The Bank 'iba-Moscow' LLC SWIFT/BIC code

The Bank 'iba-Moscow' LLC SWIFT code: IBAZRUMM

IBAZRUMM and IBAZRUMMXXX are two ways of writing the same SWIFT/BIC code, and both point to The Bank 'iba-Moscow' LLC in Moscow. Every bank on the SWIFT network uses these codes to route payments between countries to the correct bank. In daily life you usually see it on invoices from abroad, in your banking app and in the bank details of The Bank 'iba-Moscow' LLC customers.

Further down we go through the practical side: money coming in from abroad, paying someone in another country and how to check the code before you confirm a payment. The SWIFT code alone does not identify an individual account holder; for that you need the account number or IBAN is for.

Watch out for payment fraud

One of the most common tricks goes like this: you receive a message saying that a supplier now has a new bank account and asking you to pay there from now on. A correct SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Verify changed payment details via a separate channel like a call to a number from an earlier contract. Urgency and requests to keep it quiet tend to be warning signs – a real supplier can wait a day. If money has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Fraud can also work the other way: someone claims to have sent more than agreed and asks you to return the extra via a different route. Wait until the money is actually in your account.

Choosing between the 3 SWIFT codes of The Bank 'iba-Moscow' LLC

Our directory lists 3 SWIFT/BIC codes for The Bank 'iba-Moscow' LLC. Besides the head office code IBAZRUMMXXX, you will find codes for individual branches and departments.

In most cases you do not need to pick a branch: payments addressed to IBAZRUMMXXX reach The Bank 'iba-Moscow' LLC without problems. If you have been given a branch code, use it as it is rather than replacing it for the head office code.

Unsure which code applies? Check with the recipient or the bank itself. Branch codes are more prone to change than IBAZRUMMXXX.

Verifying the SWIFT code of The Bank 'iba-Moscow' LLC

The best place to find the correct BIC remains a document from the bank itself like a bank statement or the account page in online banking. Check that code against IBAZRUMM on this page.

If the code is wrong, the transfer may get stuck, bounce back or cost extra, and tracing it can take weeks. A mistake in the IBAN or account number is more serious, because the money may be credited to someone else; check it just as carefully.

Many banking apps check the structure of an IBAN. Where available, a payee name check on the recipient adds an extra layer of safety. When you pay someone new, some people start with a small amount first.

Paying someone abroad from your The Bank 'iba-Moscow' LLC account

What you pay for a payment abroad has more than one component, and the transfer fee is only the most visible one. Besides the transfer fee, banks in between may deduct a fee, and when currencies are converted, the bank usually applies a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the largest cost, and it is easy to miss. An easy check: set the rate you get next to the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, it is worth to compare the total cost via GoldexPay. You can always keep your account at The Bank 'iba-Moscow' LLC.

8 or 11 characters: IBAZRUMM versus IBAZRUMMXXX

A BIC is made up of a few fixed parts: characters one to four stand for the bank, characters five and six show the country and characters seven and eight indicate the location. That gives you IBAZRUMM, the short form of the code.

Many payment forms accept both lengths. If a form requires eleven characters, enter IBAZRUMMXXX; if it wants eight, use IBAZRUMM.

Leave out spaces or dashes when you type IBAZRUMM; the code is always written in one block. A single character may route a payment to another bank, so check it twice.

Transfer times and tracking a payment to The Bank 'iba-Moscow' LLC

How fast a transfer reaches The Bank 'iba-Moscow' LLC is determined by a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Payments made after the cut-off time or on a weekend or public holiday usually go out the next business day. Extra checks on larger or unusual payments can also cause a delay.

If a transfer seems delayed, ask your bank for the status and the transaction reference; with that reference banks can see where the payment is. Money transfer services usually provide a status in their app showing how far the money has got.

A missing payment is traced by the sending bank, using the payment confirmation. On the receiving end, it helps to check your account for a slightly lower amount.

Incoming international payments to The Bank 'iba-Moscow' LLC

Someone abroad who wants to pay you will ask for a few details about your account, and missing ones are a common cause of delays. Give them the account holder’s name, the IBAN or account number, the BIC IBAZRUMMXXX and your address, which some banks require.

Certain sending banks also ask for the name and address of The Bank 'iba-Moscow' LLC; it does no harm to include it. Check the details before you send them.

An incoming payment will not always arrive in full. Fees for incoming transfers vary per bank. For business payments, it is common to state who bears the costs to avoid a shortfall.

Where our SWIFT data comes from

Our SWIFT/BIC directory is based on public sources and we update it periodically. It is possible that a code on this page is no longer current after a merger or reorganisation. The number of codes we show reflect our own data, not official figures from The Bank 'iba-Moscow' LLC.

Before a payment that matters, always confirm the BIC with The Bank 'iba-Moscow' LLC or the recipient. GoldexPay is a comparison service for money transfers and not affiliated with The Bank 'iba-Moscow' LLC. Spotted an error? Tell us via our contact form and we will look into it.