MICB SWIFT Codes Ease International Transfers in Myanmar

Published: 09/03/2025
SWIFT Code Cross-border Transfer Myanmar Bank
This article provides a detailed analysis of the SWIFT/BIC code rules for Myanma Investment and Commercial Bank (MICB) in Myanmar. It emphasizes the importance of accurate SWIFT codes in cross-border remittances and offers practical remittance optimization strategies. These include verifying the code, ensuring information accuracy, and considering alternative payment methods. The aim is to help readers avoid remittance delays and errors when sending money to or from MICB in Myanmar.
MICB SWIFT Codes Ease International Transfers in Myanmar

Navigating the complexities of international wire transfers often hinges on one critical detail: the accuracy of SWIFT/BIC codes. When dealing with Myanmar's Myanma Investment and Commercial Bank (MICB), precision in these identifiers becomes paramount. This article examines MICB's SWIFT code structure and offers practical strategies to streamline cross-border transactions while minimizing errors.

Core SWIFT/BIC Information for MICB

The primary SWIFT/BIC code for Myanma Investment and Commercial Bank is MICBMMMYXXX . This alphanumeric sequence serves as the bank's international identifier for transactions. However, variations may exist across branches or service types, necessitating direct confirmation with recipients or the bank itself.

Decoding SWIFT/BIC Structure

SWIFT/BIC codes comprise 8-11 characters conveying specific banking information. The breakdown of MICBMMMYXXX demonstrates this standardization:

  • MICB: Bank identifier for Myanma Investment and Commercial Bank
  • MM: Country code representing Myanmar
  • MY: Location code indicating Yangon
  • XXX: Default branch designation when no specific code exists

Appropriate Usage of Primary SWIFT Code

The primary code MICBMMMYXXX applies in these scenarios:

  • International transfers to MICB's central operations
  • Transactions lacking specific branch details
  • Payments processed through MICB's headquarters
  • Standardized transactions requiring a recognized identifier

Critical Verification Steps for International Transfers

Before initiating SWIFT payments, meticulous verification of these elements prevents processing issues:

  • Exact match between provided and official SWIFT codes
  • Precision in recipient account numbers and names
  • Immediate bank notification regarding any input errors

Minor discrepancies can trigger delays or failed transactions, underscoring the importance of thorough verification.

Essential Information for Receiving International Payments

To ensure successful incoming transfers to MICB accounts, provide senders with:

  • Correct SWIFT/BIC code (primary or branch-specific)
  • Complete account number
  • Bank name: Myanma Investment and Commercial Bank
  • Bank address: 170/176 Bo Aung Gyaw Street, Yangon, Myanmar

Operational Best Practices for Cross-Border Transactions

Beyond code accuracy, these operational enhancements improve transaction efficiency:

  1. Institutional SWIFT databases: Maintain updated records of MICB branch codes for frequent transactions
  2. Validation tools: Leverage digital platforms to verify code authenticity pre-transfer
  3. Bank communication: Establish protocols for receiving SWIFT code updates
  4. Alternative channels: Evaluate digital payment platforms for suitable transactions

These measures collectively reduce processing times and mitigate potential errors in international fund transfers involving MICB.

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