Banco Itaubank S.a SWIFT/BIC code

What FNBBBRB1 means for a payment to Banco Itaubank S.a

The short code FNBBBRB1 and the 11-character code FNBBBRB1XXX identify the same bank: Banco Itaubank S.a. A SWIFT code shows the sending bank which institution should receive the money. You will need it mainly when dealing with transfers between countries or a currency.

This page is meant to help anyone who pays into an account at Banco Itaubank S.a. A SWIFT code names an institution, not a single account, which is why you always need the account number too.

Transfer times and tracking a payment to Banco Itaubank S.a

A SWIFT payment typically takes anywhere from one to several business days. Payments made late in the day or just before weekends and holidays often go out the next business day. Extra checks on larger or unusual payments may also add a delay, regardless of the details.

When a payment takes longer than expected, contact your bank about the status and the transaction reference. Save 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 contact the bank that sent it, not the receiving bank. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

Verifying the SWIFT code of Banco Itaubank S.a

The safest source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. When the code you were given differs from FNBBBRB1 or FNBBBRB1XXX, stop and ask – contact the recipient or Banco Itaubank S.a.

Mistakes in the SWIFT code are costly rather than disastrous – usually the money comes back, minus fees and time lost. A mistake in the IBAN or account number can be a bigger problem, because the money may be credited to someone else; check it just as carefully.

Many banking apps check the structure of IBANs – that confirms the format, not the owner. More and more banks compare the payee name against the account before you confirm; take any warning seriously. When you pay someone new, some people send a small amount first and wait for confirmation.

Watch out for payment fraud

Stay wary if someone suddenly wants you to pay into another account abroad. A real SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Never trust contact details from the same email that announces the new account. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Call your bank without delay and have them start a recall.

Fraud also target the receiver. Someone claims to have sent too much and asks you to return the extra via a different route. A screenshot of a transfer is no proof – check your own account.

Receiving money from abroad at Banco Itaubank S.a

A sender in another country will ask for a few details from you – incomplete details often cause delays. Give them your name as the bank knows it, your account number or IBAN, the BIC FNBBBRB1XXX and your address, which some banks require.

The sender’s bank may also ask for the bank address of Banco Itaubank S.a, in which case the Sao Paulo head office is the usual answer. A typo in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

Do not be surprised if the amount credited is smaller than what the sender paid. Charges on incoming payments vary from bank to bank – the price list of Banco Itaubank S.a tells you what applies. Agree with the sender who pays which costs, especially for larger amounts.

International transfers from Banco Itaubank S.a: the real cost

An international bank payment costs more than the listed fee. You pay the fee for the transfer itself, possibly charges from correspondent banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

Banks do not show their exchange rate markup separately – you only notice it if you compare. An easy check: put the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

For many currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer. GoldexPay lists transfer providers side by side so you can see what actually arrives. You can always keep your account at Banco Itaubank S.a to fund the transfer, while a cheaper service handles the conversion.

Banco Itaubank S.a: head office code versus branch codes

We have 3 SWIFT/BIC codes for Banco Itaubank S.a in 2 places. Next to the head office code FNBBBRB1XXX, there are codes for branches, departments or specific services.

Usually you do not need to look up a branch: payments sent to FNBBBRB1XXX are routed within Banco Itaubank S.a without problems. Branch codes are only needed if the recipient’s bank explicitly asks for it, which is more common for business accounts and specialised services.

Not sure which code applies? Ask the recipient, or look at a recent statement from Banco Itaubank S.a. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

How up to date is this code?

The codes on this page are taken from publicly available data which we refresh regularly. It can happen that information on this page is no longer current after a merger or reorganisation. Figures such as the number of codes are from our directory and are not confirmed by Banco Itaubank S.a.

Use this page as a starting point, not as the final word – the bank details from the recipient are leading. GoldexPay is independent of Banco Itaubank S.a. If you notice something that is out of date, we welcome a short note.

Brazilian Real (BRL) and conversion costs

The local currency in Brazil is the Brazilian Real (BRL). When you pay money in a different currency gets converted at some point. Every conversion eats into something, even when no fee is shown.

Who converts the payment matters. Check how much BRL the recipient gets via different providers before choosing one.

The BRL rate fluctuates throughout the day. With bigger transfers, even small gap in the rate can be worth more than the fee.

What the XXX in FNBBBRB1XXX means

A SWIFT code is made up of a few fixed parts: the first four letters stand for the bank, characters five and six give the country and the two after that mark the location. Combined, those parts form FNBBBRB1.

The 11-character version adds a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office.

Leave out spaces when you enter FNBBBRB1; the code is always written in one block. Look out for the letter O and the digit 0 and the letter I and the digit 1.