SWIFT/BIC codes in Ecuador: banks starting with D

Ecuador: banks and their SWIFT/BIC codes

Here you will find codes for 467 banks in Ecuador. Each code identifies an institution or one of its branches, so a payment from abroad reaches the right place.

Select the bank below to see the head office code and its other codes, plus practical notes for sending and receiving money. The sections below explain how the codes work, the cost of transfers and the checks worth doing.

Check the code before you pay

Ask the recipient to send you the account details straight from their online banking. If the code you have differs from our list, do not guess.

We gather SWIFT/BIC codes from public sources and check our list regularly. Institutions reorganise, close branches and retire codes. Use our data as a starting point rather than the last word; the recipient’s bank details are leading. GoldexPay is not a bank and has no link to the banks in this list.

Be wary of invoices with changed bank details – a common fraud method. Before paying, confirm changed details through a separate channel.

Filter: banks in Ecuador with :letter

The letter filter narrows the list down to banks from Ecuador that begin with :letter, so you can find a bank faster. The totals on this page apply to every bank we list.

If the bank you need is missing here, try another letter. Try the full list for Ecuador if you are not sure how the name is spelled.

Recognising a SWIFT code from Ecuador

Every SWIFT/BIC code consists of eight or eleven characters in a fixed order. The first four letters identify the bank, the fifth and sixth characters form the country code and the next two give the location.

For banks in Ecuador, letters five and six are the two-letter ISO code of Ecuador – that is the quickest way to spot one. If the country letters do not match Ecuador, the code belongs to a bank somewhere else.

The optional last three characters identify a branch or department; XXX means the head office. For most transfers the head office code is fine unless the recipient asks for a specific branch.

Most SWIFT codes in Ecuador: Banco Pichincha C.a.

In our data, Banco Pichincha C.a. holds the largest number of SWIFT/BIC codes in Ecuador. The head office of Banco Pichincha C.a. uses PICHECEQXXX.

A large number of codes usually reflects separate codes for branches, departments or services, not necessarily that the bank is the biggest in the country. Paying someone at Banco Pichincha C.a.? Go with PICHECEQXXX unless a specific branch code is requested.

Sending money to Ecuador for less

What you pay for a transfer to Ecuador is made up of several parts, and the fee on your screen is only one of them. Besides the fee, correspondent banks can deduct a charge, and when the money is converted the bank usually applies a rate below the real market rate.

That exchange rate margin is often the biggest cost item. 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 is less expensive than a traditional bank transfer, mainly because of the rate. Before you send money to Ecuador, take a minute comparing what arrives on GoldexPay instead of going straight to your bank.

Getting paid from abroad into an account in Ecuador

If you expect money from abroad in Ecuador, send the payer a complete set of details. In practice that means: your full name as your bank knows it, your account number or IBAN, the SWIFT/BIC code of your bank and sometimes your address.

Look up the bank in the list above and compare the code with your own bank details, but take the code from your own bank details when in doubt. Some banks may also ask for the name and address of your bank; it does no harm to include it.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. On invoices, agree who bears the costs.

SWIFT transfers to Ecuador

Since Ecuador does not belong to SEPA, a transfer from abroad normally goes as a SWIFT payment. That means the payment always needs the SWIFT/BIC code of the receiving bank in addition to the account details.

Depending on the country, the account is identified by a domestic account number rather than an IBAN, sometimes with an extra bank or branch code. Check with the recipient exactly which details their bank requires for incoming international payments – many banks give clear instructions for this. On the way to Ecuador, a payment may go through intermediary banks that charge for their part.

When does money sent to Ecuador arrive?

A SWIFT payment to Ecuador usually takes one to a few business days – it depends on currency, route and the banks in between. Payments made after the cut-off time or just before weekends and holidays often go out a business day later.

If a transfer is delayed, the sender should contact the sending bank; only the sending side can start an official trace. Specialist transfer services usually show a status online, which makes it easier to see where the money is.

Ecuador and the US Dollar

Ecuador uses the US Dollar, with the currency code USD. If you send another currency, it has to be converted somewhere along the way.

Which bank converts the payment matters. In many cases you pay less if you send USD straight away through a provider with a good rate rather than letting the receiving bank convert. Rates for USD move all the time.