SWIFT Code BRECRU21STE — JSC ECONOMBANK, STEPNOE

About SWIFT Code BRECRU21STE — JSC ECONOMBANK, STEPNOE

SWIFT code BRECRU21STE is the official 11-character branch-specific BIC (Bank Identifier Code) for JSC ECONOMBANK in STEPNOE, 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 JSC ECONOMBANK for all outward international remittances from STEPNOE. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BRECRU21STE

The code BRECRU21STE follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BRECRU21STE

Receiving International Wire Transfers

To receive money from abroad at your JSC ECONOMBANK account in STEPNOE, share SWIFT code BRECRU21STE 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 JSC ECONOMBANK, STEPNOE must provide SWIFT code BRECRU21STE. 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 JSC ECONOMBANK in STEPNOE rely on SWIFT code BRECRU21STE 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 JSC ECONOMBANK →

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

For TDS challan deposits, find the BSR code for JSC ECONOMBANK →

How SWIFT Code BRECRU21STE Routes an International Transfer

1. Initiation: The sender provides SWIFT code BRECRU21STE 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 JSC ECONOMBANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: JSC ECONOMBANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BRECRU21STE

• Spaces or lowercase letters — Always enter BRECRU21STE uppercase with no spaces.
• Using the wrong city — This code is for STEPNOE 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 BRECRU21STE directly with JSC ECONOMBANK's STEPNOE branch or via the SWIFT BIC Directory.