Rost Bank SWIFT/BIC code

What JORORUMM means for a payment to Rost Bank

Whether a recipient gives you JORORUMM or JORORUMMXXX, you are looking at the identical identifier for Rost Bank in Russia. A BIC does one job: it ensures that money from abroad reaches the right bank. You will need it mainly for payments that cross a border and payments in foreign currencies.

On this page we explain how the code means, when it matters and which other details you need for a transfer to or from Rost Bank. The SWIFT code alone does not identify a personal account; for that you need the IBAN or account number is for.

What the XXX in JORORUMMXXX means

The structure of a BIC is always the same: a bank code of four letters, two for the country and a two-character location code. Combined, these eight characters make up JORORUMM – the version you usually see online.

The 11-character version has three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office, which is why JORORUMMXXX and JORORUMM lead to the same place.

As a rule the code is written in capitals and without spaces. Look out for O versus 0 and the letter I and the digit 1.

Scams that use SWIFT codes

Be wary if a contact unexpectedly asks you to pay into a different account. A correct SWIFT code tells you nothing about who owns the account.

Verify changed payment details via a separate channel. Pressure or requests to keep it quiet are red flags. If a payment was sent to the wrong account, contact your bank immediately.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to refund the difference. A screenshot of a transfer proves nothing.

Verifying the SWIFT code of Rost Bank

The most reliable place for the correct BIC is paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have differs from JORORUMM or JORORUMMXXX, stop and ask.

With a wrong code, the payment might be delayed, bounce back or cost extra, and tracing it can take weeks. Do not forget the IBAN: an error there is harder to undo than a wrong code.

Most online banking apps check the format of IBANs. Where available, a name check before sending adds an extra layer of safety. For a first payment, some people start with a small amount first.

Paying someone abroad from your Rost Bank account

A bank transfer abroad can cost rather more than the fee suggests. You pay the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, most importantly, the exchange rate markup when the money is converted.

Many banks do not list their exchange rate markup separately – you only notice it if you compare. 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.

For many routes, a transfer service is cheaper than a traditional bank transfer, mainly because of the exchange rate. Before your next transfer, take a minute comparing what arrives via GoldexPay. Using a transfer service does not require leaving Rost Bank: you simply pay the service from your account.

Where our SWIFT data comes from

The details here come from public sources that we update regularly. Banks reorganise, close branches and retire codes, and a directory never catches every change immediately. The figures on this page reflect what is in our directory, not official figures from Rost Bank.

Treat the information on this page as a handy check and rely on the recipient or Rost Bank for the final confirmation. GoldexPay is not affiliated with Rost Bank; we are a comparison site for money transfers. If you notice a mistake, we welcome a message via the contact page.

Receiving money from abroad at Rost Bank

To receive a transfer from abroad into your account at Rost Bank, the person paying you has to have more than the SWIFT code. That means: your full name as registered with Rost Bank, your account number or IBAN, the BIC JORORUMMXXX and sometimes your postal address.

You can add Rost Bank and its city as well, since some forms ask for it. A mistake in the IBAN is more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account can be less than what was sent. Charges on incoming payments vary from bank to bank. Make clear with the sender who covers the fees, especially for larger amounts.

Choosing between the 48 SWIFT codes of Rost Bank

With 48 codes in 48 locations, Rost Bank belongs to the banks that use individual codes for branches and departments. The head office code is JORORUMMXXX.

For the vast majority of incoming transfers, the head office code JORORUMMXXX is the right choice. Just use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code applies? Check with the recipient. Codes can change when banks reorganise, so do not rely on old paperwork.

Transfer times and tracking a payment to Rost Bank

How fast a payment reaches Rost Bank is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made late in the day or just before weekends and holidays often go out the next business day. Extra checks on larger or unusual payments can also add a delay, even when all details are correct.

When a payment takes longer than expected, ask the sending bank about the status and the transaction reference; with that reference banks can see where the payment is. Save the payment confirmation until the recipient confirms – you will need it for any trace request.

Only the sending bank is able to start an official trace; the receiving side usually has nothing to trace yet. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.