Banco Internacional S.A. SWIFT/BIC code

BINTECEQ – the SWIFT/BIC code of Banco Internacional S.A.

The 8-character code BINTECEQ and the 11-character code BINTECEQXXX identify one and the same institution: Banco Internacional S.A. in Quito, Ecuador. The code has a single purpose: it makes sure that a cross-border transfer reaches the right bank. It comes up mainly for payments that cross a border and payments in foreign currencies.

Below you will find the practical questions: receiving money at Banco Internacional S.A., paying someone in another country and how to verify the code before you confirm a payment. The SWIFT code on its own does not identify an individual account holder; that is what the IBAN or account number is for.

How to check BINTECEQ before you pay

Have the recipient copy their account details straight from their online banking. Compare that code with BINTECEQ on this page and ask if anything does not match.

An incorrect BIC may lead to a delay, a returned payment or additional charges. A mistake in the IBAN or account number can be a bigger problem, because the money may be credited to someone else; check it just as carefully.

An automatic check in your banking app only tells you that the IBAN exists. Some banks now check the name with the account – do not ignore a mismatch warning. When you pay someone new, some people send a small test amount before sending the rest.

The US Dollar and what conversion costs you

Most accounts at Banco Internacional S.A. are typically held in USD, the local currency. If you send another currency, the amount has to be converted somewhere along the way – by your bank, by Banco Internacional S.A. or by a bank in between. Every conversion eats into something.

Which bank converts the money makes a difference: every bank has its own margin. Sending the money already in USD often prevents a second conversion, provided the rate you get is fair.

The USD rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. On larger amounts, a seemingly small gap in the rate can be worth more than the fee.

Where our SWIFT data comes from

We collect SWIFT/BIC codes using public sources and check our list from time to time. It is possible that information here is out of date, for example after a merger. The figures on this page are based on our own data.

For a payment that matters, confirm the BIC with Banco Internacional S.A. or the recipient. GoldexPay is not affiliated with Banco Internacional S.A.; we are a comparison site for money transfers. Should you notice something that is out of date, we welcome a message via the contact page.

Which of the 2 codes of Banco Internacional S.A. do you need?

With 2 codes, Banco Internacional S.A. belongs to the banks that use individual codes for branches. The head office code is BINTECEQXXX.

Usually there is no need to look up a branch: transfers sent to BINTECEQXXX are routed within Banco Internacional S.A. without problems. A branch code only makes sense if the recipient’s bank specifically mentions it, which is more common for business accounts and specialised services.

Unsure which code applies? Ask the recipient. Codes for branches are more likely to be retired than BINTECEQXXX when a bank merges or closes offices.

Getting paid from abroad into a Banco Internacional S.A. account

When you are waiting for money from abroad, send the payer everything they need in one go. That means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code BINTECEQXXX and sometimes your address.

It helps to add Banco Internacional S.A. and its city as well, because some payment forms have separate fields for them. Check the details before you share them.

Money from abroad does not always land in full. Correspondent banks can take a fee, Banco Internacional S.A. may charge for incoming payments, and when currencies differ, a markup on the rate comes on top. Agree with the sender who pays which costs.

Changed bank details? Be careful

Criminals often use fake invoices containing changed bank details. The fact that BINTECEQ exists is no guarantee that the account is genuine.

Never trust contact details in the same message that contains the new account. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. Acted too fast? Contact your bank without delay and ask them to start a recall and report the fraud.

Scams also work the other way. Someone sends too much and wants you to return the difference. Wait until the money is actually in your account – ask Banco Internacional S.A. if something looks wrong.

Tracking a transfer to or from Banco Internacional S.A.

How quickly a transfer reaches Banco Internacional S.A. depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and time zones. Payments made late in the day or just before weekends and holidays often start a business day later. Compliance checks on larger or unusual payments may also cause a delay.

A growing number of banks are connected to SWIFT gpi. Every payment gets a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation.

The bank that sent the money is able to request a trace or a recall. As a recipient, it helps to look at your account for a slightly lower amount because fees can reduce the amount.

8 or 11 characters: BINTECEQ versus BINTECEQXXX

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 BINTECEQ for Banco Internacional S.A..

The long version has three more characters for a branch or department. If the last three are XXX, they simply mean the head office, so BINTECEQXXX and BINTECEQ are interchangeable.

Do not add spaces when you enter BINTECEQ. A wrong letter may route a payment to a different institution, so check it twice.

Paying someone abroad from your Banco Internacional S.A. account

When you send money to another country through Banco Internacional S.A., the visible fee is only part of what you pay. Besides the transfer fee, banks in between may deduct a fee, and if currencies are converted, the bank usually applies a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate with a margin built in. An easy check: set the rate you get next to the mid-market rate and work out the difference on your amount.

For a lot of routes, a specialist provider turns out to be cheaper than a traditional bank transfer. Next time you send money, it is worth comparing the total cost via GoldexPay rather than accepting the bank’s rate by default. You can always use your account at Banco Internacional S.A.; only the conversion and sending happen elsewhere.