SWIFT Code BNECRUMM023 — NECKLACE BANK OOO, KRASNODAR

About SWIFT Code BNECRUMM023 — NECKLACE BANK OOO, KRASNODAR

SWIFT code BNECRUMM023 is the official 11-character branch-specific BIC (Bank Identifier Code) for NECKLACE BANK OOO in KRASNODAR, 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 NECKLACE BANK OOO for all outward international remittances from KRASNODAR. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BNECRUMM023

The code BNECRUMM023 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BNECRUMM023

Receiving International Wire Transfers

To receive money from abroad at your NECKLACE BANK OOO account in KRASNODAR, share SWIFT code BNECRUMM023 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 NECKLACE BANK OOO, KRASNODAR must provide SWIFT code BNECRUMM023. 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 NECKLACE BANK OOO in KRASNODAR rely on SWIFT code BNECRUMM023 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 NECKLACE BANK OOO →

For cheque clearing or NACH mandates, use the MICR code for NECKLACE BANK OOO →

For TDS challan deposits, find the BSR code for NECKLACE BANK OOO →

How SWIFT Code BNECRUMM023 Routes an International Transfer

1. Initiation: The sender provides SWIFT code BNECRUMM023 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 NECKLACE BANK OOO.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: NECKLACE BANK OOO receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BNECRUMM023

• Spaces or lowercase letters — Always enter BNECRUMM023 uppercase with no spaces.
• Using the wrong city — This code is for KRASNODAR 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 BNECRUMM023 directly with NECKLACE BANK OOO's KRASNODAR branch or via the SWIFT BIC Directory.