Bevco Limited SWIFT/BIC code

What BEVCVGV1 means for a payment to Bevco Limited

BEVCVGV1 and BEVCVGV1XXX are the short and the long form of the same SWIFT/BIC code, and both lead to Bevco Limited in Tortola. A SWIFT code shows the banks handling a payment exactly which bank is meant to get the money, much like a postcode for banks. You will need it mostly for transfers between countries and payments in foreign currencies.

On this page you will find how the code means, when you need it and what else a transfer to or from Bevco Limited requires. Remember that the BIC just identifies the bank, not the person: the IBAN or account number takes care of that.

Choosing between the 2 SWIFT codes of Bevco Limited

We have 2 SWIFT/BIC codes for Bevco Limited. Next to the head office code BEVCVGV1XXX, you will find codes for branches, departments or specific services.

Usually you do not need to pick a branch: transfers addressed to BEVCVGV1XXX are routed within Bevco Limited correctly. Branch codes are only needed when the account holder specifically mentions it, which is more common for business accounts and specialised services.

Unsure which code applies? Ask the recipient. Branch codes are more likely to change than the head office code when a bank merges or closes offices.

How to check BEVCVGV1 before you pay

The most reliable source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Check it against BEVCVGV1 on this page.

With a wrong code, the payment may be delayed, be returned or cost extra. Do not forget the account number: an error there is more difficult to correct than a wrong code.

A validity check in your banking app merely confirms that the IBAN exists. Some banks now compare the name with the account before you confirm. For a first payment, many people start with a small test amount.

The US Dollar and what conversion costs you

Most accounts at Bevco Limited are usually held in USD, the national currency. Money sent in a different currency is exchanged into USD. There is rarely a separate charge for that conversion – the cost sits in the rate.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Sending the amount directly in USD usually avoids a second conversion – as long as your own rate is good.

The USD rate changes throughout the day. If you pay regularly, small differences in the rate make a real difference over time.

What to give a sender who pays you at Bevco Limited

For an international payment into your account at Bevco Limited, the sender needs more than the SWIFT code. What they need is: the account holder’s name, account number or IBAN, BEVCVGV1XXX or BEVCVGV1 and in many cases your postal address.

Certain banks also ask for the name and address of Bevco Limited in Tortola; it does no harm to include it. Double-check the details before you send them, because the sender’s bank usually copies them as is.

Expect that the incoming amount is smaller than what the sender paid. Intermediary banks may deduct a fee, and if the money is converted, an exchange rate margin applies. Agree with the sender who pays which costs before the money is sent.

Scams that use SWIFT codes

Scammers regularly use fake invoices containing new bank details sent from what looks like a familiar address. The fact that BEVCVGV1 exists does not mean that a request mentioning it is legitimate.

Verify changed bank details through a separate channel like a call to a number from an earlier contract, not by replying to the message. Pressure and requests to keep it quiet are 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 and report the fraud.

Recipients can be targeted as well: one known trick is an overpayment followed by a request to refund the difference to another account. A screenshot of a transfer is no proof.

Sending money abroad from Bevco Limited

An international bank payment can cost rather more than the fee suggests. Besides the transfer fee, banks in between can take a cut, and when currencies are converted, the bank often applies a rate that is less favourable than the actual market rate.

The real cost is often in the rate: many banks convert using an exchange rate with a margin built in. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Specialist money transfer services frequently offer rates closer to the mid-market rate. GoldexPay lists these services side by side so you can see what actually arrives before you commit. You can still use your account at Bevco Limited to fund the transfer; only the conversion and sending happen elsewhere.

A note on our data

The codes here come from public sources which we refresh regularly. It is possible that a code on this page is no longer current, for example after a merger. The figures we show are based on our own data.

Before any payment of any size, always confirm the BIC with Bevco Limited or with the recipient. We are a comparison service for money transfers and not part of Bevco Limited. Found outdated information? Tell us via our contact form and we will look into it.

BEVCVGV1 or BEVCVGV1XXX – which one to use?

A BIC is made up of a few fixed parts: the first four letters stand for the bank, the next two give the country and characters seven and eight indicate the location. That gives you BEVCVGV1, the short form of the code.

Most payment forms work with either length. If a form asks for eleven characters, enter BEVCVGV1XXX.

In practice the code is typed in capitals. Look out for the letter O and the digit 0 or the letter I and the digit 1.

How long does an international transfer to Bevco Limited take?

There is no single answer: some land within a day while others need several business days. Transfers sent late in the day or on a weekend or public holiday often start the next business day. Compliance checks by one of the banks can also cause some delay.

When a payment takes longer than expected, contact your bank for the status and the transaction reference so they can trace it along the chain. Money transfer services usually provide a status online showing where the payment has got.

If a payment has not arrived after a few business days, the person who paid needs to contact the bank that sent it, not the receiving bank. On the receiving end, you can look at your account to see a slightly lower amount, since fees may have been deducted.