SWIFT/BIC code BGALPTTGMRR
BGALPTTGMRR belongs to Banco de Portugal in Lisbon, Portugal.
Code details
| SWIFT/BIC code | BGALPTTGMRR |
|---|---|
| 8-character code | BGALPTTG |
| Branch code | MRR |
| Bank | Banco de Portugal |
| Branch | Bp-Minimum Reserves |
| 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.
- MRR 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
What bank is behind SWIFT code BGALPTTGMRR?
BGALPTTGMRR is the SWIFT/BIC code of Bp-Minimum Reserves, a branch or department of Banco de Portugal in Lisbon, Portugal. Use this branch code only when the account is held at this specific branch.
What does each part of BGALPTTGMRR stand for?
BGAL is the institution code of Banco de Portugal, PT stands for Portugal, TG is the code for the city or region and MRR is the code of the department Bp-Minimum Reserves.
What happens if I use BGALPTTGMRR incorrectly?
The payment may be delayed, returned or charged extra fees. Always check BGALPTTGMRR against the details from Banco de Portugal before sending.
What is the cheapest way to send money to Banco de Portugal?
Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with transfer services before you send.
How long does it take to send money to Banco de Portugal?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 1–3 business days.
Do I need BGALPTTGMRR to send euros to Portugal?
Portugal is part of the SEPA area. When you send euros the IBAN is usually enough. For other currencies you do need BGALPTTGMRR.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.