Finance Corporation of Bahamas LTD. SWIFT/BIC code

Finance Corporation of Bahamas LTD. SWIFT code: FICBBSN1

The 8-character code FICBBSN1 and the full code FICBBSN1XXX identify one and the same institution: Finance Corporation of Bahamas LTD.. Every bank on the SWIFT network uses BIC codes to direct international transfers to the correct institution. You will need it mainly when dealing with payments that cross a border or a currency.

Further down we go through the practical side: receiving money at Finance Corporation of Bahamas LTD., paying someone in another country and how to check a SWIFT code before you confirm a payment. The SWIFT code on its own does not identify an individual account holder; for that you need the IBAN or account number .

When will the money arrive at Finance Corporation of Bahamas LTD.?

An international transfer typically takes anywhere from one to several business days – it depends on currency, route and the banks in between. Transfers sent late in the day or just before a weekend or public holiday often go out a business day later. Extra checks on larger or unusual payments may also cause some delay, regardless of the details.

Many banks use SWIFT gpi for faster and traceable payments. Every payment carries a unique reference, the UETR that banks can use to trace it. Keep your transfer receipt until the recipient confirms – you will need it for any trace request.

If the money does not arrive within the expected time, the person who paid needs to start with their own bank rather than Finance Corporation of Bahamas LTD.. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.

Verifying the SWIFT code of Finance Corporation of Bahamas LTD.

Ask the recipient to send you the bank details directly from their banking app. When the code you were given differs from FICBBSN1 or FICBBSN1XXX, stop and ask – contact the recipient or Finance Corporation of Bahamas LTD..

An incorrect BIC may lead to delays, a returned payment or additional charges along the way. A mistake in the account number is a bigger problem because it can reach the wrong person; check it just as carefully.

Most online banking apps validate the structure of IBANs and sometimes look up the BIC automatically. Some banks now check the name with the account – do not ignore a mismatch warning. When you pay someone new, some people start with a small test amount and wait for confirmation.

International transfers from Finance Corporation of Bahamas LTD.: the real cost

An international bank payment costs more than the fee suggests. Besides a fixed fee, banks in between can deduct a fee, and when the money changes currency, the bank often uses a rate that is less favourable than the real market rate.

That exchange rate margin is often the biggest cost because it is hidden in the rate. An easy check: set the bank’s rate next to the mid-market rate and look at the difference.

For a lot of currency pairs, a transfer service turns out to be cheaper than a bank. GoldexPay compares the amount that arrives across services. Choosing a specialist does not require closing your account at Finance Corporation of Bahamas LTD.: you simply pay the service from your account.

8 or 11 characters: FICBBSN1 versus FICBBSN1XXX

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, two letters for the country and a two-character location code. Combined, these eight characters form FICBBSN1, the code most people search for.

XXX at the end of FICBBSN1XXX does not stand for a placeholder or a mistake: it stands for the main office of Finance Corporation of Bahamas LTD.. Some banking apps ask for 11 characters, and then you can add XXX after FICBBSN1.

Type the code in one piece, in upper case and without separators. Copying the code beats retyping it: a typo can point to another bank.

Where our SWIFT data comes from

We gather bank codes from publicly available data and update our list regularly. Even so, banks merge or retire codes. The figures on this page reflect what is in our directory.

See our directory on this page as a handy check and rely on the recipient or Finance Corporation of Bahamas LTD. for the final confirmation. GoldexPay is not affiliated with Finance Corporation of Bahamas LTD.; we are a comparison site for money transfers. Should you notice a mistake, we appreciate a message.

Watch out for payment fraud

One of the most common tricks works like this: an email arrives with a request saying that a contact now has new bank details and that the next payment should go there. That FICBBSN1 is a real code is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Check new payment details via a different channel, such as a phone number you already know, not by replying to the message. Urgency and secrecy are red flags. If a payment was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Fraud also target the receiver. Someone sends more than agreed and asks you to refund the extra. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Receiving money from abroad at Finance Corporation of Bahamas LTD.

To receive an international payment at Finance Corporation of Bahamas LTD., the person paying you has to have more than the SWIFT code. The basics are: the account holder’s name, account number or IBAN, FICBBSN1XXX and often your home address.

Certain sending banks want the name and address of Finance Corporation of Bahamas LTD., so keep it at hand. A mistake in the IBAN is harder to fix than you might think.

An incoming payment will not always land in full. Correspondent banks can take a fee, Finance Corporation of Bahamas LTD. may charge for incoming payments, and if the currency changes, an exchange rate margin applies. Make clear with the sender who pays which costs.

Head office or branch code at Finance Corporation of Bahamas LTD.?

With 4 codes in 2 cities, Finance Corporation of Bahamas LTD. is one of the banks that use separate codes for parts of the organisation and departments. The head office code remains FICBBSN1XXX.

In most cases you do not need to look up a branch: payments sent to FICBBSN1XXX reach Finance Corporation of Bahamas LTD. correctly. Just use a branch code when the recipient explicitly asks for it.

The best way is to copy the code directly from the account holder’s invoice. Branch codes are more likely to change than the head office code.