Public Joint - Stock Company Commercial Bank 'summit Bank' SWIFT/BIC code

What CBBORU8V means for a payment to Public Joint - Stock Company Commercial Bank 'summit Bank'

The 8-character code CBBORU8V and the 11-character code CBBORU8VXXX identify one and the same institution: Public Joint - Stock Company Commercial Bank 'summit Bank' in Vladivostok, Russia. Banks worldwide use BIC codes to direct payments between countries to the correct bank. It comes up mainly when dealing with transfers between countries or a currency.

We wrote this page to help people who pays into an account at Public Joint - Stock Company Commercial Bank 'summit Bank' without mistakes. The SWIFT code alone cannot identify a personal account; that is what the IBAN or account number .

Is CBBORU8V still correct? How to check

Have the recipient copy the account details straight from their online banking. Check it with CBBORU8V here and ask if anything does not match.

With a wrong code, the payment might be delayed, be returned or end up costing more. Do not forget the account number: a mistake there is more difficult to correct than a wrong BIC.

A validity check in your banking app only confirms that the IBAN is valid. More and more banks compare the name against the account; take any warning seriously. For a first payment, many people send a small test amount and wait for confirmation.

Choosing between the 2 SWIFT codes of Public Joint - Stock Company Commercial Bank 'summit Bank'

Our database contains 2 SWIFT/BIC codes for Public Joint - Stock Company Commercial Bank 'summit Bank'. Besides the head office code CBBORU8VXXX, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, go with CBBORU8VXXX. When you receive a specific code, stick to it instead of swapping it for the head office code.

Not sure which code to use? Check with the recipient. Branch codes can change over time, so do not rely on old paperwork.

8 or 11 characters: CBBORU8V versus CBBORU8VXXX

A BIC is made up of fixed blocks: the first four letters identify the bank, characters five and six give the country and the two after that indicate the location. That gives you CBBORU8V.

The full version has a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office, which is why CBBORU8VXXX and CBBORU8V lead to the same place.

Do not add spaces when you enter CBBORU8V or CBBORU8VXXX. A single letter may route the money to another bank.

Tracking a transfer to or from Public Joint - Stock Company Commercial Bank 'summit Bank'

How fast a payment arrives at Public Joint - Stock Company Commercial Bank 'summit Bank' is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Weekends and public holidays in the sending or receiving country add extra days. Compliance checks on larger or unusual payments can also cause a delay.

A growing number of banks are connected to SWIFT gpi. Every payment gets a unique reference, the UETR that banks can use to trace it. Save your transfer receipt – you will need it for any trace request.

If the money does not arrive after a few business days, the person who paid should contact their own bank rather than Public Joint - Stock Company Commercial Bank 'summit Bank'. As a recipient, it helps to check your statements for a partial amount because fees can reduce the amount.

Paying someone abroad from your Public Joint - Stock Company Commercial Bank 'summit Bank' account

What you pay for a payment abroad has more than one component, and the transfer fee is only the most visible one. There is the transfer fee, possibly fees charged by intermediary banks in between and, above all, the margin on the exchange rate if the currency changes.

Many banks do not show their exchange rate markup as a cost – you only notice it if you compare. An easy check: put the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

Specialised transfer providers frequently use a rate near the mid-market rate with clearer fees. GoldexPay lists these services side by side, showing the amount the recipient gets. Using a transfer service does not require closing your account at Public Joint - Stock Company Commercial Bank 'summit Bank': you simply pay the service from your account.

About this information

We gather bank codes from publicly available data and update them regularly. Banks merge, change names and change codes – a directory can be a step behind. Counts and locations come from our own dataset and may differ from what Public Joint - Stock Company Commercial Bank 'summit Bank' publishes.

Treat our data as a starting point, not as the final word. GoldexPay has no connection to Public Joint - Stock Company Commercial Bank 'summit Bank'. Found an error? Let us know through the contact page and we will look into it.

Getting paid from abroad into a Public Joint - Stock Company Commercial Bank 'summit Bank' account

When you expect a payment from another country, give the sender a complete set of details. That means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code CBBORU8VXXX and, often, your address.

Their bank might also ask for the bank address of Public Joint - Stock Company Commercial Bank 'summit Bank'; the head office in Vladivostok is usually fine. A typo in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

Expect that the incoming amount is smaller than the amount on the sender’s receipt. Charges on incoming payments vary per bank – the price list of Public Joint - Stock Company Commercial Bank 'summit Bank' tells you what applies. Agree with the sender who covers the fees before the money is sent.

Scams that use SWIFT codes

Be alert if someone unexpectedly wants you to send money to a different account. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Always verify a change of bank details through a phone call. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. If a payment was sent to the wrong account, call your bank right away.

Fraud also target the receiver. Someone claims to have sent too much and asks you to refund the difference to a new account. A screenshot of a transfer proves nothing – check your own account.