JSC Econombank SWIFT/BIC code

JSC Econombank SWIFT code: BRECRU2S

Whether a recipient gives you BRECRU2S or BRECRU2SXXX, you are looking at the identical address for JSC Econombank in Russia. Every bank on the SWIFT network uses BIC codes to route payments between countries to the right institution. In practice you usually see it on invoices from abroad, in payment forms and on the account details that JSC Econombank provides.

Below we go through the practical questions: money coming in from abroad, sending money abroad and how to check the code before you hit send. Remember that the BIC just identifies the bank, not the account: the IBAN or account number takes care of that.

Is BRECRU2S still correct? How to check

Have the recipient copy their account details directly from a recent statement. Compare that code against BRECRU2S here and ask if anything does not match.

Mistakes in the SWIFT code tend to be costly rather than fatal. A mistake in the IBAN or account number is a bigger problem because it can reach the wrong person.

Many banking apps check the format of an IBAN, but that does not prove the account belongs to the right person. Where available, a payee name check before sending adds an extra layer of safety. For a first payment, many people start with a small test amount before sending the rest.

Sending money abroad from JSC Econombank

When you send money abroad through JSC Econombank, the visible fee is only part of what you pay. Besides the transfer fee, correspondent or intermediary banks can deduct a fee, and if the money changes currency, the bank often applies a rate below the actual market rate.

Banks rarely show their exchange rate markup as a cost, but you pay it all the same. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For many currency pairs, a specialist provider is less expensive than a traditional bank transfer. GoldexPay lists transfer providers next to each other, showing the amount the recipient gets for the same amount sent. You can always keep your account at JSC Econombank as the source of the money, while a cheaper service handles the conversion.

Which of the 12 codes of JSC Econombank do you need?

We have 12 SWIFT/BIC codes for JSC Econombank in 8 cities. Next to the head office code BRECRU2SXXX, there are codes for branches, departments or specific services.

Unless the recipient tells you otherwise, go with BRECRU2SXXX or its short form BRECRU2S. Just use a branch code when your contact gives you that exact code.

Unsure which code to use? Check with the recipient. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

Watch out for payment fraud

A common scam goes like this: an email arrives with a request saying that a contact has a new bank account and that the next payment should go there. A valid SWIFT code tells you nothing about whether the request is genuine.

Check new payment details through a different channel like a call to a number from an earlier contract. Urgency and secrecy tend to be warning signs. Already paid? Contact your bank straight away and have them start a recall; also report it to the police.

Scams can also target the receiver. Someone sends too much and wants you to return the extra. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

What to give a sender who pays you at JSC Econombank

For a transfer from abroad at JSC Econombank, the person paying you needs not just the SWIFT code. Share your name as the bank knows it, the IBAN or account number, SWIFT code BRECRU2SXXX and your address, which some banks require.

Certain banks want the bank’s address in Saratov; it does no harm to include it. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment will not always arrive in full. Correspondent banks can take a fee, JSC Econombank may charge for incoming payments, and if the currency changes, a markup on the rate applies. On invoices, you can state who bears the costs, so that nobody is left short.

How up to date is this code?

The directory on GoldexPay is based on public sources and we update it periodically. Even so, banks merge or change codes, so information can be out of date. Figures such as the number of codes come from our own dataset and may differ from what JSC Econombank publishes.

Treat this page as a starting point, rather than as the last word – the bank details from the recipient are leading. GoldexPay is not affiliated with JSC Econombank; we are a comparison site for money transfers. Should you notice something that is out of date, we appreciate a message.

Transfer times and tracking a payment to JSC Econombank

There is no fixed answer: many land within a day. Payments made late in the day or on a weekend or public holiday often start the next business day. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, ask your bank about the tracking status; with that reference banks can see where the payment is. Keep your transfer receipt until the money has arrived.

The bank that sent the money can start an official trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, it helps to check your statements for a slightly lower amount because fees can reduce the amount.

What the XXX in BRECRU2SXXX means

The structure of every SWIFT code is always the same: four characters for the institution, a two-letter country code and two for the location, sometimes followed by a branch code. In this case, that core is BRECRU2S.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office.

Leave out spaces or dashes when you enter BRECRU2S; the code is always written in one block. Pasting the code is safer than retyping it: a typo can point to another bank.