Banco de la Paz, S.A. SWIFT/BIC code

Banco de la Paz, S.A. SWIFT code: BPAZBOL1

The 8-character code BPAZBOL1 and the 11-character code BPAZBOL1XXX refer to the same bank: Banco de la Paz, S.A., with its head office in La Paz. A BIC does one job: it ensures that a cross-border transfer reaches the right bank. In practice you mostly see the code on international invoices, in your banking app and on the account details that Banco de la Paz, S.A. provides.

We wrote this page to help anyone who receives money at an account at Banco de la Paz, S.A. without mistakes. The BIC names an institution, not a single account, which is why you always need the account number too.

How up to date is this code?

This directory is compiled from publicly available sources and we update it periodically. Still, banks merge or change codes and our data may lag behind. Counts and locations are from our directory and are not confirmed by Banco de la Paz, S.A..

Use this page as a reference, rather than as the last word – the bank details from the recipient are leading. GoldexPay is an independent comparison service for money transfers and not affiliated with Banco de la Paz, S.A.. Spotted outdated information? Let us know through the contact page so we can correct it.

Transfer times and tracking a payment to Banco de la Paz, S.A.

How quickly a payment arrives at Banco de la Paz, S.A. depends on a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Payments made late in the day or just before weekends and holidays usually go out a business day later. Compliance checks on larger or unusual payments can also cause a delay, even when all details are correct.

When a payment takes longer than expected, contact your bank about the status and the transaction reference; with that reference banks can see where the payment is. Specialist transfer services usually show tracking in their app so you can see how far the money has got.

The bank that sent the money can request a trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation including the reference – it helps your own bank look for the money.

Sending money abroad from Banco de la Paz, S.A.

What you pay for a payment abroad has several parts, and the transfer fee is only the most visible one. There is the transfer fee, possibly fees charged by intermediary banks along the way and, above all, the exchange rate markup when the money is converted.

That exchange rate margin tends to be the biggest cost because it is hidden in the rate. Compare their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialised transfer providers often offer a rate near the mid-market rate. GoldexPay lists transfer providers side by side, showing the amount the recipient gets for the same amount sent. You can still keep your account at Banco de la Paz, S.A. as the source of the money.

Banco de la Paz, S.A.: head office code versus branch codes

Our database contains 3 SWIFT/BIC codes for Banco de la Paz, S.A. in 3 places. Besides the head office code BPAZBOL1XXX, you will find codes for individual branches and departments.

In most cases there is no need to look up a branch: payments sent to BPAZBOL1XXX are routed within Banco de la Paz, S.A. without problems. A branch code only makes sense when the recipient’s bank explicitly mentions it, which is more common for business accounts and specialised services.

If you are not sure, ask the person you are paying which code their bank gave them. Codes can change over time, so a code from an old document is not always valid.

Getting paid from abroad into a Banco de la Paz, S.A. account

A sender in another country will ask for a few details from you. That means: your name exactly as it appears on the account, your account number or IBAN, the BIC BPAZBOL1XXX (or BPAZBOL1) and sometimes your postal address.

Their bank may also ask for the bank address of Banco de la Paz, S.A.. A mistake in the IBAN is harder to fix than you might think, so copy the details from your online banking.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who pays which costs, especially for larger amounts.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a message saying that a supplier has new bank details. The fact that BPAZBOL1 exists is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Always verify a change of bank details by phone, using a number you already had. Watch out for time pressure, unusual wording or an email address that differs by one letter. When money was sent to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients are targeted too: one known trick is an overpayment followed by a request to refund the difference abroad. Do not act before the money has really arrived.

How to check BPAZBOL1 before you pay

The most reliable place for the right code remains paperwork issued by the bank. Check that code against BPAZBOL1 here and ask if anything does not match.

If the code is wrong, the transfer may get stuck, be returned or end up costing more – sometimes after weeks of searching. An error in the IBAN or account number is a bigger problem; check it just as carefully.

Many banking apps check the format of an IBAN, but that does not prove the account belongs to the right person. Some banks now compare the payee name against the account. When you pay someone new, some people send a small test amount before sending the rest.

What the XXX in BPAZBOL1XXX means

A SWIFT code is made up of fixed blocks: characters one to four stand for the bank, the next two give the country and the two after that indicate the location. For Banco de la Paz, S.A., the 8-character core is BPAZBOL1.

The long version has three more characters that identify a branch or department. When those three characters are XXX, they simply mean the head office.

As a rule the code is written in capitals and without spaces. Copying the code beats retyping it.