SWIFT/BIC codes in Ecuador: banks starting with L

Bank SWIFT codes for Ecuador

In Ecuador we have 612 SWIFT/BIC codes from 467 banks. You will need such a code mostly for international transfers.

Search for the recipient’s bank in the list and open its page to see the full list of codes and what else a transfer requires. Below the list we explain how a code from Ecuador is put together, how to send money to Ecuador without overpaying and what to check before you pay.

What the letters in a Ecuador BIC mean

A BIC is either 8 or 11 characters long and follows a fixed pattern. The first four letters identify the bank, the fifth and sixth characters are the country code and characters seven and eight mark the location.

You can spot a bank code from Ecuador by letters five and six. When the country letters do not match Ecuador, you are looking at a bank in another country, so check again.

If the last three are XXX, it refers to the main office and the short version works just as well. In most cases the head office code is what you need unless the recipient asks for a specific branch.

Verifying a SWIFT code from Ecuador

The best place to find the right code remains paperwork issued by the bank, such as a statement or the account page in online banking. A wrong code can cause a delay, a returned payment or additional charges, so compare it with the list on this page.

We collect SWIFT/BIC codes using public sources and check them from time to time. Institutions reorganise, close branches and retire codes, and no directory catches every change immediately. Treat our data as a starting point, not as the final word. GoldexPay is not a bank and has no link to the banks in this list.

Scammers regularly send fake invoices with changed bank details from what looks like a familiar address. A valid BIC says nothing about whether a request is genuine: criminals use real codes too.

Banks in Ecuador starting with :letter

Here you see a selection: just institutions in Ecuador whose name begins with :letter. The totals mentioned here apply to every bank we list, not just the ones under :letter.

Bank not listed? The registered name might begin with another word, for example the full legal name rather than a brand name. Try the full list for Ecuador if you are not sure the exact name.

Incoming international payments in Ecuador

When you expect a payment from another country on an account in Ecuador, give the sender all details at once. Give them your name as registered with the bank, your account number or IBAN, your bank’s SWIFT code and your address.

Find the bank in the list above to check its code – your bank statement is the final word. You can include your bank’s name and city because some forms have separate fields for it.

The amount you receive can be lower than the amount sent. Fees for incoming transfers vary from bank to bank; check the price list of your bank. For business payments, agree how the fees are split, so nobody is left short.

The cheapest way to send money to Ecuador

If you send money to Ecuador with a regular bank, the fee you see is rarely all of the cost. Besides a fixed fee, correspondent banks may take a cut, and when the money is converted the bank usually applies a rate below the actual market rate.

The markup on the rate is often the largest part of the cost because it is hidden in the rate. Compare the rate you are offered against the mid-market rate that you find on financial sites.

Specialist money transfer services often use rates closer to the mid-market rate and lower fees. GoldexPay compares transfer services next to each other, showing the amount that reaches the recipient before you commit.

How long does a transfer to Ecuador take?

There is no fixed delivery time for transfers to Ecuador: many arrive the same day or the next, others take several business days. Transfers sent after the cut-off time or just before a weekend or public holiday often start the next business day.

When a payment takes longer than expected, the sender should contact their own bank for a trace; only the sending side can start an official trace. Keep the payment confirmation until the money has arrived.

Paying a bank in Ecuador from abroad

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

Not all countries use IBAN numbers – where there is none, the local account number is enough. Ask the recipient exactly which details their bank needs for payments from abroad – many banks give clear instructions for this. SWIFT payments can pass through correspondent banks and fees can be taken along the way.

Paying in USD: what conversion costs you

Ecuador pays in the US Dollar (USD). When you pay another currency, the amount gets converted somewhere along the way – by your bank, a bank in between or the recipient’s bank.

Which bank converts the payment makes a difference, because each party uses its own rate. In many cases it is cheaper if you send USD directly through a transfer service with a good rate. Exchange rates change all the time.

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

Of the 467 banks we list for Ecuador, Banco Pichincha C.a. has the largest number of SWIFT codes. The head office of Banco Pichincha C.a. uses PICHECEQXXX and that code covers most payments.

How many codes a bank has tells you more about how it registers branches and services than about its size. Making a payment to Banco Pichincha C.a.? Use PICHECEQXXX except when a specific branch code is requested.