Corporate Finance Bank SWIFT/BIC code

What FABARUMM means for a payment to Corporate Finance Bank

The 8-character code FABARUMM and the full code FABARUMMXXX refer to the same bank: Corporate Finance Bank in Moscow, Russia. A SWIFT code tells the sending bank which institution should receive the money. You will need it mostly when dealing with payments that cross a border and payments in foreign currencies.

On this page we explain how the code is put together, when it matters and what else a transfer to or from Corporate Finance Bank requires. The SWIFT code on its own does not identify a personal account; that is what the account number or IBAN is for.

FABARUMM or FABARUMMXXX – which one to use?

A SWIFT code is built from fixed blocks: the first four letters identify the bank, characters five and six give the country and characters seven and eight indicate the location. For Corporate Finance Bank, the 8-character core is FABARUMM.

XXX at the end of FABARUMMXXX does not stand for a placeholder or a mistake: it stands for the main office of Corporate Finance Bank. Some forms insist on 11 characters, in which case you can enter XXX behind FABARUMM.

As a rule the code is typed in capitals. Copying the code beats retyping it, because one wrong letter changes the bank.

Sending money abroad from Corporate Finance Bank

The price of a payment abroad is made up of more than one component – not just the fee on your screen. You pay the fee for the transfer itself, possibly charges from correspondent banks along the way and, most importantly, the exchange rate markup if the currency changes.

That exchange rate margin is often the biggest cost, and it is easy to miss. An easy check: set the bank’s rate against the mid-market rate and look at the difference.

For a lot of routes, a transfer service turns out to be cheaper than a traditional bank transfer. GoldexPay compares transfer providers next to each other, showing what actually arrives before you commit. You can still use your account at Corporate Finance Bank; only the conversion and sending happen elsewhere.

Verifying the SWIFT code of Corporate Finance Bank

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

If the code is wrong, the payment may be delayed, be returned or end up costing more, and tracing it can take weeks. An error in the IBAN or account number is a bigger problem; check it just as carefully.

An automatic check by your bank only tells you that the code is valid, not that it is the right account. Where available, a payee name check on the recipient adds extra certainty. When you pay someone new, some people send a small amount first before sending the rest.

Incoming international payments to Corporate Finance Bank

When you expect a payment from another country, send the payer everything they need in one go. In practice that means: your name exactly as it appears on the account, your IBAN or account number, the BIC FABARUMMXXX (or FABARUMM) and, often, your postal address.

Some banks also ask for the bank’s address; it does no harm to include it. Double-check each detail before you send them.

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

When will the money arrive at Corporate Finance Bank?

An international transfer typically takes one to a few business days, depending on the currency, the route and the banks involved. Payments made late in the day or just before a weekend or public holiday often start the next business day. Occasionally a bank wants to know what the payment is for.

If a transfer is late, contact your bank about the status; with that reference banks can see where the payment is. Keep your transfer receipt until the recipient confirms – you will need it for any trace request.

If the money does not arrive within the expected time, the sender needs to start with the bank that sent it. On the receiving end, it helps to check your account to see a partial amount.

Which of the 3 codes of Corporate Finance Bank do you need?

With 3 codes in 3 cities, Corporate Finance Bank is one of the banks that use individual codes for parts of the organisation and departments. The main code remains FABARUMMXXX.

For the vast majority of incoming transfers, the head office code FABARUMMXXX is the right choice. A branch code only makes sense when the recipient’s bank explicitly asks for it.

The best way is to take the code directly from the account holder’s statement. Codes can change over time.

A note on our data

The codes on this page come from publicly available data that we update regularly. Even so, banks merge, rename themselves or change codes, so information can be out of date. Figures such as the number of codes are from our directory.

See the information here as a handy check, and let the details from the recipient or Corporate Finance Bank have the final say. GoldexPay is independent of Corporate Finance Bank; we are a comparison site for money transfers. Spotted an error? Let us know via our contact form and we will look into it.

Watch out for payment fraud

Fraudsters often send payment requests containing changed bank details sent from what looks like a familiar address. A real SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Check new bank details through a separate channel like a call to a number from an earlier contract. Pressure and requests to keep it quiet tend to be red flags. When money has already gone to a fraudster, contact your bank immediately.

People receiving money can be targeted as well: a classic trick is an overpayment followed by a request to send back the difference abroad. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.