Itau Securities Services Colombia S.A. SWIFT/BIC code

SWIFT/BIC code of Itau Securities Services Colombia S.A.

BSCHCOBB and BSCHCOBBXXX are two ways of writing the same SWIFT/BIC code, and both point to Itau Securities Services Colombia S.A. in Bogota. The code does one job: it ensures that an international payment reaches the right bank. In daily life you usually come across the code on international invoices, in your banking app and in the bank details that Itau Securities Services Colombia S.A. provides.

Below we go through the practical side: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you confirm a payment. Keep in mind that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

Before you send: check the Itau Securities Services Colombia S.A. code

The safest source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Compare that code against BSCHCOBB here.

A wrong SWIFT code may lead to delays, a payment being sent back or extra fees. Remember the IBAN: a mistake there is more difficult to undo than a wrong code.

Many banking apps check the format of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a name check on the recipient adds an extra layer of safety. For a first payment, many people send a small test amount before sending the rest.

Head office or branch code at Itau Securities Services Colombia S.A.?

Itau Securities Services Colombia S.A. has 5 separate SWIFT/BIC codes across 3 cities. Only one is the head office code; the others belong to branches.

For most payments to a private or business account, the head office code BSCHCOBBXXX works fine. A branch code only makes sense when the recipient’s bank explicitly mentions it, which is more common for corporate accounts and specialised services.

The safest route is to take the code straight from the recipient’s invoice. Codes for branches are more likely to change than BSCHCOBBXXX.

Why Itau Securities Services Colombia S.A. has an 8- and an 11-character code

Every SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. In this case, the 8-character core is BSCHCOBB.

The 11-character version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, which is why BSCHCOBBXXX and BSCHCOBB lead to the same place.

Do not add spaces, dots when you type BSCHCOBB or BSCHCOBBXXX. Watch for O versus 0 and the letter I and the digit 1, a common source of typos.

Tracking a transfer to or from Itau Securities Services Colombia S.A.

How quickly a transfer reaches Itau Securities Services Colombia S.A. depends on a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made after the cut-off time or on weekends and holidays often start a business day later. Sometimes a bank asks about the purpose of a payment.

When a payment takes longer than expected, ask your bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Save your transfer receipt until the money has arrived.

The bank that sent the money can start an official trace or a recall. Request from the sender a copy of the payment confirmation with the date and reference.

What a transfer from Itau Securities Services Colombia S.A. abroad really costs

A bank transfer abroad costs more than the listed fee. There is the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup if the currency changes.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. Compare their rate with the mid-market rate. The difference is your real conversion cost.

For many routes, a transfer service is cheaper than a bank. GoldexPay lists these services next to each other, showing what actually arrives for the same amount sent. You can still keep your account at Itau Securities Services Colombia S.A. as the source of the money; only the conversion and sending happen elsewhere.

How up to date is this code?

Our SWIFT/BIC directory is compiled from public sources. Still, banks merge or retire codes, so information can be out of date. Figures such as the number of codes are from our own dataset.

Treat our directory here as a helpful check and rely on the recipient or Itau Securities Services Colombia S.A. for the final confirmation. GoldexPay is an independent comparison service and not part of Itau Securities Services Colombia S.A.. Spotted an error? Tell us via our contact form so we can correct it.

Getting paid from abroad into a Itau Securities Services Colombia S.A. account

For a transfer from abroad at Itau Securities Services Colombia S.A., the person paying you needs not just the SWIFT code. That means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code BSCHCOBBXXX (or BSCHCOBB) and, often, your address.

The sender’s bank might also ask for the address of your bank; the head office in Bogota is usually fine. Double-check each detail before you send them.

An incoming payment will not always arrive for the full amount. Fees for incoming transfers vary from bank to bank; check the price list of Itau Securities Services Colombia S.A.. On invoices, you can agree how the fees are split, so that nobody is left short.

Protect yourself against fake payment requests

Criminals often send payment requests containing new bank details. A correct SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Never rely on contact details from the same email that announces the new account. Pressure and requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. When money was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

Scams can also target the receiver: someone sends too much and asks you to return the extra via a different route. Wait until the money has really arrived and check with Itau Securities Services Colombia S.A. if anything seems off.