SWIFT/BIC codes in Ecuador: banks starting with P

Finding a SWIFT code in Ecuador

This overview contains 467 banks and other institutions in Ecuador and 612 SWIFT/BIC codes between them. You will need such a code mainly for payments across borders and for payments in a foreign currency.

Look for the bank you need in the list and click through for all codes we have and the details a transfer needs. The rest of this page explain how the codes work, what transfers cost and how to avoid mistakes.

Sending money to Ecuador for less

An international bank payment to Ecuador can cost rather more than the fee suggests. There is a transfer fee, sometimes charges from intermediary banks and, above all, the exchange rate markup.

That exchange rate margin is often the largest cost item. A simple test: put the rate you get against the mid-market rate and work out the difference on your amount.

For many routes, a transfer service is cheaper than a traditional bank transfer. GoldexPay lists these providers next to each other, showing what actually arrives in Ecuador.

How reliable is this list?

The safest source for a SWIFT code is the bank details provided by the recipient. When the code you were given differs from our list, stop and ask.

We collect bank codes from public sources and check our list regularly. Even so, banks merge, rename themselves or retire codes, so information can be out of date. Before any payment that matters, check the code with the recipient. We are an independent comparison service.

Scammers often send fake invoices carrying new bank details. A real SWIFT code tells you nothing about whether a request is genuine.

SWIFT codes in Ecuador: banks under :letter

This filter narrows the list to banks in Ecuador starting with :letter, so you can find a bank faster. The totals on this page cover all 467 banks and not only this letter.

Bank not listed? Its official name might start with a different letter. The complete list remains available if you cannot find the bank here.

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

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

Many codes usually means separate codes for branches, departments or services – it says nothing about the size of the bank as such. Unless a branch code is given, PICHECEQXXX is fine for transfers to this bank.

What a sender needs to pay you in Ecuador

When you expect money from abroad on an account in Ecuador, send the payer everything they need in one go. Share your name as registered with the bank, the IBAN or account number, the BIC of your bank and your address, which some banks require.

The code of your bank appears in the list on this page, yet the version on your own statement or in your banking app is leading. It helps to add your bank’s name and city because some forms have separate fields for it.

Expect that the incoming amount is below the amount on the sender’s receipt. Fees for incoming transfers vary per bank; check the price list of your bank. On invoices, state who bears the costs to avoid a shortfall.

SWIFT transfers to Ecuador

Because Ecuador is outside SEPA, a transfer from abroad is usually sent through SWIFT. This means the payment always needs the BIC of the receiving bank.

In some countries, accounts are identified by a local account number rather than an IBAN and sometimes a local routing or branch code. Ask the recipient exactly which details their bank requires for incoming international payments – many banks give clear instructions for this. SWIFT payments can pass through one or more intermediary banks, each of which may deduct a fee.

Recognising a SWIFT code from Ecuador

Each SWIFT/BIC code consists of eight or eleven characters, always in the same order. First comes four letters for the bank, followed by two letters for the country and two characters for the location.

For banks in Ecuador, characters five and six show the two-letter ISO code of Ecuador – that is the quickest way to spot one. Codes with other letters in that position belong to a bank abroad, even if the bank name looks familiar.

The long version adds a branch code – XXX stands for the head office. For most transfers the head office code is fine unless the recipient asks for a specific branch.

When does money sent to Ecuador arrive?

How fast a payment arrives in Ecuador depends on a few things: the currency, the number of banks in between, cut-off times and time zones. Bank holidays in Ecuador or in the sending country can add extra days to the journey.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each payment carries a unique transaction reference, the UETR. Specialist transfer services usually provide a status in their app, which makes it easier to see where the money is.

Sending USD to Ecuador

Bank accounts in Ecuador are usually held in USD. When you pay another currency, the amount gets converted at some point.

Who converts the payment makes a difference: every bank has its own margin. Compare what USD the recipient gets via several providers. On larger amounts, a seemingly small difference in the rate adds up quickly.