Banco Gnb Sudameris SWIFT/BIC code

SWIFT/BIC code of Banco Gnb Sudameris

BSUDCOBB and BSUDCOBBXXX are two ways of writing the same bank identifier, and both lead to Banco Gnb Sudameris in Bogota. A BIC has a single purpose: it makes sure that a cross-border transfer ends up at the right bank. In practice you mostly see it on international invoices, in payment forms and on the account details of Banco Gnb Sudameris customers.

This page is meant to help anyone who sends money to an account at Banco Gnb Sudameris. The BIC identifies an institution, never a single account.

Transfer times and tracking a payment to Banco Gnb Sudameris

An international transfer typically takes one to a few business days – it depends on currency, route and the banks in between. Transfers sent late in the day or just before weekends and holidays usually start the next business day. Compliance checks by one of the banks may also add some delay.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment carries a unique transaction reference, the UETR. Specialist transfer services often provide a status online showing how far the payment is.

If the money does not arrive after a few business days, the person who paid needs to contact the bank that sent it rather than Banco Gnb Sudameris. Request from the sender a copy of the payment confirmation including the reference.

Choosing between the 7 SWIFT codes of Banco Gnb Sudameris

With 7 codes, Banco Gnb Sudameris is one of the banks that use separate codes for parts of the organisation and departments. The head office code remains BSUDCOBBXXX.

Usually you do not need to look up a branch: transfers sent to BSUDCOBBXXX are routed within Banco Gnb Sudameris correctly. A branch code only makes sense if the account holder specifically asks for it, which is more common for corporate accounts and trade services.

Not sure which code to use? Ask the recipient. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

Receiving money from abroad at Banco Gnb Sudameris

If you are waiting for a payment from another country, give the sender everything they need in one go. The basics are: your name, IBAN or account number, BSUDCOBBXXX and, for some countries, your home address.

Certain sending banks want the bank’s address in Bogota; it does no harm to include it. A typo in your account number is harder to fix than it looks.

An incoming payment will not always land in full. Intermediary banks may deduct a fee, Banco Gnb Sudameris may charge for incoming payments, and if the money is converted, an exchange rate margin applies. For business payments, it is common to state who bears the costs to avoid a shortfall.

Watch out for payment fraud

One of the most common tricks works like this: an email arrives with a message saying that a contact now has new bank details. A correct SWIFT code says nothing about who owns the account.

Never rely on a phone number from the same email that announces the change. Pressure and requests to keep it quiet tend to be warning signs – a real supplier can wait a day. If money has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Fraud also work the other way: someone sends more than agreed and wants you to refund the extra. A screenshot of a transfer is no proof – check your own account.

Paying someone abroad from your Banco Gnb Sudameris account

A bank transfer abroad can cost more than the fee suggests. On top of the transfer fee, correspondent or intermediary banks can deduct a fee, and if currencies are converted the bank often uses a rate below the real market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of routes, a transfer service turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. Next time you send money, it is worth to compare the total cost via GoldexPay. Using a transfer service does not require closing your account at Banco Gnb Sudameris: you simply pay the service from your account.

Is BSUDCOBB still correct? How to check

Ask the recipient to copy the bank details directly from their online banking. Check that code against BSUDCOBB on this page; if they differ, ask before you pay.

Errors in the SWIFT code are costly more than disastrous. Remember the account number: an error there can be more difficult to undo than a wrong code.

An automatic check by your bank only tells you that the IBAN exists, not that it is the right account. Some banks now check the name against the account. For a first payment, some people start with a small test amount.

Why Banco Gnb Sudameris has an 8- and an 11-character code

A BIC is made up of fixed blocks: the first four letters stand for the bank, the next two give the country and the two after that indicate the location. Together, these eight characters make up BSUDCOBB, the code most people search for.

The full version has three more characters for a branch or department. If the last three are XXX, they simply mean the head office, which is why BSUDCOBBXXX and BSUDCOBB lead to the same place.

Enter the code in one piece, in upper case and without spaces. Watch for the letter O and the digit 0 or I versus 1; they are easy to mix up.

How up to date is this code?

We collect SWIFT/BIC codes from public sources and check them from time to time. Still, banks merge, rename themselves or change codes. Counts and locations are from our own dataset and are not confirmed by Banco Gnb Sudameris.

Treat our directory on this page as a helpful check, and let the details from the recipient or Banco Gnb Sudameris have the final say. GoldexPay has no connection to Banco Gnb Sudameris. Spotted an error? Let us know through the contact page so we can correct it.