SWIFT/BIC code BNNRECE1XXX
BNNRECE1XXX belongs to Banred in Quito, Ecuador.
Code details
| SWIFT/BIC code | BNNRECE1XXX |
|---|---|
| 8-character code | BNNRECE1 |
| Branch code | XXX |
| Bank | Banred |
| Branch | Head office |
| City | Quito |
| Country | Ecuador |
How the Banred SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- BNNR Bank code
- 4 letters that identify the bank.
- EC Country code
- 2 letters for the country (ISO 3166).
- E1 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 BNNRECE1XXX?
BNNRECE1XXX is the SWIFT/BIC code of the main office of Banred in Quito, Ecuador. It is the code to use when a payment to Banred does not need a specific branch.
What is the cheapest way to send money to Banred in Ecuador?
Many banks add several percent to the exchange rate on top of a fee. Compare the amount that arrives in US Dollar with transfer services before you send – the difference can be large.
How long does it take to send money to Banred?
An international SWIFT transfer typically takes 2–5 business days, depending on intermediary banks and cut-off times. Money transfer services are often faster than a bank.
What happens if I use BNNRECE1XXX incorrectly?
Your transfer can bounce, get stuck or cost extra. Double-check BNNRECE1XXX with the recipient before sending.
Which details do I need for a transfer to an account at Banred?
Have ready the SWIFT/BIC code BNNRECE1XXX, the account number or IBAN of the recipientand the name of the account holder. Ecuador is not part of SEPA, so the BIC is required.
What does each part of BNNRECE1XXX stand for?
BNNR is the institution code of Banred, EC stands for Ecuador, E1 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.