Concordia SA Cvmcc SWIFT/BIC code

SWIFT/BIC code of Concordia SA Cvmcc

The short code CNCVBRR1 and the full code CNCVBRR1XXX identify one and the same institution: Concordia SA Cvmcc, with its head office in Rio de Janeiro. Every bank on the SWIFT network uses BIC codes to route international transfers to the right institution. In daily life you usually see the code on invoices from abroad, in payment forms and on the account details of Concordia SA Cvmcc customers.

We wrote this page to help people who sends money to an account at Concordia SA Cvmcc. Keep in mind that the SWIFT code just identifies the bank, not the person: the IBAN or account number takes care of that.

Watch out for payment fraud

Be wary when a contact suddenly asks you to pay into another account or a bank in another country. The fact that CNCVBRR1 exists is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Do not trust contact details in the same message that contains the change. Pressure or requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Already paid? Contact your bank without delay and ask them to start a recall.

Fraud can also target the receiver. Someone claims to have sent too much and wants you to return the difference. Wait until the money is actually in your account – ask Concordia SA Cvmcc if something looks wrong.

CNCVBRR1 or CNCVBRR1XXX – which one to use?

A BIC is built from fixed blocks: the first four letters identify the bank, characters five and six show the country and characters seven and eight mark the location. Together, those parts form CNCVBRR1 – the version you usually see online.

The long version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, so CNCVBRR1XXX and CNCVBRR1 are interchangeable.

Do not add spaces or dashes when you type CNCVBRR1 or CNCVBRR1XXX. A wrong letter can send the money to a different institution.

About this information

We collect SWIFT/BIC codes using public sources and check them from time to time. Institutions reorganise, change names and retire codes – a directory can be a step behind. Counts and locations come from our own dataset and may differ from what Concordia SA Cvmcc publishes.

Treat our data as a starting point, rather than as the final word: the recipient’s bank details come first. GoldexPay has no connection to Concordia SA Cvmcc; we are a comparison site for money transfers. Should you notice something that is out of date, we appreciate a message via the contact page.

Sending BRL to Concordia SA Cvmcc

The local currency of Brazil is the Brazilian Real (BRL). A payment in a foreign currency is exchanged into BRL – and the bank that does it picks the rate. Each conversion costs something.

Which bank converts the payment matters. Compare how much BRL the recipient gets via several services before choosing one.

Exchange rates change all the time – some services let you fix a rate in advance. On larger amounts, a small difference in the rate can be worth more than the fee.

Concordia SA Cvmcc: head office code versus branch codes

We have 2 SWIFT/BIC codes for Concordia SA Cvmcc. Next to the head office code CNCVBRR1XXX, there are codes for regional offices and specialised units.

Unless the recipient tells you otherwise, go with CNCVBRR1XXX or its short form CNCVBRR1. Branch codes are only needed if the account holder explicitly mentions it.

The safest approach is to take the code straight from the recipient’s bank details. Codes for branches are more prone to change than the head office code when a bank merges or closes offices.

What to give a sender who pays you at Concordia SA Cvmcc

If you are waiting for money from abroad, give the sender everything they need in one go. Share the account holder’s name, the IBAN or account number, SWIFT code CNCVBRR1XXX and your address, which some banks require.

You can include the bank name and its city too, since some forms ask for it. A typo in your account number can be harder to fix than it looks.

The amount you receive is often less than the amount sent. Charges on incoming payments differ per bank. Agree with the sender who pays which costs before the money is sent.

How to check CNCVBRR1 before you pay

Have the recipient send you the account details straight from their banking app. Compare it with CNCVBRR1 here and ask if anything does not match.

With a wrong code, the payment may get stuck, be returned or cost extra, and tracing it can take weeks. Do not forget the IBAN: an error there is more difficult to undo than a wrong BIC.

An automatic check by your bank merely tells you that the IBAN is valid. Some banks now check the name against the account before you confirm – do not ignore a mismatch warning. Sending a small amount first can be worth it for a large first payment despite the extra fee.

Transfer times and tracking a payment to Concordia SA Cvmcc

How quickly a transfer reaches Concordia SA Cvmcc is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and time zones. Payments made late in the day or just before a weekend or public holiday usually start the next business day. Compliance checks by one of the banks can also add a delay.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique reference, the UETR. Specialist transfer services usually provide tracking online so you can see where the money has got.

Only the sending bank is able to start an official trace or a recall – 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.

International transfers from Concordia SA Cvmcc: the real cost

What you pay for an international transfer has several parts – not just the fee on your screen. Besides a fixed fee, banks in between may take a cut, and when the money changes currency the bank usually uses a rate below the actual market rate.

Banks do not show their exchange rate markup as a cost. A simple test: set the rate you get next to the mid-market rate for the same moment and look at the difference.

Money transfer services frequently offer a rate near the mid-market rate with clearer fees. Before your next transfer, it is worth comparing the total cost via GoldexPay. Using a transfer service does not mean closing your account at Concordia SA Cvmcc – you pay the provider from your own account.