Where is SATUTM21 located?

The registered address on file for SATUTM21 is 86 MAGTYMGULY STREET, ASHKHABAD 744000, TURKMENISTAN.

What is the 11-character version of SATUTM21?

The 8-character form is SATUTM21 and the 11-character form is SATUTM21XXX. A BIC ending in XXX refers to the head office. Banks that accept the 8-character form treat it as identical to the XXX form.

Is SATUTM21 a head office or a branch code?

SATUTM21 identifies the head office of SAVINGS BANK OF TURKMENISTAN.

SATUTM21

SAVINGS BANK OF TURKMENISTAN, BIC/SWIFT Code Details

SATUTM21 is the SWIFT/BIC code for SAVINGS BANK OF TURKMENISTAN in Turkmenistan. It identifies the head office. The 8-character form is SATUTM21 and the 11-character form is SATUTM21XXX.

Address: 86 MAGTYMGULY STREET, ASHKHABAD 744000, TURKMENISTAN

Analyze and plan cross-border transactions

Ohm reads your pacs.008, validates the beneficiary bank, checks the route and its correspondents, prepares the invoice and finds the right HS code.

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pacs.008.xml invoice.pdf

Can you analyze those documents?

Looks fine:

Beneficiary bank BIC and IBAN both check out
Payment route One correspondent, arrives next business day
Invoice Matches the amount and both parties
HS code Use 8471.30 for these goods, not ~~8473.30~~

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Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.

Frequently asked questions

What bank does SATUTM21 belong to?: SATUTM21 is the SWIFT/BIC code for SAVINGS BANK OF TURKMENISTAN in Turkmenistan.
Where is SATUTM21 located?: The registered address on file for SATUTM21 is 86 MAGTYMGULY STREET, ASHKHABAD 744000, TURKMENISTAN.
What is the 11-character version of SATUTM21?: The 8-character form is SATUTM21 and the 11-character form is SATUTM21XXX. A BIC ending in XXX refers to the head office. Banks that accept the 8-character form treat it as identical to the XXX form.
Is SATUTM21 a head office or a branch code?: SATUTM21 identifies the head office of SAVINGS BANK OF TURKMENISTAN.

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Disclaimers

We are doing our best to demystify cross-border payments, however Ohmyfin is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive safe advice.