SWIFT Code UGZARU55 — COALMETBANK, CHELYABINSK

About SWIFT Code UGZARU55 — COALMETBANK, CHELYABINSK

SWIFT code UGZARU55 is the official 8-character head-office BIC (Bank Identifier Code) for COALMETBANK in CHELYABINSK, Russia. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by COALMETBANK for all outward international remittances from CHELYABINSK. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code UGZARU55

The code UGZARU55 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code UGZARU55

Receiving International Wire Transfers

To receive money from abroad at your COALMETBANK account in CHELYABINSK, share SWIFT code UGZARU55 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at COALMETBANK, CHELYABINSK must provide SWIFT code UGZARU55. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using COALMETBANK in CHELYABINSK rely on SWIFT code UGZARU55 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for COALMETBANK →

For cheque clearing or NACH mandates, use the MICR code for COALMETBANK →

For TDS challan deposits, find the BSR code for COALMETBANK →

How SWIFT Code UGZARU55 Routes an International Transfer

1. Initiation: The sender provides SWIFT code UGZARU55 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to COALMETBANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: COALMETBANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code UGZARU55

• Spaces or lowercase letters — Always enter UGZARU55 uppercase with no spaces.
• Using the wrong city — This code is for CHELYABINSK only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Russia.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm UGZARU55 directly with COALMETBANK's CHELYABINSK branch or via the SWIFT BIC Directory.