Banco Economico S.A. SWIFT/BIC code

BOEOBO22 – the SWIFT/BIC code of Banco Economico S.A.

BOEOBO22 and BOEOBO22XXX are two ways of writing the same bank identifier, and both lead to Banco Economico S.A. in Santa Cruz de la Sierra. A SWIFT code shows the banks handling a payment which institution is meant to get the money, a bit like a postal address for banks. You will need it mainly when dealing with transfers between countries and payments in foreign currencies.

On this page you will find how the code is put together, when it matters and which other details you need for a transfer to or from Banco Economico S.A.. The BIC identifies an institution, not a single account; the IBAN or account number does that.

Protect yourself against fake payment requests

Scammers regularly send fake invoices with changed bank details. The fact that BOEOBO22 exists is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Verify new bank details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Pressure or secrecy tend to be red flags; a genuine business can wait for you to check. When money has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Fraud can also work the other way: someone claims to have sent more than agreed and asks you to refund the extra to a new account. Wait until the money is actually in your account.

Is BOEOBO22 still correct? How to check

The best place to find the correct BIC is a document from the bank itself like a bank statement or the account page in online banking. Check it with BOEOBO22 here and ask if anything does not match.

An incorrect BIC can cause a delay, a payment being sent back or additional charges along the way. An error in the IBAN or account number is a bigger problem, because the money may be credited to someone else; check it just as carefully.

Many banking apps check the structure of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. More and more banks compare the name against the account before you confirm. A small test payment can be worth it for a large first payment despite the extra fee.

Banco Economico S.A.: head office code versus branch codes

Our directory lists 5 SWIFT/BIC codes for Banco Economico S.A., spread over 3 locations. Besides the head office code BOEOBO22XXX, you will find codes for branches, departments or specific services.

If nobody asks you for a branch code, go with BOEOBO22XXX. A branch code only makes sense if the account holder specifically mentions it, which is more common for corporate accounts and specialised services.

The best way is to copy the code directly from the recipient’s invoice. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

BOEOBO22 or BOEOBO22XXX – which one to use?

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. Combined, those parts make up BOEOBO22 – the version you usually see online.

The 11-character version has a three-character extension that identify a branch or department. When those three characters are XXX, they simply mean the head office, which is why BOEOBO22XXX and BOEOBO22 lead to the same place.

Enter the code in one piece, in upper case and without separators. Watch for O versus 0 and I versus 1, a common source of typos.

International transfers from Banco Economico S.A.: the real cost

The price of an international transfer has several parts – not just the fee on your screen. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

The real cost is often in the rate, rather than in the fee: the bank converts at a rate that includes a margin. An easy check: put the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

For a lot of routes, a transfer service turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. On GoldexPay we compare the amount that arrives with different services, which makes the cheapest option easy to spot. Using a transfer service does not mean closing your account at Banco Economico S.A..

How long does an international transfer to Banco Economico S.A. take?

There is no single answer: some arrive within a day. Payments made late in the day or just before a weekend or public holiday often go out the next business day. Compliance checks by one of the banks can also cause a delay, even when all details are correct.

When a payment takes longer than expected, contact the sending bank for the status and the transaction reference so they can trace it along the chain. Save your transfer receipt – you will need it for any trace request.

A missing payment has to be traced by the sending bank, using the payment confirmation. As a recipient, it helps to check your account for a slightly lower amount, since fees may have been deducted.

How up to date is this code?

The codes here come from publicly available data which we refresh regularly. It can happen that information on this page is out of date after a merger or reorganisation. The number of codes we show reflect what is in our directory.

Treat our directory here as a helpful check and rely on the recipient or Banco Economico S.A. for the final confirmation. We are an independent comparison service and not affiliated with Banco Economico S.A.. Found outdated information? Tell us via our contact form and we will look into it.

Receiving money from abroad at Banco Economico S.A.

A sender in another country will ask for several details from you. Give them your name as the bank knows it, the IBAN or account number, SWIFT code BOEOBO22XXX and your address.

The sender’s bank may request the address of your bank, in which case the Santa Cruz de la Sierra head office is the usual answer. A mistake in your account number can be more trouble than it looks, so copy the details from your online banking.

Money from abroad does not always arrive in full. Fees for incoming transfers differ per bank – the price list of Banco Economico S.A. tells you what applies. On invoices, you can state how the fees are split to avoid a shortfall.