Banco Desarrollo de Los Pueblos S.A. SWIFT/BIC code

Banco Desarrollo de Los Pueblos S.A. SWIFT code: CODSECEQ

The short code CODSECEQ and the 11-character code CODSECEQXXX refer to one and the same institution: Banco Desarrollo de Los Pueblos S.A.. A BIC has a single purpose: it ensures that an international payment ends up at the right bank. It comes up mainly when dealing with transfers between countries and payments in foreign currencies.

Further down we go through the practical questions: money coming in from abroad, sending money abroad and how to check the code before you confirm a payment. The SWIFT code on its own cannot identify a personal account; for that you need the IBAN or account number .

8 or 11 characters: CODSECEQ versus CODSECEQXXX

A SWIFT code is built from a few fixed parts: characters one to four identify the bank, the next two show the country and the two after that mark the location. For Banco Desarrollo de Los Pueblos S.A., the 8-character core is CODSECEQ.

Many banks and apps work with either length. If a form requires eleven characters, enter CODSECEQXXX.

Enter the code as one block, in capitals and without separators, exactly as shown here. A single letter can send the money to another bank, so copy it carefully.

Changed bank details? Be careful

Criminals regularly use payment requests containing new bank details. The fact that CODSECEQ exists is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Check new payment details through a separate channel, never via the email that asked for the change. Watch out for time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Call your bank without delay and ask them to try to recall the payment.

Scams also work the other way. Someone sends more than agreed and wants you to refund the difference. A screenshot of a transfer proves nothing – check your own account.

Transfer times and tracking a payment to Banco Desarrollo de Los Pueblos S.A.

There is no single delivery time for every transfer: some arrive the same day or the next while others need several business days. Payments made after the cut-off time or just before weekends and holidays often start a business day later. Extra checks on larger or unusual payments may also add some delay.

If the money is delayed, ask the sending bank for the tracking status or the UETR. Money transfer services often show a status in their app showing how far the payment is.

If the money does not arrive within the expected time, the sender should contact their own bank, not the receiving bank. As a recipient, you can look at your statements to see a partial amount because fees can reduce the amount.

Sending USD to Banco Desarrollo de Los Pueblos S.A.

The national currency in Ecuador is the US Dollar (USD). If you send money in a different currency gets converted at some point – by your bank, by Banco Desarrollo de Los Pueblos S.A. or by a bank in between. You rarely see a separate charge for that conversion.

Which bank converts the payment matters. Often you pay less if you send USD directly via a provider with a good rate rather than letting the receiving bank convert.

Exchange rates move all the time. If you pay regularly, a slightly better rate make a real difference over a year.

Where our SWIFT data comes from

The details here are taken from public sources. It can happen that information on this page is out of date, for example after a merger. The number of codes on this page reflect our own data, not official figures from Banco Desarrollo de Los Pueblos S.A..

For a payment of any size, always confirm the code with the recipient’s bank or the recipient. GoldexPay is not affiliated with Banco Desarrollo de Los Pueblos S.A., we only compare transfer services. If you notice a mistake, we appreciate a short note.

Choosing between the 2 SWIFT codes of Banco Desarrollo de Los Pueblos S.A.

We have 2 SWIFT/BIC codes for Banco Desarrollo de Los Pueblos S.A. in 2 cities. Besides the head office code CODSECEQXXX, you will find codes for individual branches and departments.

Unless the recipient tells you otherwise, go with CODSECEQXXX or its short form CODSECEQ. Only use a branch code when your contact gives you that exact code, for example on a letter or invoice.

The best way is to copy the code directly from the recipient’s bank details. Branch codes are more prone to change than the head office code when a bank merges or closes offices.

Receiving money from abroad at Banco Desarrollo de Los Pueblos S.A.

To receive a transfer from abroad into your account at Banco Desarrollo de Los Pueblos S.A., the person paying you needs more than the BIC. In practice that means: your name exactly as it appears on the account, your IBAN or account number, the BIC CODSECEQXXX and sometimes your postal address.

Certain banks want the address of Banco Desarrollo de Los Pueblos S.A., so keep it at hand. Check the details before you share them, because the sender’s bank usually copies them as is.

An incoming payment does not always arrive for the full amount. Charges on incoming payments vary per bank. On invoices, it is common to agree who bears the costs to avoid a shortfall.

What a transfer from Banco Desarrollo de Los Pueblos S.A. abroad really costs

When you transfer money to another country from Banco Desarrollo de Los Pueblos S.A., the fee you see is rarely all of the cost. Besides the transfer fee, correspondent or intermediary banks can deduct a fee, and when the money changes currency the bank often uses a rate that is less favourable than the real market rate.

Banks rarely list their exchange rate markup as a cost – you only notice it if you compare. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Specialised transfer providers frequently offer a rate near the mid-market rate with clearer fees. GoldexPay compares transfer providers next to each other, showing the amount the recipient gets before you commit. You can still use your account at Banco Desarrollo de Los Pueblos S.A. as the source of the money, while a cheaper service handles the conversion.

How to check CODSECEQ before you pay

Have the recipient copy their account details straight from their online banking. Check it with CODSECEQ on this page; if they differ, ask before you pay.

If the code is wrong, the payment may get stuck, be returned or cost extra, and tracing it can take weeks. Do not forget the IBAN: an error there is harder to undo than a wrong code.

Most online banking apps validate the format of an IBAN, but that does not prove the account belongs to the right person. Some banks now check the payee name against the account before you confirm – do not ignore a mismatch warning. A small test payment is a sensible step for large sums despite the extra fee.