Bank of Region Development SWIFT/BIC code

Bank of Region Development SWIFT code: REDVRU21

REDVRU21 and REDVRU21XXX are two spellings of the same SWIFT/BIC code, and both point to Bank of Region Development in Moscow. A SWIFT code tells the banks handling a payment exactly which bank should receive the money, a bit like a postal address for banks. It comes up mostly when dealing with payments that cross a border.

We wrote this page to help people who pays into an account at Bank of Region Development and wants to get the details right. The SWIFT code on its own does not identify an individual account holder; that is what the IBAN or account number .

How long does an international transfer to Bank of Region Development take?

How quickly a transfer reaches Bank of Region Development depends on a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Payments made late in the day or on a weekend or public holiday often start the next business day. Extra checks by one of the banks may also add a delay, even when all details are correct.

When a payment takes longer than expected, contact your bank about the tracking status and the transaction reference. Keep your transfer receipt until the recipient confirms.

If a payment has not arrived within the expected time, the person who paid should start with their own bank. On the receiving end, you can check your account to see a slightly lower amount, since fees may have been deducted.

Protect yourself against fake payment requests

Stay wary when someone unexpectedly wants you to send money to another account or a bank in another country. The fact that REDVRU21 exists is no guarantee that a request mentioning it is legitimate.

Always confirm a change of bank details through a phone call. Pressure or requests to keep it quiet tend to be red flags. Acted too fast? Call your bank without delay and have them try to recall the payment; also report it to the police.

People receiving money can be targeted as well: one known trick is a buyer who pays too much followed by a request to refund the difference. Wait until the money is actually in your account.

Which of the 2 codes of Bank of Region Development do you need?

Our directory lists 2 SWIFT/BIC codes for Bank of Region Development, spread over 2 locations. Next to the head office code REDVRU21XXX, there are codes for individual branches and departments.

For the vast majority of payments to a private or business account, the head office code REDVRU21XXX is the right choice. A branch code only makes sense when the recipient’s bank explicitly mentions it.

The best way is to copy the code straight from the account holder’s invoice. Codes for branches are more likely to change than REDVRU21XXX.

Getting paid from abroad into a Bank of Region Development account

When you expect money from abroad, send the payer a complete set of details. Give them the account holder’s name, the IBAN or account number, SWIFT code REDVRU21XXX and your address, which some banks require.

You can add the bank name and Moscow too, because some payment forms have separate fields for them. Double-check every detail before you share them.

Money from abroad does not always land for the full amount. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. Make clear with the sender who covers the fees before the money is sent.

How up to date is this code?

This directory is based on public sources. Banks merge, close branches and retire codes – a directory can be a step behind. Counts and locations come from our directory.

Treat the information on this page as a helpful check. GoldexPay has no connection to Bank of Region Development; we are a comparison site for money transfers. Found an error? Tell us through the contact page so we can correct it.

What the XXX in REDVRU21XXX means

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. The result is REDVRU21.

XXX at the end of REDVRU21XXX is not a placeholder or an error: it stands for the head office of Bank of Region Development. Certain payment forms ask for 11 characters, in which case you simply add XXX behind REDVRU21.

Leave out spaces when you type REDVRU21; the code is always written in one block. Copying the code is safer than retyping it: a typo can point to another bank.

Sending money abroad from Bank of Region Development

What you pay for a payment abroad has more than one component, and the transfer fee is only the most visible one. On top of the transfer fee, banks in between may deduct a fee, and if the money changes currency the bank usually applies a rate below the real market rate.

Many banks rarely show the margin on the rate as a cost – you only notice it if you compare. An easy check: set the rate you get against the mid-market rate and work out the difference on your amount.

Money transfer services frequently use a rate near the mid-market rate and lower fees. GoldexPay compares these services side by side so you can see what actually arrives. Choosing a specialist does not require closing your account at Bank of Region Development: you simply pay the service from your account.

How to check REDVRU21 before you pay

Have the recipient copy their account details directly from their banking app. When the code you were given differs from REDVRU21 or REDVRU21XXX, do not guess – contact the recipient or Bank of Region Development.

If the code is wrong, the transfer might be delayed, be returned or end up costing more, and tracing it can take weeks. A mistake in the account number can be more serious, so check that just as carefully.

Most online banking apps check the structure of IBANs, but that does not prove the account belongs to the right person. If your bank offers it, a name check on the recipient adds extra certainty. A small test payment can be a sensible step for a large first payment.