SWIFT/BIC codes in Ecuador: banks starting with B

Ecuador: banks and their SWIFT/BIC codes

This directory lists 467 banks and financial institutions in Ecuador. You need a SWIFT/BIC code mostly when making payments across borders and for payments in a foreign currency.

Choose a bank below to see the head office code and its other codes. Below the list we explain how a code from Ecuador is put together, how to send money there at a fair price and what to check before you pay.

Paying a bank in Ecuador from abroad

For Ecuador you will almost always need a SWIFT/BIC code – Ecuador is not a SEPA country. Without the BIC, most banks cannot send the transfer.

Not all countries use IBAN numbers – where there is none, the local account number is enough. The recipient’s bank often provides a list of required details for payments from abroad – follow them exactly. Before it arrives, a payment can pass through intermediary banks.

Check the code before you pay

Have the recipient send you the account details directly from their online banking. If the code you have differs from our list, stop and ask – contact the recipient or their bank.

The directory on GoldexPay draws on publicly available sources that we update periodically. Still, banks merge or change codes. Treat this list as a reference, not as the final word; the recipient’s bank details are leading. GoldexPay is an independent comparison site.

Watch out for invoices containing changed bank details, especially when they come by email. A valid BIC tells you nothing about whether a request is genuine – scammers use the codes of real banks.

Filter: banks in Ecuador with :letter

You are looking at a filtered list: just institutions in Ecuador whose name begins with :letter. The totals on this page cover every bank we list and not only this letter.

Some banks appear under their official name rather than the name on their app or website. Use the full list for Ecuador if you do not know the exact name.

How long does a transfer to Ecuador take?

There is no fixed answer for payments to Ecuador: many land the same day or the next while others need several business days. Bank holidays in either country add extra days to the journey.

When a payment takes longer than expected, the sender should contact the sending bank for a trace. Specialist transfer services usually show tracking online.

What the letters in a Ecuador BIC mean

SWIFT/BIC codes follow the same format worldwide: eight characters. The first four letters stand for the bank, characters five and six are the country code and characters seven and eight give the location.

For banks in Ecuador, characters five and six show the two-letter ISO code of Ecuador – that is the quickest way to spot one. When the country letters point to another country, the code belongs to a bank in another country, so check again.

The optional last three characters stand for a specific branch; XXX is used for the head office. For most transfers the head office code is fine unless the recipient asks for a specific branch.

Most SWIFT codes in Ecuador: Banco Pichincha C.a.

Banco Pichincha C.a. leads our list of Ecuador banks in SWIFT/BIC codes. The head office uses PICHECEQXXX – the code most transfers need.

Many codes usually means separate codes for branches, departments or services. If not a branch code is given, the head office code PICHECEQXXX works for a payment to Banco Pichincha C.a..

The US Dollar (USD) and conversion costs

The currency in Ecuador is the US Dollar (USD). Money sent in a different currency is exchanged into USD.

Who does the conversion has an effect on how much arrives. In many cases it is cheaper to send USD straight away via a transfer service that converts near the mid-market rate. On larger amounts, a seemingly small difference in the rate adds up quickly.

The cheapest way to send money to Ecuador

The price of a payment to Ecuador is made up of several parts – not only the fee you see. There is the transfer fee, possibly fees from correspondent banks and, most importantly, the margin on the exchange rate if the money is converted.

The markup on the rate is often the largest part of the cost. A simple test: put the offered rate against the mid-market rate and look at the difference.

For a lot of routes, a transfer service turns out to be cheaper than a bank. On GoldexPay we compare the amount that arrives in Ecuador across services, so you can pick the cheapest route.

Incoming international payments in Ecuador

When you expect money from abroad on an account in Ecuador, send the payer all details at once. In practice that means: your full name as your bank knows it, your account number or IBAN, the BIC of your bank and usually your address.

Look up your bank in the list above, but take the code from your own bank details when in doubt. You can include your bank’s name and city because some forms have separate fields for it.

The amount you receive is often less than the amount sent. Charges on incoming payments differ per bank. Agree with the sender who pays which costs.