Banco Procredit S.A. SWIFT/BIC code

SWIFT/BIC code of Banco Procredit S.A.

Whether you are given ALFLECE1 or ALFLECE1XXX, it is the same identifier for Banco Procredit S.A. in Ecuador. Banks worldwide use BIC codes to route international transfers to the correct institution. You will need it mainly for payments that cross a border and payments in foreign currencies.

On this page you can read how the code means, when it matters and what else you need for a transfer to or from Banco Procredit S.A.. The SWIFT code on its own cannot identify an individual account holder; that is what the account number or IBAN is for.

What a transfer from Banco Procredit S.A. abroad really costs

A bank transfer abroad costs more than the listed fee. There is the fee for the transfer itself, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup.

Banks rarely list the margin on the rate separately. Check their rate against the mid-market rate; the gap is what conversion costs you.

Specialist money transfer services frequently use rates closer to the mid-market rate with clearer fees. GoldexPay lists transfer providers next to each other, showing the amount the recipient gets before you commit. You can still keep your account at Banco Procredit S.A. to fund the transfer; only the conversion and sending happen elsewhere.

Changed bank details? Be careful

Stay alert when a contact suddenly asks you to pay into another account. A real SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Before paying, verify changed bank details through a phone call, using a number you already had. Watch out for urgent requests, unusual wording or a sender address that is slightly off. When a payment has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to send back the difference to another account. Do not act before the money is actually in your account and check with Banco Procredit S.A. if anything seems off.

Sending USD to Banco Procredit S.A.

Accounts at Banco Procredit S.A. are typically held in USD, the local currency. When you pay money in a different currency it gets converted at some point: by your bank, an intermediary or Banco Procredit S.A. itself. There is rarely a separate line for the conversion; it is built into the rate.

Who does the conversion affects how much arrives, as rates and margins differ per bank. Compare how much USD the recipient gets with several services before choosing one.

Rates for USD move all the time, and some providers let you lock in a rate. With bigger transfers, a seemingly small difference in the rate can be worth more than the fee.

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

A SWIFT payment usually takes one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country can add extra days, since banks do not process on those days. Occasionally a bank asks about the purpose of a payment before releasing it.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Each payment carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep your transfer receipt until the recipient confirms – you will need it for any trace request.

Only the sending bank is able to start an official trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, you can look at your account for a slightly lower amount because fees can reduce the amount.

Head office or branch code at Banco Procredit S.A.?

Banco Procredit S.A. has 2 separate SWIFT/BIC codes. One of them is the head office code; the others identify branches or departments, and sometimes internal departments.

In most cases you do not need to look up a branch: payments sent to ALFLECE1XXX are routed within Banco Procredit S.A. without problems. Only use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

If you are not sure, ask the person you are paying which code their bank gave them. Codes for branches are more prone to be retired than ALFLECE1XXX.

Before you send: check the Banco Procredit S.A. code

The best place to find the right code remains a document from the bank itself, such as a statement or the account details in online banking. If the code you have does not match ALFLECE1 or ALFLECE1XXX, do not guess.

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

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. More and more banks check the payee name with the account before you confirm. A small test payment can be worth it for large sums, even if it costs an extra fee.

8 or 11 characters: ALFLECE1 versus ALFLECE1XXX

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. The result is ALFLECE1.

XXX at the end of ALFLECE1XXX is not a missing value or an error: it stands for the head office of Banco Procredit S.A.. Some forms insist on 11 characters, in which case you simply enter XXX after ALFLECE1.

Do not add spaces when you type ALFLECE1. Look out for O versus 0 or the letter I and the digit 1; they are easy to mix up.

Where our SWIFT data comes from

We gather bank codes using public sources and check our list regularly. Institutions reorganise, change names and change codes, and a directory never catches every change immediately. Counts and locations are from our directory and may differ from what Banco Procredit S.A. publishes.

Treat our directory here as a handy check. We are an independent comparison service and not part of Banco Procredit S.A.. Spotted an error? Let us know through the contact page and we will look into it.

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

A sender in another country will ask for several details about your account – incomplete details often cause delays. In practice that means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code ALFLECE1XXX (or ALFLECE1) and, often, your address.

Some banks also ask for the name and address of Banco Procredit S.A. in Quito; it does no harm to include it. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

Money from abroad does not always arrive in full. Fees for incoming transfers vary per bank. Make clear with the sender who covers the fees before the money is sent.