Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.) SWIFT/BIC code

Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.) SWIFT code: CAFECOBB

The 8-character code CAFECOBB and the 11-character code CAFECOBBXXX identify one and the same institution: Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.). The code has a single purpose: it ensures that money from abroad ends up at the right bank. It comes up mainly for transfers between countries or a currency.

On this page we explain how the code is put together, when it matters and what else you need for a transfer to or from Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.). Remember that the SWIFT code just identifies the bank, not the account: the account number or IBAN does that part.

What to give a sender who pays you at Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.)

Someone abroad who wants to pay you needs several details about your account – incomplete details often cause delays. Share your name as the bank knows it, the IBAN or account number, the BIC CAFECOBBXXX and your address, which some banks require.

The sender’s bank might request the address of your bank, in which case the Bogota head office is the usual answer. Check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

Expect that the incoming amount is smaller than what the sender paid. Fees for incoming transfers vary per bank. Agree with the sender who covers the fees.

Transfer times and tracking a payment to Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.)

How quickly a payment reaches Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.) depends on several factors: which currency you send, the number of banks in between, cut-off times and differences in time zone. Transfers sent after the cut-off time or just before weekends and holidays often go out a business day later. Occasionally a bank asks about the purpose of a payment, which can hold things up.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every payment carries a unique reference, the UETR. Keep the payment confirmation until the recipient confirms – you will need it for any trace request.

If the money does not arrive after a few business days, the person who paid needs to start with their own bank rather than Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.). On the receiving end, you can look at your statements to see a slightly lower amount, since fees may have been deducted.

How up to date is this code?

The details on this page are taken from public sources that we update regularly. Institutions merge, close branches and change codes – a directory can be a step behind. The number of codes we show reflect our own data, not official figures from Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.).

Treat the information on this page as a handy check. GoldexPay is independent of Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.). Spotted an error? Let us know through the contact page and we will look into it.

What the XXX in CAFECOBBXXX means

A BIC is built from a few fixed parts: the first four letters stand for the bank, the next two show the country and the two after that indicate the location. Combined, these eight characters make up CAFECOBB, the code most people search for.

The 11-character version has a three-character extension that identify a branch or department. When those three characters are XXX, the code points to the head office, which is why CAFECOBBXXX and CAFECOBB lead to the same place.

Type the code as one block, in capitals and without separators. A wrong letter can send a payment to a different institution, so check it twice.

Watch out for payment fraud

A common scam goes like this: an email arrives with a request saying that a company has new bank details and that the next payment should go there. A valid SWIFT code tells you nothing about who owns the account.

Check new bank details through a separate channel like a call to a number from an earlier contract. Urgency or requests to keep it quiet are red flags; a genuine business can wait for you to check. If a payment has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: one known trick is a buyer who pays too much followed by a request to send back the difference abroad. A payment confirmation from the sender proves nothing.

Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.): head office code versus branch codes

Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.) has 4 different SWIFT/BIC codes across 4 cities. Only one is the head office code, CAFECOBBXXX; the rest identify branches or departments, and sometimes internal departments.

Usually there is no need to look up a branch: transfers addressed to CAFECOBBXXX reach Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.) correctly. If you have been given a specific code, use it as it is rather than replacing it for the head office code.

Unsure which code to use? Check with the recipient or the bank itself. Codes are sometimes changed or retired over time.

How to check CAFECOBB before you pay

The best place to find the correct BIC is a document from the bank itself like a bank statement or the account page in online banking. Compare it against CAFECOBB on this page.

With a wrong code, the payment may get stuck, bounce back or cost extra, and tracing it can take weeks. A mistake in the account number is a bigger problem because it can reach the wrong person, so check that just as carefully.

Most online banking apps validate the format of an IBAN and some suggest the matching BIC. More and more banks compare the payee name against the account before you confirm; take any warning seriously. A small test payment is a sensible step for a large first payment, even if it costs an extra fee.

International transfers from Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.): the real cost

If you send money abroad via Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.), the fee you see is rarely all of the cost. There is the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup when the money is converted.

The real cost is often in the rate: the bank converts at a rate that includes a margin. An easy check: set the rate you get next to the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. Next time you send money, it is worth comparing the total cost via GoldexPay. You can always keep your account at Banco Davivienda S.A.(Formerly Granbanco Bancafe S.A.) as the source of the money; only the conversion and sending happen elsewhere.