Banco del Azuay SWIFT/BIC code

What BAAZECE1 means for a payment to Banco del Azuay

The 8-character code BAAZECE1 and the 11-character code BAAZECE1XXX refer to one and the same institution: Banco del Azuay. A BIC has a single purpose: it makes sure that a cross-border transfer ends up at the right bank. You will need it mostly when dealing with transfers between countries or a currency.

Further down we go through the practical side: money coming in from abroad, paying someone in another country and how to verify the code before you hit send. The BIC identifies a bank or branch, not a specific account.

How to check BAAZECE1 before you pay

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Check that code against BAAZECE1 on this page.

If the code is wrong, the transfer might get stuck, be returned or cost extra – sometimes after weeks of searching. Do not forget the account number: an error there can be harder to correct than a wrong code.

A format check by your bank merely tells you that the IBAN exists. Some banks now check the payee name against the account before you confirm; take any warning seriously. A small test payment is worth it for a large first payment, even if it costs an extra fee.

Paying someone abroad from your Banco del Azuay account

An international bank payment can cost more than the fee suggests. You pay the transfer fee, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup.

Many banks rarely show their exchange rate markup separately. An easy check: put the bank’s rate against the mid-market rate and look at the difference.

Specialist money transfer services frequently use a rate near the mid-market rate and lower fees. GoldexPay compares these services next to each other, showing the amount the recipient gets for the same amount sent. Using a transfer service does not require closing your account at Banco del Azuay: you simply pay the service from your account.

Protect yourself against fake payment requests

Criminals often send fake invoices containing changed bank details sent from what looks like a familiar address. That BAAZECE1 is a real code is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Never trust contact details from the same email that announces the change. Urgency or secrecy tend to be red flags – a real supplier can wait a day. Acted too fast? Call the bank you paid from straight away and ask them to start a recall.

Fraud also work the other way. Someone sends more than agreed and wants you to refund the extra via a different route. Wait until the money has really arrived.

Paying into Banco del Azuay in USD

Ecuador pays in the US Dollar. Money sent in a different currency is converted into USD before it reaches the account. You rarely see a separate charge for the conversion; it is built into the rate.

Which bank converts the payment matters: every bank has its own margin. Sending the amount already in USD usually avoids an extra conversion, provided the rate you get is fair.

The rate for USD fluctuates constantly, so the amount you see is usually only valid for a short time. With bigger transfers, even small gap in the rate can be worth more than the fee.

BAAZECE1 or BAAZECE1XXX – which one to use?

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. The result is BAAZECE1 for Banco del Azuay.

Many payment forms accept both lengths. If a form requires eleven characters, use BAAZECE1XXX.

Type the code as one block, in capitals and without spaces. Look out for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

Where our SWIFT data comes from

The codes on this page come from publicly available data which we refresh regularly. It is possible that a code here is out of date after a merger or reorganisation. The figures on this page reflect what is in our directory and not on information from Banco del Azuay itself.

See the information on this page as a handy check, and let the details from the recipient or Banco del Azuay have the final say. GoldexPay is an independent comparison site for money transfers and not affiliated with Banco del Azuay. Should you notice a mistake, we welcome a short note.

Tracking a transfer to or from Banco del Azuay

There is no fixed answer for every transfer: many land within a day, others take several business days. Payments made late in the day or just before weekends and holidays often go out the next business day. Extra checks on larger or unusual payments can also add a delay.

When a payment takes longer than expected, ask the sending bank for the status. Money transfer services usually show a status in their app showing how far the money has got.

If the money does not arrive within the expected time, the person who paid should start with their own bank. Ask the sender for the payment receipt with the date and reference.

Getting paid from abroad into a Banco del Azuay account

Someone abroad who wants to pay you needs several details about your account. Share your name as the bank knows it, the IBAN or account number, SWIFT code BAAZECE1XXX and your address, which some banks require.

Certain sending banks also ask for the address of Banco del Azuay. A typo in the IBAN is harder to fix than you might think.

What lands in your account is often lower than what was sent. Intermediary banks may deduct a fee, Banco del Azuay may charge for incoming payments, and if the money is converted, a markup on the rate applies. Make clear with the sender who pays which costs before the money is sent.

Which of the 2 codes of Banco del Azuay do you need?

Our database contains 2 SWIFT/BIC codes for Banco del Azuay in 2 places. Next to the head office code BAAZECE1XXX, there are codes for regional offices and specialised units.

In most cases there is no need to pick a branch: transfers addressed to BAAZECE1XXX are routed within Banco del Azuay correctly. Just use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

Not sure which code to use? Check with the recipient or the bank itself. Branch codes are more prone to be retired than BAAZECE1XXX when a bank merges or closes offices.