Credit Suisse Saudi Arabia SWIFT/BIC code

SWIFT/BIC code of Credit Suisse Saudi Arabia

CRESSARA and CRESSARAXXX are two ways of writing the same bank identifier, and both lead to Credit Suisse Saudi Arabia in Riyadh. A SWIFT code tells the banks handling a payment which institution should receive the money, a bit like a postal address for banks. In daily life you usually come across it on invoices from abroad, in payment forms and on the account details of Credit Suisse Saudi Arabia customers.

On this page you will find what the code is put together, when you need it and what else a transfer to or from Credit Suisse Saudi Arabia requires. Keep in mind that the SWIFT code only identifies the bank, not the account: the account number or IBAN does that part.

What the XXX in CRESSARAXXX means

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and two characters for the location. For Credit Suisse Saudi Arabia, the 8-character core is CRESSARA.

The 11-character version adds three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office, so CRESSARAXXX and CRESSARA are interchangeable.

Leave out spaces, dots when you enter CRESSARA. Look out for O versus 0 and I versus 1, a common source of typos.

What to give a sender who pays you at Credit Suisse Saudi Arabia

Someone abroad who wants to pay you needs several details about your account – incomplete details often cause delays. Share your name as the bank knows it, your account number or IBAN, SWIFT code CRESSARAXXX and your address, which some banks require.

The sender’s bank may request the address of your bank; the head office in Riyadh is usually fine. A typo in your account number is harder to fix than you might think.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Fees for incoming transfers vary per bank. Make clear with the sender who covers the fees.

Tracking a transfer to or from Credit Suisse Saudi Arabia

A SWIFT payment usually needs one to a few business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country can add a day or more to the journey. Extra checks on larger or unusual payments can also cause some delay, even when all details are correct.

When a payment takes longer than expected, contact your bank about the tracking status or the UETR. Keep the payment confirmation – you will need it for any trace request.

If the money does not arrive within the expected time, the sender should start with their own bank rather than Credit Suisse Saudi Arabia. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Where our SWIFT data comes from

Our SWIFT/BIC directory draws on publicly available sources and is updated regularly. Even so, banks merge, rename themselves or change codes, so information can be out of date. Figures such as the number of codes come from our directory and are not confirmed by Credit Suisse Saudi Arabia.

Treat our data as a starting point, not as the last word – the bank details from the recipient are leading. GoldexPay has no connection to Credit Suisse Saudi Arabia; we are a comparison site for money transfers. Spotted outdated information? Let us know via our contact form so we can correct it.

Watch out for payment fraud

Stay wary when someone suddenly wants you to send money to another account abroad. That CRESSARA is a real code is no guarantee that a request mentioning it is genuine.

Verify new bank details via a separate channel, never via the email that asked for the change. Urgency and requests to keep it quiet tend to be red flags – a real supplier can wait a day. When money has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Fraud also target the receiver: someone claims to have sent too much and wants you to refund the difference via a different route. Wait until the money has really arrived.

How to check CRESSARA before you pay

Ask the recipient to copy the account details straight from their online banking. When the code you were given differs from CRESSARA or CRESSARAXXX, stop and ask: check with the recipient or with Credit Suisse Saudi Arabia directly.

A wrong SWIFT code can cause a delay, a payment being sent back or additional charges. Do not forget the account number: a mistake there can be harder to correct than a wrong code.

An automatic check in your banking app only confirms that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a name check before sending adds extra certainty. Sending a small amount first can be a sensible step for a large first payment despite the extra fee.

Paying someone abroad from your Credit Suisse Saudi Arabia account

A bank transfer abroad can cost more than the fee suggests. There is the transfer fee, possibly charges from correspondent banks along the way and, above all, the exchange rate markup if the currency changes.

That exchange rate margin is often the biggest item even though it is not listed as a fee. Compare their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialised transfer providers often offer a rate near the mid-market rate with clearer fees. GoldexPay lists transfer providers next to each other so you can see the amount the recipient gets for the same amount sent. Using a transfer service does not require closing your account at Credit Suisse Saudi Arabia.

Choosing between the 2 SWIFT codes of Credit Suisse Saudi Arabia

Credit Suisse Saudi Arabia uses 2 separate SWIFT/BIC codes across 1 locations. Only one is the head office code, CRESSARAXXX; the others identify branches, and sometimes internal departments.

For most payments to a private or business account, the head office code CRESSARAXXX is what you need. Only use a branch code when the recipient gives you that exact code.

The safest approach is to take the code straight from the account holder’s bank details. Codes are sometimes changed or retired when banks reorganise.