SWIFT/BIC code BGALPTTGIPS
BGALPTTGIPS belongs to Banco de Portugal in Lisbon, Portugal.
Code details
| SWIFT/BIC code | BGALPTTGIPS |
|---|---|
| 8-character code | BGALPTTG |
| Branch code | IPS |
| Bank | Banco de Portugal |
| Branch | Sicoi Instant Payments Solution |
| City | Lisbon |
| Country | Portugal |
The way the Banco de Portugal SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- BGAL Bank code
- 4 letters that identify the bank.
- PT Country code
- 2 letters for the country (ISO 3166).
- TG Location code
- 2 characters for the city or region of the head office.
- IPS 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 branch uses SWIFT code BGALPTTGIPS?
BGALPTTGIPS identifies Sicoi Instant Payments Solution, part of Banco de Portugal in Lisbon, Portugal. Only use it if the recipient or their bank explicitly asks for it.
Do I need BGALPTTGIPS for a euro transfer to Portugal?
Portugal is part of the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you still need BGALPTTGIPS.
How long does it take to send money to Banco de Portugal?
Euro transfers within SEPA normally arrive the next business day. Payments in other currencies can take 1–3 business days.
What does each part of BGALPTTGIPS mean?
BGAL is the institution code of Banco de Portugal, PT is the ISO code of Portugal, TG is the code for the city or region and IPS identifies the branch Sicoi Instant Payments Solution.
What is the cheapest way to send money to Banco de Portugal in Portugal?
Many banks add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Euro with transfer services before you send – the difference can be large.
Has Banco de Portugal got other SWIFT/BIC codes?
Yes, our database contains 16 SWIFT/BIC codes for Banco de Portugal in Portugal, for the head office and several branches or departments. You can see them all on the bank page.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.