Professional Credit Bank LTD SWIFT/BIC code

Professional Credit Bank LTD SWIFT code: REGVRU21

If an invoice shows REGVRU21 or REGVRU21XXX, it is the same identifier for Professional Credit Bank LTD in Russia. A BIC does one job: it makes sure that money from abroad reaches the right bank. In practice you mostly see the code on invoices from abroad, in payment forms and in the bank details that Professional Credit Bank LTD provides.

On this page you will find how the code means, when you need it and which other details you need for a transfer to or from Professional Credit Bank LTD. Remember that the BIC only identifies the bank, not the account: the IBAN or account number does that part.

About this information

We gather bank codes from public sources and check our list from time to time. Even so, banks merge, rename themselves or retire codes, so information can be out of date. Figures such as the number of codes come from our own dataset.

For any payment that matters, always confirm the code with the recipient’s bank or the recipient. GoldexPay is independent of Professional Credit Bank LTD; we are a comparison site for money transfers. If you notice a mistake, we appreciate a short note via the contact page.

What the XXX in REGVRU21XXX means

Every SWIFT/BIC code has an 8-character core: four letters for the bank, two letters for the country and two characters for the location. That gives you REGVRU21 for Professional Credit Bank LTD.

XXX at the end of REGVRU21XXX does not stand for a placeholder or a mistake: it stands for the head office of Professional Credit Bank LTD. Certain payment forms insist on 11 characters, in which case you can enter XXX behind REGVRU21.

Leave out spaces, dots when you enter REGVRU21. A single character can send the money to a different institution.

Receiving money from abroad at Professional Credit Bank LTD

If you are waiting for a payment from another country, send the payer all details at once. In practice that means: your full name exactly as it appears on the account, your account number or IBAN, the BIC REGVRU21XXX and sometimes your postal address.

It helps to include Professional Credit Bank LTD and Nizhniy Novgorod too. A mistake in the IBAN can be more trouble than it looks, so copy the details from your online banking.

Expect that the amount credited is below the amount on the sender’s receipt. Charges on incoming payments differ per bank – the price list of Professional Credit Bank LTD tells you what applies. For business payments, it is common to agree how the fees are split to avoid a shortfall.

How to check REGVRU21 before you pay

The safest source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check that code against REGVRU21 on this page; if they differ, ask before you pay.

An incorrect BIC can cause delays, a payment being sent back or additional charges along the way. A mistake in the IBAN or account number can be a bigger problem, because the money may be credited to someone else; check it just as carefully.

Most online banking apps check the format of IBANs and some suggest the matching BIC. Some banks now compare the name with the account before you confirm. When you pay someone new, some people start with a small amount first before sending the rest.

Which of the 2 codes of Professional Credit Bank LTD do you need?

With 2 codes, Professional Credit Bank LTD is one of the banks that register separate codes for parts of the organisation and departments. The head office code remains REGVRU21XXX.

For the vast majority of payments to a private or business account, the head office code REGVRU21XXX works fine. A branch code only makes sense if the account holder explicitly mentions it, which is more common for business accounts and trade services.

The safest route is to take the code directly from the account holder’s bank details. Codes for branches are more likely to change than the head office code.

What a transfer from Professional Credit Bank LTD abroad really costs

When you send money abroad from Professional Credit Bank LTD, the fee you see is only part of the cost. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup if the currency changes.

Banks rarely list the margin on the rate as a cost, but you pay it all the same. An easy check: set the bank’s rate against the mid-market rate for the same moment and look at the difference.

For a lot of routes, a specialist provider is cheaper than a bank – mostly thanks to the rate. On GoldexPay we compare what recipients receive with different services. You can always keep your account at Professional Credit Bank LTD as the source of the money.

Transfer times and tracking a payment to Professional Credit Bank LTD

A SWIFT payment usually takes one to a few business days – it depends on currency, route and the banks in between. Bank holidays in the sending or receiving country add extra days to the journey. Sometimes a bank wants to know what the payment is for, which can hold things up.

When a payment takes longer than expected, ask the sending bank about the status and the transaction reference. Keep the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

A delayed transfer is traced from the sending side. On the receiving end, it helps to look at your statements for a slightly lower amount.

Scams that use SWIFT codes

A common scam goes like this: you receive a request claiming that a company has new bank details and asking you to pay there from now on. A correct SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed bank details via a different channel, not by replying to the message. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Already paid? Contact the bank you paid from without delay and have them try to recall the payment and report the fraud.

Scams can also target the receiver. Someone claims to have sent too much and asks you to refund the difference to a new account. Do not act before the money is actually in your account and check with Professional Credit Bank LTD if anything seems off.