payment confirmation until the recipient confirms.

The bank that sent the money can request a trace or a recall; the receiving side usually has nothing to trace yet. As a recipient, you can look at your account for a slightly lower amount, since fees may have been deducted.