Banco Comercial do Atlantico SWIFT/BIC code

BCATCVCV – the SWIFT/BIC code of Banco Comercial do Atlantico

If an invoice shows BCATCVCV or BCATCVCVXXX, you are looking at the same address for Banco Comercial do Atlantico in Cape Verde. A SWIFT code shows the sending bank exactly which bank should receive the money, a bit like a postal address for banks. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

This page is meant to help anyone who receives money at an account at Banco Comercial do Atlantico without mistakes. Keep in mind that the SWIFT code just identifies the bank, not the person: the account number or IBAN does that part.

Watch out for payment fraud

Be alert when a contact unexpectedly wants you to send money to a different account. A valid SWIFT code says nothing about who owns the account.

Before paying, verify changed bank details by phone on a number you know, not one from the message. Watch out for time pressure, odd spelling or an email address that differs by one letter. When a payment was sent to the wrong account, call your bank right away.

Fraud also target the receiver: someone claims to have sent more than agreed and asks you to return the extra. Wait until the money has really arrived.

How to check BCATCVCV before you pay

The most reliable place for the correct BIC remains paperwork issued by the bank, such as a statement or the account details in online banking. If the code you have does not match BCATCVCV or BCATCVCVXXX, do not guess: check with the recipient or with Banco Comercial do Atlantico directly.

Errors in the BIC tend to be costly more than disastrous – usually the money comes back, minus fees and time lost. Remember the IBAN: an error there can be more difficult to undo than a wrong BIC.

An automatic check by your bank only confirms that the IBAN is valid, not that it is the right account. More and more banks check the payee name against the account before you confirm – do not ignore a mismatch warning. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

When will the money arrive at Banco Comercial do Atlantico?

There is no single delivery time for every transfer: many land the same day or the next. Bank holidays in the sending or receiving country add a day or more, since banks do not process on those days. Occasionally a bank asks what the payment is for.

When a payment takes longer than expected, ask the sending bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Money transfer services usually provide a status in their app so you can see how far the money is.

Only the sending bank can request a trace – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation.

What a transfer from Banco Comercial do Atlantico abroad really costs

If you transfer money to another country from Banco Comercial do Atlantico, the visible fee is rarely all of the cost. There is the transfer fee, possibly charges from correspondent banks in between and, above all, the exchange rate markup when the money is converted.

The real cost is often in the rate, not in the fee: many banks convert at a rate that includes a margin. A simple test: put the bank’s rate against the mid-market rate and work out the difference on your amount.

For many currency pairs, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. Before your next transfer, take a minute to compare what arrives on GoldexPay rather than accepting the bank’s rate by default. You can still use your account at Banco Comercial do Atlantico as the source of the money; only the conversion and sending happen elsewhere.

Head office or branch code at Banco Comercial do Atlantico?

Our directory lists 3 SWIFT/BIC codes for Banco Comercial do Atlantico, spread over 3 locations. Besides the head office code BCATCVCVXXX, there are codes for branches, departments or specific services.

For the vast majority of incoming transfers, the head office code BCATCVCVXXX is what you need. If you have been given a specific code, stick to it rather than swapping it for the head office code.

The best way is to take the code straight from the account holder’s statement. Codes for branches are more prone to be retired than BCATCVCVXXX.

Where our SWIFT data comes from

We collect bank codes from publicly available data and check our list regularly. Still, banks merge or retire codes, so information can be out of date. Figures such as the number of codes are from our directory and may differ from what Banco Comercial do Atlantico publishes.

Treat this page as a starting point, not as the final word – the bank details from the recipient are leading. We are an independent comparison service for money transfers and not affiliated with Banco Comercial do Atlantico. Found outdated information? Tell us through the contact page.

BCATCVCV or BCATCVCVXXX – which one to use?

A SWIFT code is built from fixed blocks: characters one to four identify the bank, characters five and six give the country and characters seven and eight indicate the location. Combined, those parts make up BCATCVCV – the version you usually see online.

XXX at the end of BCATCVCVXXX does not stand for a placeholder or an error: it stands for the main office of Banco Comercial do Atlantico. Some banking apps insist on 11 characters, and then you simply add XXX after BCATCVCV.

As a rule the code is written in capitals, without spaces or dashes. Pasting the code beats typing it by hand, because one wrong letter changes the bank.

What to give a sender who pays you at Banco Comercial do Atlantico

Someone abroad who wants to pay you will ask for several details about your account, and missing ones are a common cause of delays. That means: your full name as registered with Banco Comercial do Atlantico, your IBAN or account number, the SWIFT/BIC code BCATCVCVXXX and usually your address.

It helps to add the bank name and Praia as well. A mistake in your account number can be harder to fix than you might think.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Fees for incoming transfers vary from bank to bank. For business payments, you can state who bears the costs.