Asociacion Cibao de Ahorros y Prestamos SWIFT/BIC code

SWIFT/BIC code of Asociacion Cibao de Ahorros y Prestamos

Whether you are given ACIBDOSX or ACIBDOSXXXX, it is the identical identifier for Asociacion Cibao de Ahorros y Prestamos in Dominican Republic. Every bank on the SWIFT network uses BIC codes to route international transfers to the right bank. In practice you mostly see it on international invoices, in payment forms and in the bank details of Asociacion Cibao de Ahorros y Prestamos customers.

Further down you will find the practical side: receiving money at Asociacion Cibao de Ahorros y Prestamos, sending money abroad and how to verify a SWIFT code before you hit send. Remember that the BIC just identifies the bank, not the account: the account number or IBAN takes care of that.

Which of the 2 codes of Asociacion Cibao de Ahorros y Prestamos do you need?

We have 2 SWIFT/BIC codes for Asociacion Cibao de Ahorros y Prestamos in 2 places. Next to the head office code ACIBDOSXXXX, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, use ACIBDOSXXXX or its short form ACIBDOSX. A branch code only makes sense when the recipient’s bank specifically mentions it.

The safest route is to take the code directly from the account holder’s bank details. Branch codes can change over time, so do not rely on old paperwork.

About this information

The codes on this page are taken from public sources. It is possible that information on this page is no longer current, for example after a merger. The figures we show reflect what is in our directory, not official figures from Asociacion Cibao de Ahorros y Prestamos.

Treat this page as a starting point, rather than as the final word: the recipient’s bank details come first. GoldexPay is independent of Asociacion Cibao de Ahorros y Prestamos. Found outdated information? Let us know via our contact form.

Receiving money from abroad at Asociacion Cibao de Ahorros y Prestamos

For an international payment at Asociacion Cibao de Ahorros y Prestamos, the sender needs more than the BIC. Give them your name as the bank knows it, the IBAN or account number, the BIC ACIBDOSXXXX and your address.

Some sending banks also ask for the name and address of Asociacion Cibao de Ahorros y Prestamos in Santiago de Los Caballeros; it does no harm to include it. A mistake in the IBAN can be harder to fix than you might think; copy them from your banking app rather than typing.

The amount you receive can be lower than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, a markup on the rate applies. Agree with the sender who pays which costs.

8 or 11 characters: ACIBDOSX versus ACIBDOSXXXX

The structure of every SWIFT code never changes: a bank code of four letters, a two-letter country code and two for the location. Combined, those parts make up ACIBDOSX.

The long version has a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, so ACIBDOSXXXX and ACIBDOSX are interchangeable.

As a rule the code is written in capitals. Watch for O versus 0 or I versus 1.

Watch out for payment fraud

Be alert when a contact suddenly asks you to send money to a different account. A correct SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Check changed payment details through a different channel, never via the email that asked for the change. Watch out for urgent requests, odd spelling or a sender address that is slightly off. When money has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

People receiving money are targeted too: one known trick is an overpayment followed by a request to refund the difference. Do not act before the money is actually in your account – ask Asociacion Cibao de Ahorros y Prestamos if something looks wrong.

How long does an international transfer to Asociacion Cibao de Ahorros y Prestamos take?

There is no single answer: many land within a day, others take several business days. Transfers sent after the cut-off time or just before a weekend or public holiday usually start the next business day. Extra checks by one of the banks can also cause some delay.

Many banks are connected to SWIFT gpi. Every payment carries a unique transaction reference, the UETR. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money can request a trace or a recall. On the receiving end, it helps to check your statements for a partial amount, since fees may have been deducted.

Sending money abroad from Asociacion Cibao de Ahorros y Prestamos

When you send money to another country through Asociacion Cibao de Ahorros y Prestamos, the fee you see is only part of the cost. There is the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, above all, the margin on the exchange rate if the currency changes.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts using an exchange rate that includes a margin. Compare their rate with the mid-market rate; the gap is what conversion costs you.

For many currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, take a minute to compare what arrives on GoldexPay instead of going straight to your bank. Choosing a specialist does not require leaving Asociacion Cibao de Ahorros y Prestamos: you simply pay the service from your account.

Verifying the SWIFT code of Asociacion Cibao de Ahorros y Prestamos

The best place to find the right code is paperwork issued by the bank. Check that code against ACIBDOSX on this page; if they differ, ask before you pay.

If the code is wrong, the payment may be delayed, be returned or end up costing more – sometimes after weeks of searching. Remember the account number: an error there is more difficult to correct than a wrong code.

Many banking apps validate the format of an IBAN and some suggest the matching BIC. Some banks now compare the payee name with the account before you confirm; take any warning seriously. For a first payment, some people start with a small test amount.