Zao 'barentsbank' SWIFT/BIC code

What BROORU21 means for a payment to Zao 'barentsbank'

Whether a recipient gives you BROORU21 or BROORU21XXX, you are looking at the identical address for Zao 'barentsbank' in Russia. A BIC does one job: it makes sure that money from abroad ends up at the right bank. In practice you mostly see it on international invoices, in your banking app and on the account details that Zao 'barentsbank' provides.

On this page you will find what the code is put together, when it matters and which other details a transfer to or from Zao 'barentsbank' requires. The BIC identifies an institution, never a specific account; the IBAN or account number does that.

Watch out for payment fraud

Criminals often send payment requests with changed bank details sent from what looks like a familiar address. A real SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Before paying, verify changed bank details by phone. Watch out for urgent requests, unusual wording or an email address that differs by one letter. When money was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Scams also work the other way. Someone claims to have sent more than agreed and asks you to refund the extra to a new account. Do not act before the money is actually in your account.

What to give a sender who pays you at Zao 'barentsbank'

When you expect money from abroad, give the sender everything they need in one go. In practice that means: your name exactly as it appears on the account, your account number or IBAN, the BIC BROORU21XXX (or BROORU21) and sometimes your address.

The sender’s bank might request the bank address of Zao 'barentsbank', in which case the Murmansk head office is the usual answer. A typo in your account number can be more trouble than you might think, so copy the details from your online banking.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Fees for incoming transfers vary from bank to bank. For business payments, you can agree how the fees are split, so that nobody is left short.

How to check BROORU21 before you pay

The best place to find the right code remains paperwork issued by the bank. If the code you have does not match BROORU21 or BROORU21XXX, stop and ask.

Mistakes in the SWIFT code are costly more than disastrous – usually the money comes back, minus fees and time lost. Do not forget the account number: an error there is harder to undo than a wrong BIC.

An automatic check in your banking app only tells you that the IBAN is valid, not that it is the right account. More and more banks compare the name against the account. A small test payment can be a sensible step for large sums despite the extra fee.

Why Zao 'barentsbank' has an 8- and an 11-character code

A SWIFT code is made up of a few fixed parts: the first four letters identify the bank, the next two show the country and the two after that indicate the location. Together, those parts form BROORU21 – the version you usually see online.

Many payment forms accept both lengths. If yours asks for eleven characters, enter BROORU21XXX.

Type the code in one piece, in upper case and without spaces. Watch for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

Paying someone abroad from your Zao 'barentsbank' account

When you send money abroad via Zao 'barentsbank', the visible fee is only part of the cost. There is the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate if the currency changes.

That exchange rate margin is often the largest item. Check the rate you are offered with the mid-market rate. The difference is your real conversion cost.

For many routes, a transfer service is cheaper than a bank. On GoldexPay you can compare the amount that arrives across providers. You can still use your account at Zao 'barentsbank' to fund the transfer.

Transfer times and tracking a payment to Zao 'barentsbank'

There is no fixed delivery time: some arrive the same day or the next, others take several business days. Transfers sent after the cut-off time or on weekends and holidays often go out the next business day. Compliance checks on larger or unusual payments can also cause a delay.

Many banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique transaction reference, the UETR. Specialist transfer services often show tracking online so you can see where the money has got.

If a payment has not arrived within the expected time, the sender needs to start with their own bank, not the receiving bank. On the receiving end, you can check your account to see a partial amount.

Which of the 2 codes of Zao 'barentsbank' do you need?

Our database contains 2 SWIFT/BIC codes for Zao 'barentsbank' in 2 places. Besides the head office code BROORU21XXX, you will find codes for branches, departments or specific services.

Unless the recipient tells you otherwise, use BROORU21XXX or its short form BROORU21. Branch codes are only needed when the account holder explicitly mentions it.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more prone to change than BROORU21XXX.

A note on our data

The details here come from public sources which we refresh regularly. Institutions merge, change names and change codes, and a directory never catches every change immediately. The number of codes we show reflect our own data.

Treat the information here as a handy check. GoldexPay has no connection to Zao 'barentsbank'. Should you notice something that is out of date, we appreciate a message.