Commercial Bank of Syria SWIFT/BIC code

Commercial Bank of Syria SWIFT code: CMSYSYDA

Whether a recipient gives you CMSYSYDA or CMSYSYDAXXX, it is the identical identifier for Commercial Bank of Syria in Syria. Banks worldwide use these codes to route payments between countries to the correct institution. You will need it mostly for payments that cross a border or a currency.

Below we go through the practical questions: money coming in from abroad, sending money abroad and how to verify a SWIFT code before you hit send. The SWIFT code on its own does not identify a personal account; that is what the IBAN or account number is for.

When will the money arrive at Commercial Bank of Syria?

There is no single delivery time for international payments: some arrive within a day. Transfers sent late in the day or just before weekends and holidays often start the next business day. Compliance checks by one of the banks may also add a delay, regardless of the details.

A growing number of banks are connected to SWIFT gpi. Each payment gets a unique reference, the UETR. Save the payment confirmation; it contains the details a bank needs to start a trace.

A missing payment is traced by the sending bank on the basis of the transfer details. Ask the sender for the payment receipt with the date and reference.

About this information

Our SWIFT/BIC directory is compiled from public sources and is updated regularly. It can happen that information on this page is no longer current after a merger or reorganisation.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 Commercial Bank of Syria.

Treat our data as a reference, not as the final word: the recipient’s bank details come first. GoldexPay has no connection to Commercial Bank of Syria, we only compare transfer services. Found outdated information? Let us know via our contact form and we will look into it.

Incoming international payments to Commercial Bank of Syria

Someone abroad who wants to pay you needs a few details about your account. Share your name as the bank knows it, the IBAN or account number, SWIFT code CMSYSYDAXXX and your address.

The sender’s bank might also ask for the bank address of Commercial Bank of Syria, in which case the Damascus head office is the usual answer. Double-check the details before you send them.

What lands in your account can be less than the amount sent. Correspondent banks can take a fee, and when currencies differ, an exchange rate margin comes on top. Make clear with the sender who covers the fees, especially for larger amounts.

What a transfer from Commercial Bank of Syria abroad really costs

If you transfer money to another country through Commercial Bank of Syria, the fee you see is rarely all of the cost. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup when the money is converted.

The markup on the rate is often the biggest cost. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Specialised transfer providers frequently use a rate near the mid-market rate. GoldexPay compares what recipients receive with different services, so you can pick the cheapest route. Choosing a specialist does not mean leaving Commercial Bank of Syria – you pay the provider from your own account.

Which of the 69 codes of Commercial Bank of Syria do you need?

With 69 codes in 13 locations, Commercial Bank of Syria is one of the banks that register individual codes for branches. The main code remains CMSYSYDAXXX.

For most payments to a private or business account, the head office code CMSYSYDAXXX works fine. Just use a branch code when your contact gives you that exact code.

Not sure which code applies? Ask the recipient or the bank itself. Branch codes are more likely to be retired than CMSYSYDAXXX when a bank merges or closes offices.

Watch out for payment fraud

Fraudsters regularly use payment requests containing new bank details sent from what looks like a familiar address. A correct SWIFT code tells you nothing about who owns the account.

Verify changed payment details through a different channel, such as a phone number you already know. Watch out for time pressure, odd spelling or an email address that differs by one letter. When money was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference. Do not act before the money is actually in your account – ask Commercial Bank of Syria if something looks wrong.

How to check CMSYSYDA before you pay

The safest source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have differs from CMSYSYDA or CMSYSYDAXXX, stop and ask.

An incorrect BIC can cause delays, a payment being sent back or additional charges along the way. A mistake in the IBAN or account number can be a bigger problem; check it just as carefully.

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically. Where available, a payee name check before sending adds an extra layer of safety. When you pay someone new, some people start with a small test amount.

Why Commercial Bank of Syria has an 8- and an 11-character code

The layout of every SWIFT code never changes: four characters for the institution, a two-letter country code and a two-character location code. In this case, the 8-character core is CMSYSYDA.

The full version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why CMSYSYDAXXX and CMSYSYDA lead to the same place.

As a rule the code is typed in capitals, without spaces or dashes. Watch for the letter O and the digit 0 and the letter I and the digit 1.