Banco de Guayaquil SWIFT/BIC code

SWIFT/BIC code of Banco de Guayaquil

Whether you are given GUAYECEG or GUAYECEGXXX, you are looking at the same identifier for Banco de Guayaquil in Ecuador. A BIC has a single purpose: it makes sure that money from abroad ends up at the right bank. In daily life you mostly see it on invoices from abroad, in your banking app and in the bank details that Banco de Guayaquil provides.

On this page you can read what the code is put together, when it matters and which other details a transfer to or from Banco de Guayaquil requires. The SWIFT code on its own does not identify an individual account holder; for that you need the IBAN or account number .

Banco de Guayaquil: head office code versus branch codes

Our database contains 7 SWIFT/BIC codes for Banco de Guayaquil in 3 places. Next to the head office code GUAYECEGXXX, there are codes for individual branches and departments.

In most cases you do not need to look up a branch: transfers sent to GUAYECEGXXX are routed within Banco de Guayaquil without problems. When you receive a branch code, use it as it is rather than swapping it with the head office code.

Unsure which code applies? Ask the recipient, or look at a recent statement from Banco de Guayaquil. Codes are sometimes changed or retired over time.

Tracking a transfer to or from Banco de Guayaquil

A SWIFT payment typically needs one to a few business days – it depends on currency, route and the banks in between. Bank holidays in the sending or receiving country can add a day or more to the journey. Occasionally a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, contact the sending bank about the tracking status and the transaction reference so they can trace it along the chain. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

A delayed transfer is traced by the sending bank. Ask the sender for the payment receipt including the reference – it helps your own bank look for the money.

Paying someone abroad from your Banco de Guayaquil account

A bank transfer abroad costs more than the listed fee. Besides a fixed fee, banks in between may deduct a fee, and when the money changes currency, the bank usually uses a rate below the actual market rate.

That exchange rate margin is often the biggest cost even though it is not listed as a fee. A simple test: set the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

Specialised transfer providers frequently offer a rate near the mid-market rate. On GoldexPay you can compare the amount that arrives across services, so you can pick the cheapest route. You can still keep your account at Banco de Guayaquil to fund the transfer, while a cheaper service handles the conversion.

US Dollar (USD) and conversion costs

Accounts at Banco de Guayaquil are usually held in USD, the local currency of Ecuador. A payment in a foreign currency is exchanged into USD before it reaches the account. Each conversion eats into something – usually through the rate rather than a fee.

Which bank converts the money makes a difference, because each party uses its own rate. In many cases you pay less if you send USD straight away via a transfer service with a good rate, so that the receiving bank does not need to convert again.

The rate for USD changes constantly and quotes are often valid only for a short time. For regular payments, a slightly better rate add up over time.

What to give a sender who pays you at Banco de Guayaquil

If you expect money from abroad, give the sender all details at once. In practice that means: your name as registered with Banco de Guayaquil, your account number or IBAN, the SWIFT/BIC code GUAYECEGXXX and, often, your postal address.

You can include Banco de Guayaquil and its city as well, because some payment forms have separate fields for them. A mistake in your account number is more trouble than you might think; copy them from your banking app rather than typing.

Expect that the amount credited is smaller than what the sender paid. Charges on incoming payments differ per bank; check the price list of Banco de Guayaquil. Make clear with the sender who covers the fees.

How up to date is this code?

We collect bank codes using publicly available data and check them from time to time. It is possible that information on this page is no longer current, for example after a merger. Figures such as the number of codes come from our directory and may differ from what Banco de Guayaquil publishes.

Use our data as a starting point, rather than as the final word: the recipient’s bank details come first. GoldexPay is an independent comparison service and not part of Banco de Guayaquil. Should you notice something that is out of date, we appreciate a message via the contact page.

GUAYECEG or GUAYECEGXXX – which one to use?

The layout of every SWIFT code never changes: a bank code of four letters, two for the country and a two-character location code. In this case, the 8-character core is GUAYECEG.

The long version has three more characters for a branch or department. When those three characters are XXX, the code points to the head office, so GUAYECEGXXX and GUAYECEG are interchangeable.

Do not add spaces, dots when you type GUAYECEG. A single letter can send a payment to another bank, so check it twice.

Verifying the SWIFT code of Banco de Guayaquil

The safest source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check it against GUAYECEG here; if they differ, ask before you pay.

If the code is wrong, the payment might get stuck, bounce back or end up costing more – sometimes after weeks of searching. Remember the IBAN: an error there can be harder to undo than a wrong BIC.

A format check by your bank merely tells you that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a name check before sending gives extra certainty. A small test payment can be worth it for a large first payment.

Protect yourself against fake payment requests

A common scam goes like this: an email arrives with a request saying that a company now has new bank details. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Before paying, confirm a change of bank details by phone, using a number you already had. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If a payment was sent to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Scams can also work the other way: someone claims to have sent too much and wants you to return the difference to a new account. A screenshot of a transfer is no proof; only your own account shows what has arrived.