Banco Bolivariano C.a. SWIFT/BIC code

Banco Bolivariano C.a. SWIFT code: BBOLECEG

If an invoice shows BBOLECEG or BBOLECEGXXX, it is the identical address for Banco Bolivariano C.a. in Ecuador. Every bank on the SWIFT network uses BIC codes to direct international transfers to the right institution. In practice you usually see it on invoices from abroad, in payment forms and in the bank details of Banco Bolivariano C.a. customers.

On this page you can read what the code is put together, when it matters and what else you need for a transfer to or from Banco Bolivariano C.a.. The BIC names a bank or branch, never a single account, which is why you always need the account number too.

Transfer times and tracking a payment to Banco Bolivariano C.a.

There is no fixed answer for every transfer: some land within a day. Transfers sent late in the day or just before a weekend or public holiday usually go out a business day later. Sometimes a bank asks about the purpose of a payment before releasing it.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Keep your transfer receipt until the recipient confirms – you will need it for any trace request.

If a payment has not arrived after a few business days, the sender should contact the bank that sent it. Request from the sender the payment receipt including the reference; that often settles the question quickly.

Paying someone abroad from your Banco Bolivariano C.a. account

If you transfer money abroad through Banco Bolivariano C.a., the fee you see is only part of what you pay. There is the transfer fee, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate when the money is converted.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Money transfer services often use a rate near the mid-market rate and lower fees. GoldexPay compares what recipients receive across services. Choosing a specialist does not require closing your account at Banco Bolivariano C.a.: you simply pay the service from your account.

A note on our data

The codes on this page come from public sources which we refresh regularly. Institutions merge, close branches and retire codes – a directory can be a step behind. The number of codes we show reflect what is in our directory and not on information from Banco Bolivariano C.a. itself.

See our directory here as a helpful check, and let the details from the recipient or Banco Bolivariano C.a. have the final say. We are a comparison site for money transfers and not affiliated with Banco Bolivariano C.a.. Found outdated information? Tell us via our contact form so we can correct it.

Incoming international payments to Banco Bolivariano C.a.

If you expect money from abroad, send the payer all details at once. The basics are: your name, IBAN or account number, BBOLECEGXXX and in many cases your postal address.

Some sending banks want the name and address of Banco Bolivariano C.a. in Guayaquil. A typo in your account number is more trouble than it looks.

The amount you receive can be less than what was sent. Fees for incoming transfers vary per bank; check the price list of Banco Bolivariano C.a.. For business payments, it is common to state how the fees are split, so that nobody is left short.

US Dollar (USD) and conversion costs

The currency in Ecuador is the US Dollar (USD). A payment in a foreign currency will be exchanged into USD – and the bank that does it picks the rate. There is rarely a separate line for the conversion.

Where the conversion happens has an effect on how much arrives, as rates and margins differ per bank. Sending the money already in USD usually avoids an extra conversion.

The USD rate changes constantly. On larger amounts, a seemingly small difference in the rate can be worth more than the fee.

Choosing between the 2 SWIFT codes of Banco Bolivariano C.a.

Having 2 codes, Banco Bolivariano C.a. is one of the banks that register separate codes for branches. The head office code remains BBOLECEGXXX.

Unless the recipient tells you otherwise, go with BBOLECEGXXX or its short form BBOLECEG. Only use a branch code when the account holder gives you that exact code.

The safest approach is to copy the code directly from the recipient’s bank details. Branch codes can change over time, so a code from an old document is not always valid.

How to check BBOLECEG before you pay

The most reliable place for the right code is paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have differs from BBOLECEG or BBOLECEGXXX, do not guess: check with the recipient or with Banco Bolivariano C.a. directly.

An incorrect BIC may lead to a delay, a returned payment or additional charges for investigation. An error in the IBAN or account number can be a bigger problem; check it just as carefully.

Most online banking apps check the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks check the name against the account. When you pay someone new, some people start with a small test amount.

Changed bank details? Be careful

Be wary when a contact unexpectedly wants you to pay into another account abroad. The fact that BBOLECEG exists does not mean that the account is genuine – fraudsters use real bank codes as well.

Do not trust contact details in the same message that announces the new account. Watch out for urgent requests, unusual wording or an email address that differs by one letter. When a payment has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Fraud also work the other way: someone sends more than agreed and wants you to refund the difference. A payment confirmation from the sender is no proof – check your own account.

8 or 11 characters: BBOLECEG versus BBOLECEGXXX

The layout of a BIC never changes: a bank code of four letters, a two-letter country code and a two-character location code. Combined, these eight characters make up BBOLECEG, the code most people search for.

XXX at the end of BBOLECEGXXX does not stand for a missing value or an error: it indicates the main office of Banco Bolivariano C.a.. Some banking apps ask for 11 characters, and then you can enter XXX behind BBOLECEG.

Enter the code in one piece, in capitals and without spaces, exactly as shown here. Watch for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.