Corporacion Financiera del Transporte S.A. SWIFT/BIC code

SWIFT/BIC code of Corporacion Financiera del Transporte S.A.

TRFCCOB1 and TRFCCOB1XXX are two spellings of the same SWIFT/BIC code, and both point to Corporacion Financiera del Transporte S.A. in Bogota. A SWIFT code tells the sending bank exactly which bank should receive the money, a bit like a postal address for banks. In practice you mostly come across the code on invoices from abroad, in your banking app and in the bank details that Corporacion Financiera del Transporte S.A. provides.

Further down we go through the practical questions: receiving money at Corporacion Financiera del Transporte S.A., sending money abroad and how to check the code before you confirm a payment. The BIC identifies a bank or branch, not a specific account.

Incoming international payments to Corporacion Financiera del Transporte S.A.

For a transfer from abroad at Corporacion Financiera del Transporte S.A., the sender has to have not just the SWIFT code. What they need is: the account holder’s name, IBAN or account number, TRFCCOB1XXX and, for some countries, your postal address.

Their bank might also ask for the address of your bank; the head office in Bogota is usually fine. A typo in your account number is more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account is often less than the amount sent. Correspondent banks can take a fee, and when currencies differ, a markup on the rate applies. For business payments, it is common to state how the fees are split, so that nobody is left short.

A note on our data

This directory is compiled from publicly available sources and we update it periodically. Still, banks merge, rename themselves or retire codes, so information can be out of date. The number of codes on this page reflect our own data.

Treat the information on this page as a helpful check, and let the details from the recipient or Corporacion Financiera del Transporte S.A. have the final say. GoldexPay is not affiliated with Corporacion Financiera del Transporte S.A.. If you notice a mistake, we welcome a short note via the contact page.

How to check TRFCCOB1 before you pay

Have the recipient copy the account details straight from a recent statement. Check that code with TRFCCOB1 on this page and ask if anything does not match.

If the code is wrong, the payment may get stuck, bounce back or cost extra – sometimes after weeks of searching. Remember the account number: a mistake there can be more difficult to undo than a wrong BIC.

Many banking apps validate the structure of IBANs and sometimes look up the BIC automatically. More and more banks check the payee name with the account before you confirm – do not ignore a mismatch warning. When you pay someone new, many people start with a small amount first before sending the rest.

Scams that use SWIFT codes

Be alert when someone suddenly wants you to send money to another account or a bank in another country. A real SWIFT code says nothing about whether the request is genuine.

Before paying, confirm changed bank details by phone. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Contact the bank you paid from straight away and ask them to try to recall the payment and report the fraud.

People receiving money are targeted too: one known trick is a buyer who pays too much followed by a request to send back the difference abroad. Wait until the money is actually in your account – ask Corporacion Financiera del Transporte S.A. if something looks wrong.

Why Corporacion Financiera del Transporte S.A. has an 8- and an 11-character code

The structure of a BIC never changes: a bank code of four letters, a two-letter country code and a two-character location code, sometimes followed by a branch code. That gives you TRFCCOB1.

XXX at the end of TRFCCOB1XXX is not a placeholder or a mistake: it stands for the head office of Corporacion Financiera del Transporte S.A.. Some forms insist on 11 characters, in which case you can add XXX after TRFCCOB1.

Enter the code in one piece, in capitals and without separators, exactly as shown here. Watch for the letter O and the digit 0 or the letter I and the digit 1.

Which of the 2 codes of Corporacion Financiera del Transporte S.A. do you need?

With 2 codes, Corporacion Financiera del Transporte S.A. belongs to the banks that register separate codes for branches. The main code is TRFCCOB1XXX.

In most cases you do not need to pick a branch: payments addressed to TRFCCOB1XXX are routed within Corporacion Financiera del Transporte S.A. without problems. If you have been given a branch code, use it as it is instead of swapping it for the head office code.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes are more prone to change than the head office code.

What a transfer from Corporacion Financiera del Transporte S.A. abroad really costs

When you transfer money to another country from Corporacion Financiera del Transporte S.A., the fee you see is rarely all of the cost. There is the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, 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 with a margin built in. Check the rate you are offered with the mid-market rate.

For a lot of routes, a transfer service is cheaper than a traditional bank transfer. GoldexPay lists transfer providers side by side, showing what actually arrives before you commit. You can still keep your account at Corporacion Financiera del Transporte S.A. as the source of the money.

How long does an international transfer to Corporacion Financiera del Transporte S.A. take?

How quickly a payment reaches Corporacion Financiera del Transporte S.A. depends on several factors: which currency you send, the number of banks in between, daily processing deadlines and time zones. Bank holidays in the sending or receiving country add a day or more to the journey. Compliance checks by one of the banks may also add some delay, regardless of the details.

A growing number of banks use SWIFT gpi. Each gpi transfer carries a unique reference, the UETR, which your bank can use to see where the money is. Save the payment confirmation until the recipient confirms.

If a payment has not arrived within the expected time, the sender should contact their own bank, not the receiving bank. On the receiving end, it helps to check your account for a partial amount.