JSC Mir Business Bank SWIFT/BIC code

What MRBBRUMM means for a payment to JSC Mir Business Bank

The short code MRBBRUMM and the 11-character code MRBBRUMMXXX identify the same bank: JSC Mir Business Bank in Moscow, Russia. A SWIFT code shows the sending bank which institution should receive the money, a bit like a postal address for banks. It comes up mainly for transfers between countries and payments in foreign currencies.

We wrote this page to help anyone who pays into an account at JSC Mir Business Bank. A SWIFT code names a bank or branch, never a specific account; the IBAN or account number does that.

Sending money abroad from JSC Mir Business Bank

If you send money to another country via JSC Mir Business Bank, the fee you see is only part of what you pay. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate if the currency changes.

That exchange rate margin is often the biggest item. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Money transfer services frequently offer rates closer to the mid-market rate with clearer fees. Before your next transfer, it is worth to compare the total cost via GoldexPay instead of going straight to your bank. You can always keep your account at JSC Mir Business Bank as the source of the money, while a cheaper service handles the conversion.

Incoming international payments to JSC Mir Business Bank

If you expect a payment from another country, give the sender a complete set of details. Share the account holder’s name, your account number or IBAN, SWIFT code MRBBRUMMXXX and your address, which some banks require.

Their bank may request the address of your bank; the head office in Moscow is usually fine. Check every detail before you send them.

Money from abroad will not always land in full. 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.

Verifying the SWIFT code of JSC Mir Business Bank

The most reliable place for the correct BIC is a document from the bank itself. Compare it against MRBBRUMM here and ask if anything does not match.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges for investigation. An error in the account number can be a bigger problem, so check that just as carefully.

An automatic check by your bank only tells you that the IBAN exists, not that it is the right account. More and more banks check the name with the account before you confirm. Sending a small amount first can be worth it for large sums.

How up to date is this code?

The directory on GoldexPay is based on public sources. It can happen that a code on this page is out of date. Figures such as the number of codes are from our own dataset and may differ from what JSC Mir Business Bank publishes.

Treat our data as a starting point, not as the last word. GoldexPay is independent of JSC Mir Business Bank, we only compare transfer services. If you notice a mistake, we appreciate a message via the contact page.

Scams that use SWIFT codes

Stay alert if someone suddenly wants you to send money to a different account or a bank in another country. The fact that MRBBRUMM exists is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Before paying, confirm a change of bank details through a phone call. Watch out for urgent requests, unusual wording or an email address that differs by one letter. If money was sent to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Scams also target the receiver. Someone claims to have sent more than agreed and wants you to return the difference via a different route. Wait until the money is actually in your account.

JSC Mir Business Bank: head office code versus branch codes

JSC Mir Business Bank has 2 separate SWIFT/BIC codes. One of them is the head office code, MRBBRUMMXXX; the rest identify branches or departments.

For most incoming transfers, the head office code MRBBRUMMXXX is the right choice. When you receive a specific code, use it as it is rather than swapping it for the head office code.

The safest approach is to copy the code directly from the account holder’s invoice. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

MRBBRUMM or MRBBRUMMXXX – which one to use?

The structure of a BIC is always the same: a bank code of four letters, a two-letter country code and two for the location. The result is MRBBRUMM.

The 11-character version adds a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office.

In practice the code is written in capitals and without spaces. A wrong letter can send the money to a different institution, so check it twice.

Transfer times and tracking a payment to JSC Mir Business Bank

A SWIFT payment usually takes one to a few business days – it depends on currency, route and the banks in between. Transfers sent after the cut-off time or just before weekends and holidays usually go out a business day later. Occasionally a bank asks about the purpose of a payment.

When a payment takes longer than expected, ask your bank about the tracking status and the transaction reference. Specialist transfer services often provide a status online showing where the payment has got.

A delayed transfer has to be traced from the sending side. Ask the sender for a copy of the payment confirmation with the date and reference; that often settles the question quickly.