Banco Amazonas S.A. SWIFT/BIC code

BASAECEG – the SWIFT/BIC code of Banco Amazonas S.A.

BASAECEG and BASAECEGXXX are two spellings of the same bank identifier, and both point to Banco Amazonas S.A. in Guayaquil. The code does one job: it makes sure that money from abroad ends up at the right bank. In daily life you mostly come across the code on invoices from abroad, in your banking app and on the account details that Banco Amazonas S.A. provides.

This page is meant to help anyone who receives money at an account at Banco Amazonas S.A. without mistakes. Keep in mind that the SWIFT code just identifies the bank, not the account: the IBAN or account number takes care of that.

How up to date is this code?

The directory on GoldexPay is compiled from publicly available sources. It is possible that information on this page is out of date after a merger or reorganisation. Figures such as the number of codes come from our directory and may differ from what Banco Amazonas S.A. publishes.

Treat the information on this page as a handy check. GoldexPay is an independent comparison service and not part of Banco Amazonas S.A.. Spotted outdated information? Let us know via our contact form and we will look into it.

What the XXX in BASAECEGXXX means

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, a two-letter country code and a two-character location code. In this case, the 8-character core is BASAECEG.

The long version has a three-character extension that identify a branch or department. When those three characters are XXX, the code points to the head office, which is why BASAECEGXXX and BASAECEG lead to the same place.

In practice the code is written in capitals, without spaces or dashes. A wrong character may route a payment to another bank, so check it twice.

Choosing between the 2 SWIFT codes of Banco Amazonas S.A.

With 2 codes in 2 locations, Banco Amazonas S.A. is one of the banks that use separate codes for parts of the organisation and departments. The head office code is BASAECEGXXX.

In most cases there is no need to pick a branch: payments sent to BASAECEGXXX reach Banco Amazonas S.A. correctly. Only use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

Not sure which code to use? Ask the recipient, or look at a recent statement from Banco Amazonas S.A.. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

What to give a sender who pays you at Banco Amazonas S.A.

To receive a transfer from abroad into your account at Banco Amazonas S.A., the person paying you needs more than the SWIFT code. That means: your full name exactly as it appears on the account, your account number or IBAN, the BIC BASAECEGXXX (or BASAECEG) and usually your postal address.

Their bank might also ask for the address of your bank, in which case the Guayaquil head office is the usual answer. A typo in your account number can be harder to fix than you might think, so copy the details from your online banking.

Money from abroad will not always land for the full amount. Charges on incoming payments differ per bank – the price list of Banco Amazonas S.A. tells you what applies. Make clear with the sender who covers the fees, especially for larger amounts.

Paying into Banco Amazonas S.A. in USD

Accounts at Banco Amazonas S.A. are typically held in USD, the national currency. Money sent in a different currency will be converted into USD on its way to Banco Amazonas S.A.. Every conversion costs something, even when no fee is shown.

Where the conversion happens has an effect on the final amount, since every bank sets its own rate. Often it is cheaper if you send USD straight away through a provider that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for USD changes constantly, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate make a real difference over time.

Before you send: check the Banco Amazonas S.A. code

Have the recipient copy the bank details directly from their banking app. If the code you have does not match BASAECEG or BASAECEGXXX, do not guess: check with the recipient or with Banco Amazonas S.A. directly.

Mistakes in the BIC tend to be annoying rather than disastrous. Do not forget the IBAN: a mistake there is harder to undo than a wrong code.

Most online banking apps check the structure of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. More and more banks compare the payee name with the account – do not ignore a mismatch warning. When you pay someone new, many people start with a small amount first before sending the rest.

Changed bank details? Be careful

One of the most common tricks goes like this: you receive a request saying that a company now has a new bank account. A correct SWIFT code says nothing about who owns the account.

Always verify a change of bank details by phone on a number you know, not one from the message. Urgency and requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Call the bank you paid from without delay and have them start a recall and report the fraud.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to send back the difference. Do not act before the money has really arrived – ask Banco Amazonas S.A. if something looks wrong.

Transfer times and tracking a payment to Banco Amazonas S.A.

An international transfer usually takes anywhere from one to several business days. Payments made late in the day or just before weekends and holidays often go out a business day later. Extra checks by one of the banks can also add some delay, regardless of the details.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer carries a unique reference, the UETR. Save your transfer receipt.

Only the sending bank can request a trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, it helps to look at your statements to see a slightly lower amount because fees can reduce the amount.

What a transfer from Banco Amazonas S.A. abroad really costs

The price of a payment abroad is made up of several parts. On top of a fixed fee, correspondent or intermediary banks can deduct a fee, and if currencies are converted, the bank usually uses a rate below the real market rate.

That exchange rate margin is often the largest item because it is hidden in the rate. An easy check: put the rate you get against the mid-market rate and look at the difference.

Specialist money transfer services frequently use a rate near the mid-market rate with clearer fees. Before your next transfer, take a minute to compare what arrives via GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Banco Amazonas S.A.; only the conversion and sending happen elsewhere.