Royal Credit Bank SWIFT/BIC code

Royal Credit Bank SWIFT code: ROCERU31

If an invoice shows ROCERU31 or ROCERU31XXX, it is the identical identifier for Royal Credit Bank in Russia. A SWIFT code shows the banks handling a payment which institution should receive the money. In practice you usually come across it on invoices from abroad, in your banking app and in the bank details that Royal Credit Bank provides.

On this page we explain what the code means, when it matters and which other details a transfer to or from Royal Credit Bank requires. The SWIFT code on its own does not identify a personal account; that is what the account number or IBAN .

Receiving money from abroad at Royal Credit Bank

For an international payment at Royal Credit Bank, the person paying you needs not just the SWIFT code. That means: your full name as registered with Royal Credit Bank, your account number or IBAN, the BIC ROCERU31XXX and usually your address.

The sender’s bank may also ask for the address of your bank. A typo in the IBAN is harder to fix than you might think, so copy the details from your online banking.

What lands in your account is often lower than the amount sent. Correspondent banks can take a fee, Royal Credit Bank may charge for incoming payments, and if the currency changes, an exchange rate margin applies. On invoices, it is common to agree who bears the costs, so that nobody is left short.

What the XXX in ROCERU31XXX means

A BIC is built from fixed blocks: characters one to four stand for the bank, the next two show the country and the two after that mark the location. Combined, those parts make up ROCERU31.

XXX at the end of ROCERU31XXX does not stand for a missing value or a mistake: it stands for the main office of Royal Credit Bank. Some banking apps insist on 11 characters, in which case you can enter XXX behind ROCERU31.

As a rule the code is typed in capitals and without spaces. A single character may route the money to another bank.

Transfer times and tracking a payment to Royal Credit Bank

How quickly a payment arrives at Royal Credit Bank is determined by a few things: the currency, the number of banks in between, cut-off times and time zones. Bank holidays in either country add extra days. Extra checks by one of the banks can also add a delay, even when all details are correct.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every payment carries a unique reference, the UETR. Save your transfer receipt – you will need it for any trace request.

The bank that sent the money can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, it helps to look at your statements for a partial amount because fees can reduce the amount.

Before you send: check the Royal Credit Bank code

The best place to find the right code is paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have differs from ROCERU31 or ROCERU31XXX, do not guess: check with the recipient or with Royal Credit Bank directly.

If the code is wrong, the transfer may get stuck, bounce back or cost extra. Remember the account number: a mistake there is harder to undo than a wrong BIC.

Many banking apps validate the structure of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. Where available, a payee name check before sending gives an extra layer of safety. When you pay someone new, some people start with a small test amount before sending the rest.

A note on our data

We collect bank codes using public sources and check them from time to time. It can happen that a code here is out of date, for example after a merger. The number of codes we show reflect what is in our directory, not official figures from Royal Credit Bank.

Treat this page as a reference, rather than as the final word – the bank details from the recipient are leading. GoldexPay is not affiliated with Royal Credit Bank, we only compare transfer services. Found an error? Tell us through the contact page and we will look into it.

Scams that use SWIFT codes

A common scam works like this: an email arrives with a request claiming that a contact now 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.

Before paying, verify a change of bank details by phone, using a number you already had. Pressure and requests to keep it quiet are warning signs. When a payment has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference to another account. Do not act before the money is actually in your account.

Choosing between the 3 SWIFT codes of Royal Credit Bank

Our directory lists 3 SWIFT/BIC codes for Royal Credit Bank in 2 places. Besides the head office code ROCERU31XXX, you will find codes for regional offices and specialised units.

For the vast majority of payments to a private or business account, the head office code ROCERU31XXX works fine. If you have been given a specific code, stick to it rather than replacing it with the head office code.

When in doubt, ask the person you are paying which code their bank gave them. Codes for branches are more likely to change than ROCERU31XXX when a bank merges or closes offices.

What a transfer from Royal Credit Bank abroad really costs

A bank transfer abroad can cost more than the fee suggests. On top of the transfer fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted the bank often applies a rate below the actual market rate.

Most of the cost usually sits in the exchange rate: many banks convert at a rate that includes a margin. Check their rate against the mid-market rate.

For many routes, a transfer service is less expensive than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, take a minute to compare what arrives on GoldexPay. Choosing a specialist does not mean leaving Royal Credit Bank: you simply pay the service from your account.