SWIFT/BIC codes in Ecuador: banks starting with Q

Ecuador: banks and their SWIFT/BIC codes

This overview covers 467 banks and financial institutions in Ecuador and 612 SWIFT/BIC codes between them. Each code points to a bank or a specific branch or department, so a payment from abroad reaches the right place.

Look for the recipient’s bank below and open its page to see all codes we have and the details a transfer needs. The sections below explain how the codes work, what transfers cost and how to avoid mistakes before you send money.

Ecuador and the US Dollar

Ecuador pays in the US Dollar. When you pay money in a different currency, the amount has to be converted somewhere along the way – by your bank, a bank in between or the recipient’s bank.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. In many cases you pay less to send USD straight away through a transfer service with a good rate rather than letting the receiving bank convert. Exchange rates move during the day – some providers let you lock in a rate.

How SWIFT codes from Ecuador are built

Every SWIFT/BIC code has 8 or 11 characters, always in the same order. First comes four letters for the bank, then two letters for the country and a two-character location code.

You can recognise a bank code from Ecuador from the fifth and sixth characters. If those two letters point to another country, the code belongs to a bank somewhere else.

If the last three are XXX, it means the head office, and the 8-character version leads to the same place. Use a branch code just when the recipient’s bank asks for it – otherwise stick with the head office.

Tracking a payment to Ecuador

How fast money reaches Ecuador depends on a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Payments made late in the day or just before weekends and holidays usually go out a business day later.

If a transfer seems late, ask the sender to contact the sending bank for a trace; only the sending side can start an official trace. Specialist transfer services usually provide tracking online so you can follow the payment.

What a sender needs to pay you in Ecuador

For an international payment in Ecuador, the sender has to have more than the SWIFT code. In practice that means: your full name as your bank knows it, your IBAN or account number, the BIC of your bank and, often, your address.

Find the bank in the list on this page – your bank statement is the final word. Some banks may also ask for the name and address of your bank, so keep it at hand.

Expect that the incoming amount is below what the sender paid. Correspondent banks can take a fee, your bank may charge for incoming payments, and if the money is converted, a markup on the rate applies. Agree with the sender who covers the fees.

Filter: banks in Ecuador with :letter

You are looking at a filtered list: only banks in Ecuador with a name starting with :letter. The totals mentioned above always refer to the whole country, not just this letter.

If the bank you need is missing here, check another letter: banks are often registered under their full legal name. The full overview for Ecuador remains available if the letter filter does not help.

International payments to Ecuador and the BIC

Ecuador is not part of the SEPA area, the European zone for uniform euro payments. International transfers to Ecuador normally travel over the SWIFT network, and the BIC of the receiving bank is required.

Not all countries use IBAN numbers. The receiving bank usually has instructions for payments from abroad. Before it arrives, a transfer can pass through correspondent banks that charge for their part.

Verifying a SWIFT code from Ecuador

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. A wrong code may lead to a delay, a returned payment or additional charges.

This list is based on public sources. Even so, banks merge, rename themselves or change codes and our data may lag behind. Treat this list 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 carrying new bank details that look completely genuine. Always confirm changed details by phone.

The cheapest way to send money to Ecuador

If you transfer money to Ecuador via a regular bank, the fee you see is rarely all of the cost. On top of a fixed fee, correspondent banks can deduct a charge and, if currencies are converted, the bank usually uses a less favourable rate than the actual market rate.

The markup on the rate is often the largest cost item. Compare the rate you are offered against the mid-market rate, the midpoint you see on financial news sites; the gap is what conversion costs you.

For a lot of currency pairs, a transfer service turns out to be cheaper than a bank, mainly because of the rate. Before you send money to Ecuador, take a minute to compare what arrives via GoldexPay instead of going straight to your bank.

The largest SWIFT network 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 uses PICHECEQXXX – the code most transfers need.

Many codes usually reflects separate codes for branches, departments or services. Paying someone at Banco Pichincha C.a.? Use PICHECEQXXX unless a specific branch code is requested.