National Settlement Depository (Depository Office) SWIFT/BIC code

National Settlement Depository (Depository Office) SWIFT code: NADCRU21

The 8-character code NADCRU21 and the full code NADCRU21XXX identify one and the same institution: National Settlement Depository (Depository Office), with its head office in Moscow. A SWIFT code shows the banks handling a payment which institution should receive the money, much like a postcode for banks. In practice you mostly come across the code on international invoices, in your banking app and on the account details that National Settlement Depository (Depository Office) provides.

This page is meant to help people who pays into an account at National Settlement Depository (Depository Office) without mistakes. A SWIFT code identifies a bank or branch, not a single account.

Choosing between the 2 SWIFT codes of National Settlement Depository (Depository Office)

National Settlement Depository (Depository Office) uses 2 different SWIFT/BIC codes. Only one is the head office code, NADCRU21XXX; the rest identify branches or departments.

Usually there is no need to look up a branch: payments sent to NADCRU21XXX are routed within National Settlement Depository (Depository Office) correctly. A branch code only makes sense when the recipient’s bank specifically mentions it, which is more common for corporate accounts and specialised services.

Unsure which code to use? Check with the recipient. Branch codes are more likely to change than the head office code.

Paying someone abroad from your National Settlement Depository (Depository Office) account

If you transfer money to another country through National Settlement Depository (Depository Office), the visible fee is rarely all of what you pay. There is 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 tends to be the biggest item. A simple test: set the rate you get against the mid-market rate for the same moment and look at the difference.

For many routes, a transfer service is cheaper than a bank. GoldexPay compares the amount that arrives across providers, which makes the cheapest option easy to spot. You can always keep your account at National Settlement Depository (Depository Office); only the conversion and sending happen elsewhere.

Where our SWIFT data comes from

We gather bank codes using public sources and check them regularly. It can happen that a code here is no longer current, for example after a merger. The figures on this page reflect what is in our directory.

Treat the information on this page as a helpful check. GoldexPay is a comparison service and not part of National Settlement Depository (Depository Office). Spotted an error? Let us know via our contact form and we will look into it.

Transfer times and tracking a payment to National Settlement Depository (Depository Office)

How fast a payment arrives at National Settlement Depository (Depository Office) depends on several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Transfers sent after the cut-off time or on weekends and holidays usually start a business day later. Extra checks by one of the banks may also cause some delay.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique reference, the UETR that banks can use to trace it. Money transfer services usually provide tracking online showing where the money has got.

A missing payment has to be investigated by the sending bank on the basis of the transfer details. As a recipient, it helps to check your account for a partial amount.

Getting paid from abroad into a National Settlement Depository (Depository Office) account

If you are waiting for money from abroad, give the sender all details at once. What they need is: your name, IBAN or account number, NADCRU21XXX and, for some countries, your postal address.

Some banks want the address of National Settlement Depository (Depository Office) in Moscow, so keep it at hand. A mistake in your account number is more trouble than it looks, so copy the details from your online banking.

Money from abroad will not always land for the full amount. Fees for incoming transfers vary per bank – the price list of National Settlement Depository (Depository Office) tells you what applies. Agree with the sender who covers the fees, especially for larger amounts.

Before you send: check the National Settlement Depository (Depository Office) code

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Compare that code against NADCRU21 on this page and ask if anything does not match.

A wrong SWIFT code may lead to delays, a returned payment or additional charges along the way. Do not forget the IBAN: a mistake there is harder to undo than a wrong BIC.

Many banking apps check the structure of IBANs and some suggest the matching BIC. Some banks now check the name with the account. When you pay someone new, some people start with a small test amount before sending the rest.

8 or 11 characters: NADCRU21 versus NADCRU21XXX

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. Together, those parts make up NADCRU21.

XXX at the end of NADCRU21XXX does not stand for a placeholder or a mistake: it indicates the head office of National Settlement Depository (Depository Office). Some forms ask for 11 characters, in which case you simply add XXX behind NADCRU21.

Do not add spaces when you type NADCRU21 or NADCRU21XXX. Watch for O versus 0 or I versus 1.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a request saying that a contact has new bank details and asking you to pay there from now on. That NADCRU21 is a real code does not mean that the account is legitimate.

Verify changed bank details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Watch out for time pressure, unusual wording or an email address that differs by one letter. When a payment was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference abroad. A payment confirmation from the sender proves nothing – check your own account.