SWIFT / BIC
SWIFT/BIC code of Cross-Border Interbank Payment System
CIPSCNB1 · China
- BIC, 8 characters
- CIPSCNB1
- BIC, 11 characters
- CIPSCNB1XXX
- Country
- China
- Address
- East Zhongshan NO.1 Road 15-1 Shanghai , Huangpu District 200010 China
Source: ISO 9362 BIC registry, head-office codes only, no branch codes. Check the code with the bank before sending a large transfer.
How CIPSCNB1 is built
| Positions | Length | Meaning |
|---|---|---|
| 1–4 | 4 | CIPS Bank code |
| 5–6 | 2 | CN Country |
| 7–8 | 2 | B1 Location |
| 9–11 | 3 | XXX Branch · XXX or omitted = head office |
Other codes of Cross-Border Interbank Payment System
Other SWIFT codes in China
How to use CIPSCNB1 for a transfer
Give the sender two things: the BIC CIPSCNB1 (or CIPSCNB1XXX if the form asks for 11 characters) and your account number at Cross-Border Interbank Payment System. In China the account number is the local one shown on the statement. Check both on your bank statement before sending a large amount: a wrong code delays the transfer or sends it back with fees.
The BIC (Business Identifier Code), commonly called SWIFT code, identifies a bank or institution in international payments. It has 8 or 11 characters: 4 letters for the institution, 2 for the country, 2 for the location, and an optional 3 for the branch. XXX, or no branch code at all, means the head office.
Questions
What is the SWIFT code of Cross-Border Interbank Payment System?
The SWIFT/BIC code of Cross-Border Interbank Payment System is CIPSCNB1. In the 11-character form it is CIPSCNB1XXX, where XXX stands for the head office.
Is CIPSCNB1 a SWIFT code or a BIC?
Both: BIC is the ISO 9362 name of the code, SWIFT the network that assigns it. CIPSCNB1 is the same code under either name.
Do I also need the IBAN to receive money at Cross-Border Interbank Payment System?
China does not use the IBAN: give the BIC together with the local account number as shown on the statement.
Can I receive international transfers with iSwiss Pay?
Yes. The iSwiss Pay euro, US dollar and pound accounts each come with their own coordinates, including the BIC where applicable, and receive SWIFT and local transfers.
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