This SWIFT looks right
If you’re using a bank to send money to this code, remember to check it with the bank or recipient. We can’t tell you if it’s real, or if it’s the right SWIFT code for a particular account.
SBERBANK,MAGADAN,Russia
- SABRRUMMMA1
- Bank name
- SBERBANK
- Swift code
- SABRRUMMMA1
- City
- MAGADAN
- Country
- Russia
Use Wise for cheaper international bank transfers
Wise is cheaper and faster than most banks – and creating an account only takes a few seconds.
So what do these letters and numbers mean?
A SWIFT code — sometimes also called a SWIFT number — is a standard format for Business Identifier Codes (BIC). Banks and financial institutions use them to identify themselves globally. It says who and where they are — a sort of international bank code or ID.
These codes are used when transferring money between banks, particularly for international money transfers or SEPA payments. Banks also use these codes to exchange messages between each other.
SBERBANK
Always confirm the details with your recipient
When sending or receiving money, always check the SWIFT code with your recipient or bank.
If you think you've used the wrong SWIFT code to send money, you should get in contact with your bank right away. They may be able to cancel the transaction. If it's too late to cancel, you might have to contact the recipient yourself and request that they return your money.
I use Wise to send money to my family in India.Mathu, London, UK
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