Expert Bank SWIFT/BIC code

Expert Bank SWIFT code: SIKPRUSM

The short code SIKPRUSM and the full code SIKPRUSMXXX refer to one and the same institution: Expert Bank. A BIC has a single purpose: it makes sure that money from abroad reaches the right bank. In practice you usually see the code on international invoices, in payment forms and on the account details that Expert Bank provides.

This page is meant to help people who sends money to an account at Expert Bank and wants to get the details right. A SWIFT code identifies an institution, not a single account, which is why you always need the account number too.

Is SIKPRUSM still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have does not match SIKPRUSM or SIKPRUSMXXX, stop and ask.

Mistakes in the SWIFT code are annoying rather than fatal – usually the money comes back, minus fees and time lost. An error in the account number can be a bigger problem, so check that just as carefully.

Most online banking apps validate the format of an IBAN and some suggest the matching BIC. If your bank offers it, a payee name check on the recipient adds extra certainty. A small test payment can be worth it for a large first payment despite the extra fee.

Scams that use SWIFT codes

Be wary if a contact suddenly asks you to send money to another account. A correct SWIFT code tells you nothing about whether the request is genuine.

Before paying, verify changed bank details by phone. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. Acted too fast? Call your bank without delay and ask them to 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 and then sends a request to refund the difference abroad. Do not act before the money has really arrived and check with Expert Bank if anything seems off.

About this information

The codes here come from publicly available data which we refresh regularly. Still, banks merge, rename themselves or change codes and our data may lag behind. Figures such as the number of codes come from our own dataset and may differ from what Expert Bank publishes.

For a payment of any size, always confirm the BIC with Expert Bank or with the recipient. We are an independent comparison service and not affiliated with Expert Bank. If you notice a mistake, we welcome a short note via the contact page.

What a transfer from Expert Bank abroad really costs

A bank transfer abroad costs more than the listed fee. On top of a fixed fee, correspondent or intermediary banks can deduct a fee, and if currencies are converted the bank often uses a rate that is less favourable than the actual market rate.

The real cost is often in the rate, rather than in the fee: the bank converts at a rate with a margin built in. A simple test: set the bank’s rate against the mid-market rate for the same moment and look at the difference.

Specialist money transfer services often offer a rate near the mid-market rate. Before your next transfer, it is worth to compare what arrives on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not require leaving Expert Bank – you pay the provider from your own account.

What to give a sender who pays you at Expert Bank

For an international payment at Expert Bank, the person paying you has to have not just the SWIFT code. The basics are: the account holder’s name, account number or IBAN, SIKPRUSMXXX or SIKPRUSM and, for some countries, your home address.

Their bank might also ask for the bank address of Expert Bank. A mistake in your account number is more trouble than you might think, so copy the details from your online banking.

Money from abroad does not always arrive in full. Intermediary banks may deduct a fee, Expert Bank may charge for incoming payments, and if the money is converted, a markup on the rate applies. Make clear with the sender who pays which costs, especially for larger amounts.

Expert Bank: head office code versus branch codes

Having 2 codes in 2 locations, Expert Bank is one of the banks that use individual codes for branches. The head office code remains SIKPRUSMXXX.

For most incoming transfers, the head office code SIKPRUSMXXX is what you need. Branch codes are only needed when the recipient’s bank explicitly asks for it, which is more common for corporate accounts and trade services.

Unsure which code to use? Check with the recipient or the bank itself. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

When will the money arrive at Expert Bank?

A SWIFT payment usually takes one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Compliance checks by one of the banks can also add some delay.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment gets a unique reference, the UETR that banks can use to trace it. Specialist transfer services usually provide a status in their app so you can see where the payment has got.

The bank that sent the money can request a trace – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation – it helps your own bank look for the money.

8 or 11 characters: SIKPRUSM versus SIKPRUSMXXX

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. That gives you SIKPRUSM, the short form of the code.

Most banks and apps accept both lengths. If yours asks for eleven characters, enter SIKPRUSMXXX; if it wants eight, use SIKPRUSM.

Leave out spaces or dashes when you enter SIKPRUSM or SIKPRUSMXXX. A single character may route a payment to a different institution.