SWIFT/BIC code BDMGBRRBXXX
BDMGBRRBXXX belongs to Bdmg-Banco de Desenvolvimento de Minas Gerais in Belo Horizonte, Brazil.
Code details
| SWIFT/BIC code | BDMGBRRBXXX |
|---|---|
| 8-character code | BDMGBRRB |
| Branch code | XXX |
| Bank | Bdmg-Banco de Desenvolvimento de Minas Gerais |
| Branch | Head office |
| City | Belo Horizonte |
| Country | Brazil |
The way the Bdmg-Banco de Desenvolvimento de Minas Gerais SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- BDMG Bank code
- 4 letters that identify the bank.
- BR Country code
- 2 letters for the country (ISO 3166).
- RB Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which institution uses BIC BDMGBRRBXXX?
BDMGBRRBXXX is the SWIFT/BIC code of the headquarters of Bdmg-Banco de Desenvolvimento de Minas Gerais in Belo Horizonte, Brazil. It is the code to use when you send money to an account at Bdmg-Banco de Desenvolvimento de Minas Gerais.
What is the best way to send money to Bdmg-Banco de Desenvolvimento de Minas Gerais in Brazil?
Banks often add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Brazilian Real with transfer services before you send – the difference can be large.
What happens if I use BDMGBRRBXXX incorrectly?
The payment may be delayed, returned or charged extra fees. Always check BDMGBRRBXXX with the recipient before you confirm.
How long does it take to send money to Bdmg-Banco de Desenvolvimento de Minas Gerais?
An international SWIFT transfer typically takes 1–5 business days, depending on correspondent banks and time zones. Money transfer services are often faster than a bank.
Is BDMGBRRB and BDMGBRRBXXX the same code?
Yes. BDMGBRRB is the short version of BDMGBRRBXXX. The XXX at the end only means head office, so both routes your payment to Bdmg-Banco de Desenvolvimento de Minas Gerais in Belo Horizonte.
What does each part of BDMGBRRBXXX mean?
BDMG is the bank code of Bdmg-Banco de Desenvolvimento de Minas Gerais, BR stands for Brazil, RB is the code for the city or region and XXX marks the head office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.