Banco Safra S.A. SWIFT/BIC code

What SAFRBRSP means for a payment to Banco Safra S.A.

The short code SAFRBRSP and the full code SAFRBRSPXXX identify one and the same institution: Banco Safra S.A.. Every bank on the SWIFT network uses these codes to direct payments between countries to the correct bank. In daily life you usually see it on international invoices, in your banking app and in the bank details of Banco Safra S.A. customers.

Below we go through the practical side: receiving money at Banco Safra S.A., paying someone in another country and how to verify the code before you hit send. The SWIFT code alone does not identify an individual account holder; for that you need the IBAN or account number is for.

Getting paid from abroad into a Banco Safra S.A. account

Someone abroad who wants to pay you needs a few details about your account. Share the account holder’s name, your account number or IBAN, the BIC SAFRBRSPXXX and your address.

Certain banks also ask for the address of Banco Safra S.A.. Check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

Expect that the amount credited is smaller than what the sender paid. Correspondent banks can take a fee, and if the money is converted, a markup on the rate applies. On invoices, you can state who bears the costs.

Paying into Banco Safra S.A. in BRL

The currency in Brazil is the Brazilian Real (BRL). Money sent in a different currency is converted into BRL on its way to Banco Safra S.A., and whoever converts it chooses the rate. There is rarely a separate charge for that conversion – the cost sits in the rate.

Which bank converts the money makes a difference: every bank has its own margin. Transferring the money directly in BRL usually avoids a second conversion at the receiving end, provided the rate you get is fair.

Exchange rates move during the day, and some providers let you lock in a rate. On larger amounts, even small difference in the rate can be worth more than the fee.

When will the money arrive at Banco Safra S.A.?

How quickly a transfer reaches Banco Safra S.A. is determined by a few things: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Bank holidays in either country can add extra days. Occasionally a bank asks about the purpose of a payment before releasing it.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique transaction reference, the UETR that banks can use to trace it. Keep your transfer receipt until the recipient confirms.

Only the sending bank is able to request a trace or a recall; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

What the XXX in SAFRBRSPXXX means

Each SWIFT/BIC code starts with an 8-character core: four letters for the bank, two letters for the country and two characters for the location. Together, those parts make up SAFRBRSP – the version you usually see online.

XXX at the end of SAFRBRSPXXX is not a placeholder or an error: it indicates the head office of Banco Safra S.A.. Some forms ask for 11 characters, in which case you simply enter XXX after SAFRBRSP.

Enter the code in one piece, in capitals and without separators, exactly as shown here. Copying the code is safer than retyping it.

Choosing between the 3 SWIFT codes of Banco Safra S.A.

Our directory lists 3 SWIFT/BIC codes for Banco Safra S.A.. Next to the head office code SAFRBRSPXXX, there are codes for regional offices and specialised units.

Unless the recipient tells you otherwise, use SAFRBRSPXXX or its short form SAFRBRSP. If you have been given a specific code, use it as it is rather than swapping it with the head office code.

The safest route is to copy the code straight from the account holder’s statement. Branch codes are sometimes changed or retired over time.

Sending money abroad from Banco Safra S.A.

The price of an international transfer is made up of more than one component, and the transfer fee is only the most visible one. On top of a fixed fee, correspondent or intermediary banks may take a cut, and when the money changes currency, the bank usually uses a rate below the real market rate.

Banks do not show the margin on the rate separately. Check their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For many routes, a specialist provider is less expensive than a bank, mainly because of the exchange rate. GoldexPay compares these services next to each other, showing the amount the recipient gets for the same amount sent. Using a transfer service does not mean closing your account at Banco Safra S.A. – you pay the provider from your own account.

Protect yourself against fake payment requests

Fraudsters regularly send fake invoices containing new bank details sent from what looks like a familiar address. That SAFRBRSP is a real code is no guarantee that the account is genuine; criminals use the codes of real banks too.

Do not rely on contact details from the same email that contains the new account. Pressure and requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. If money has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference to another account. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Where our SWIFT data comes from

The details here come from publicly available data which we refresh regularly. It is possible that a code here is no longer current. Figures such as the number of codes come from our directory and may differ from what Banco Safra S.A. publishes.

For a payment of any size, confirm the code with the recipient’s bank or the recipient. GoldexPay has no connection to Banco Safra S.A.. Spotted outdated information? Tell us through the contact page.

Verifying the SWIFT code of Banco Safra S.A.

The best place to find the right code remains a document from the bank itself like a bank statement or the account page in online banking. If the code you have does not match SAFRBRSP or SAFRBRSPXXX, do not guess – contact the recipient or Banco Safra S.A..

A wrong SWIFT code can cause delays, a payment being sent back or additional charges for investigation. Remember the IBAN: an error there is more difficult to correct than a wrong code.

An automatic check by your bank merely tells you that the code exists. Some banks now check the payee name against the account before you confirm. A small test payment can be worth it for a large first payment, even if it costs an extra fee.