Sovcombank SWIFT/BIC code

SOMRRUMM – the SWIFT/BIC code of Sovcombank

SOMRRUMM and SOMRRUMMXXX are two ways of writing the same bank identifier, and both point to Sovcombank in Moscow. A SWIFT code tells the banks handling a payment exactly which bank is meant to get the money, much like a postcode for banks. You will need it mostly when dealing with payments that cross a border or a currency.

On this page you will find what the code is put together, when it matters and what else you need for a transfer to or from Sovcombank. A SWIFT code identifies an institution, never a single account, which is why you always need the account number too.

Verifying the SWIFT code of Sovcombank

The most reliable source for a SWIFT code is the recipient’s own bank details. If the code you have differs from SOMRRUMM or SOMRRUMMXXX, stop and ask: check with the recipient or with Sovcombank directly.

An incorrect BIC can cause a delay, a payment being sent back or additional charges. A mistake in the IBAN or account number can be more serious, so check that just as carefully.

Most online banking apps check the structure of an IBAN. If your bank offers it, a name check before sending adds extra certainty. Sending a small amount first can be worth it for large sums despite the extra fee.

International transfers from Sovcombank: the real cost

An international bank payment can cost rather more than the listed fee. Besides the transfer fee, banks in between can deduct a fee, and if currencies are converted, the bank often uses a rate that is less favourable than the real market rate.

Banks rarely list the margin on the rate separately, but you pay it all the same. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Money transfer services frequently offer rates closer to the mid-market rate with clearer fees. GoldexPay compares the amount that arrives across services, so you can pick the cheapest route. You can always keep your account at Sovcombank as the source of the money, while a cheaper service handles the conversion.

How long does an international transfer to Sovcombank take?

How fast a transfer arrives at Sovcombank depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and time zones. Payments made late in the day or on weekends and holidays usually go out the next business day. Compliance checks on larger or unusual payments may also add a delay.

When a payment takes longer than expected, ask your bank about the tracking status and the transaction reference so they can trace it along the chain. Save the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

Only the sending bank is able to start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation; that often settles the question quickly.

Choosing between the 8 SWIFT codes of Sovcombank

Sovcombank uses 8 separate SWIFT/BIC codes across 8 cities. One of them is the head office code; the others identify branches or departments.

For the vast majority of payments to a private or business account, the head office code SOMRRUMMXXX is the right choice. Only use a branch code when your contact explicitly asks for it.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes can change over time, so do not rely on old paperwork.

Getting paid from abroad into a Sovcombank account

A sender in another country will ask for a few details about your account. The basics are: the account holder’s name, account number or IBAN, SOMRRUMMXXX and in many cases your home address.

Some banks also ask for the name and address of Sovcombank in Moscow, so keep it at hand. Check each detail before you send them, because the sender’s bank usually copies them as is.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Fees for incoming transfers vary per bank – the price list of Sovcombank tells you what applies. For business payments, you can agree who bears the costs to avoid a shortfall.

Scams that use SWIFT codes

Stay wary if a contact unexpectedly asks you to send money to another account. That SOMRRUMM is a real code is no guarantee that a request mentioning it is genuine.

Verify changed bank details via a different channel like a call to a number from an earlier contract. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. When a payment was sent 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: one known trick is an overpayment followed by a request to refund the difference abroad. Do not act before the money is actually in your account.

A note on our data

This directory draws on publicly available sources. Still, banks merge, rename themselves or retire codes, so information can be out of date. The figures we show are based on what is in our directory, not official figures from Sovcombank.

For a payment that matters, always confirm the code with Sovcombank or the recipient. GoldexPay is independent of Sovcombank. Found an error? Tell us through the contact page.

What the XXX in SOMRRUMMXXX 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. In this case, that core is SOMRRUMM.

Many banks and apps work with either length. If a form asks for eleven characters, enter SOMRRUMMXXX; if it wants eight, use SOMRRUMM.

Enter the code as one block, in upper case and without separators, exactly as shown here. Watch for O versus 0 and I versus 1, a common source of typos.