Promsvyazbank PJSC SWIFT/BIC code

PRMSRUMM – the SWIFT/BIC code of Promsvyazbank PJSC

The 8-character code PRMSRUMM and the full code PRMSRUMMXXX identify one and the same institution: Promsvyazbank PJSC, with its head office in Moscow. Every bank on the SWIFT network uses these codes to route payments between countries to the right institution. It comes up mostly when dealing with payments that cross a border and payments in foreign currencies.

Below you will find the practical side: receiving money at Promsvyazbank PJSC, paying someone in another country and how to verify a SWIFT code before you hit send. Keep in mind that the BIC just identifies the bank, not the person: the IBAN or account number takes care of that.

How long does an international transfer to Promsvyazbank PJSC take?

There is no single delivery time for every transfer: some arrive within a day while others need several business days. Transfers sent late in the day or on a weekend or public holiday usually go out the next business day. Occasionally a bank asks about the purpose of a payment.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique reference, the UETR. Specialist transfer services often provide tracking online so you can see how far the payment has got.

Only the sending bank can request a trace. Ask the sender for the payment receipt; that often settles the question quickly.

Getting paid from abroad into a Promsvyazbank PJSC account

Someone abroad who wants to pay you needs a few details from you, and missing ones are a common cause of delays. What they need is: your name, account number or IBAN, PRMSRUMMXXX and, for some countries, your postal address.

Some banks also ask for the name and address of Promsvyazbank PJSC in Moscow; it does no harm to include it. Check the details before you share them.

What lands in your account is often lower than the amount sent. Charges on incoming payments vary per bank – the price list of Promsvyazbank PJSC tells you what applies. Make clear with the sender who covers the fees.

Promsvyazbank PJSC: head office code versus branch codes

With 9 codes, Promsvyazbank PJSC is one of the banks that use separate codes for branches. The head office code remains PRMSRUMMXXX.

For the vast majority of incoming transfers, the head office code PRMSRUMMXXX is what you need. Branch codes are only needed if the account holder specifically mentions it, which is more common for corporate accounts and specialised services.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes for branches are more prone to change than PRMSRUMMXXX.

8 or 11 characters: PRMSRUMM versus PRMSRUMMXXX

A SWIFT code is made up of fixed blocks: characters one to four stand for the bank, characters five and six show the country and characters seven and eight indicate the location. Together, those parts make up PRMSRUMM.

Most banks and apps work with either length. If a form asks for eleven characters, enter PRMSRUMMXXX, otherwise PRMSRUMM is fine.

In practice the code is written in capitals and without spaces. Pasting the code beats typing it by hand: a typo can point to another bank.

Watch out for payment fraud

One of the most common tricks works like this: an email arrives with a message claiming that a contact has new bank details. A real SWIFT code tells you nothing about who owns the account.

Before paying, confirm a change of bank details through a phone call, using a number you already had. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. If a payment has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams also target the receiver: someone claims to have sent too much and wants you to refund the extra to a new account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Sending money abroad from Promsvyazbank PJSC

A bank transfer abroad can cost rather more than the fee suggests. There is the fee for the transfer itself, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup.

The markup on the rate tends to be the biggest cost because it is hidden in the rate. Compare their rate with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Money transfer services frequently use rates closer to the mid-market rate. Next time you send money, take a minute comparing what arrives via GoldexPay. You can always keep your account at Promsvyazbank PJSC to fund the transfer, while a cheaper service handles the conversion.

Verifying the SWIFT code of Promsvyazbank PJSC

The safest source for a SWIFT code is the bank details provided by the recipient. If the code you have differs from PRMSRUMM or PRMSRUMMXXX, stop and ask: check with the recipient or with Promsvyazbank PJSC directly.

Mistakes in the BIC tend to be annoying more than fatal: often the payment comes back, minus fees. A mistake in the account number is a bigger problem, because the money may be credited to someone else, so check that just as carefully.

Many banking apps validate the structure of IBANs – that confirms the format, not the owner. Some banks now check the payee name with the account before you confirm – do not ignore a mismatch warning. For a first payment, some people send a small test amount.

Where our SWIFT data comes from

The directory on GoldexPay is compiled from public sources and we update it periodically. Even so, banks merge or retire codes and our data may lag behind. The figures on this page are based on what is in our directory.

Treat our directory here as a handy check, and let the details from the recipient or Promsvyazbank PJSC have the final say. GoldexPay is a comparison service and not affiliated with Promsvyazbank PJSC. Found outdated information? Tell us through the contact page.