Joint Stock Company 'otp Bank' SWIFT/BIC code

What OTPVRUMM means for a payment to Joint Stock Company 'otp Bank'

The short code OTPVRUMM and the 11-character code OTPVRUMMXXX refer to the same bank: Joint Stock Company 'otp Bank'. A SWIFT code tells every bank in the chain which institution should receive the money. It comes up mainly when dealing with payments that cross a border and payments in foreign currencies.

This page is meant to help people who receives money at an account at Joint Stock Company 'otp Bank'. A SWIFT code names an institution, not a specific account; the IBAN or account number does that.

Tracking a transfer to or from Joint Stock Company 'otp Bank'

An international transfer typically takes one to a few business days. Transfers sent after the cut-off time or just before weekends and holidays usually go out the next business day. Extra checks by one of the banks can also cause some delay, even when all details are correct.

When a payment takes longer than expected, contact your bank for the status or the UETR; with that reference banks can see where the payment is. Money transfer services usually show a status in their app so you can see where the payment has got.

If a payment has not arrived after a few business days, the person who paid needs to start with the bank that sent it rather than Joint Stock Company 'otp Bank'. Request from the sender the payment receipt including the reference; that often settles the question quickly.

Protect yourself against fake payment requests

One of the most common tricks works like this: you receive a message claiming that a contact now has new bank details and that the next payment should go there. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Always confirm a change of bank details through a phone call. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If a payment was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams also work the other way. Someone sends too much and asks you to refund the difference via a different route. A payment confirmation from the sender proves nothing – check your own account.

A note on our data

We gather SWIFT/BIC codes from public sources and check them from time to time. It can happen that a code on this page is out of date. Figures such as the number of codes come from our own dataset and are not confirmed by Joint Stock Company 'otp Bank'.

Use this page as a reference, rather than as the last word – the bank details from the recipient are leading. GoldexPay is an independent comparison site for money transfers and not part of Joint Stock Company 'otp Bank'. Should you notice something that is out of date, we appreciate a message.

Joint Stock Company 'otp Bank': head office code versus branch codes

Our database contains 7 SWIFT/BIC codes for Joint Stock Company 'otp Bank'. Next to the head office code OTPVRUMMXXX, there are codes for regional offices and specialised units.

Unless the recipient tells you otherwise, go with OTPVRUMMXXX. A branch code only makes sense if the recipient’s bank specifically asks for it, which is more common for business accounts and specialised services.

Unsure which code to use? Check with the recipient, or look at a recent statement from Joint Stock Company 'otp Bank'. Branch codes are more prone to change than the head office code.

Receiving money from abroad at Joint Stock Company 'otp Bank'

When you are waiting for money from abroad, give the sender everything they need in one go. In practice that means: your name as registered with Joint Stock Company 'otp Bank', your account number or IBAN, the SWIFT/BIC code OTPVRUMMXXX (or OTPVRUMM) and, often, your postal address.

Certain banks also ask for the bank’s address in Moscow. A mistake in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. Make clear with the sender who pays which costs, especially for larger amounts.

What a transfer from Joint Stock Company 'otp Bank' abroad really costs

The price of a payment abroad has more than one component – not just the fee on your screen. There is the fee for the transfer itself, sometimes charges from correspondent banks in between and, most importantly, the margin on the exchange rate when the money is converted.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. A simple test: put the rate you get next to the mid-market rate and look at the difference.

Money transfer services frequently use a rate near the mid-market rate. GoldexPay lists these services next to each other so you can see the amount the recipient gets before you commit. You can always use your account at Joint Stock Company 'otp Bank'.

8 or 11 characters: OTPVRUMM versus OTPVRUMMXXX

The structure of every SWIFT code never changes: a bank code of four letters, a two-letter country code and two for the location. The result is OTPVRUMM for Joint Stock Company 'otp Bank'.

XXX at the end of OTPVRUMMXXX is not a missing value or an error: it stands for the main office of Joint Stock Company 'otp Bank'. Some forms insist on 11 characters, in which case you simply add XXX behind OTPVRUMM.

Do not add spaces or dashes when you type OTPVRUMM or OTPVRUMMXXX. A single letter can send the money to another bank, so check it twice.

Before you send: check the Joint Stock Company 'otp Bank' code

The most reliable place for the right code remains a document from the bank itself like a bank statement or the account page in online banking. Compare it against OTPVRUMM on this page.

Errors in the BIC are costly rather than disastrous: often the payment comes back, minus fees. A mistake in the account number can be more serious because it can reach the wrong person.

A format check by your bank merely tells you that the IBAN exists, not that it is the right account. Some banks now compare the name against the account before you confirm – do not ignore a mismatch warning. Sending a small amount first is a sensible step for large sums despite the extra fee.