SWIFT/BIC codes in Ecuador: banks starting with S

Ecuador: banks and their SWIFT/BIC codes

Here you will find the SWIFT/BIC codes of 467 banks in Ecuador, 612 codes in all. Each code points to an institution or one of its branches.

Pick the bank from the list to view its head office code and any branch codes. Below the list we explain how a code from Ecuador is put together, how to send money to Ecuador at a fair price and how to check a code before you pay.

Sending USD to Ecuador

The currency in Ecuador is the US Dollar (USD). If you send money in a different currency, the amount has to be converted somewhere along the way.

Which bank converts the payment matters. Often you pay less to send USD directly via a provider with a good rate rather than letting the receiving bank convert. On larger amounts, a seemingly small gap in the rate adds up quickly.

Banks in Ecuador beginning with the letter :letter

You are looking at a filtered list: just institutions in Ecuador with a name starting with :letter. The totals mentioned here apply to every bank we list, not just the ones under :letter.

Cannot find the bank? Its official name may start with a different letter. The complete list is one click away when you cannot find the bank here.

How reliable is this list?

The safest source for the BIC is the bank details provided by the recipient. An incorrect BIC may lead to delays, a returned payment or additional charges.

We collect SWIFT/BIC codes from public sources and check our list regularly. Still, banks merge, rename themselves or change codes, so information can be out of date. Before any payment of any size, check the code with the recipient’s bank. GoldexPay is an independent comparison site and has no link to the banks in this list.

Fraudsters often send fake invoices with new bank details from what looks like a familiar address. Always confirm changed details through a separate channel, using a number you already had.

The largest SWIFT network in Ecuador: Banco Pichincha C.a.

Banco Pichincha C.a. tops our list of Ecuador banks when it comes to SWIFT/BIC codes. The head office uses PICHECEQXXX, which is the code to use when no branch is specified.

Many codes often means that the bank registers branches and departments separately. Unless a branch code is given, PICHECEQXXX is fine for a payment to Banco Pichincha C.a..

Incoming international payments in Ecuador

Someone abroad who wants to pay you needs a few details about your account, and missing ones are a common cause of delays. Share your name as registered with the bank, the IBAN or account number, the BIC of your bank and your address.

The code of your bank is in the list on this page. It helps to add your bank’s name and city as well, since some payment forms ask for it.

What lands in your account can be lower than the amount sent. Charges on incoming payments differ from bank to bank – your bank’s price list tells you what applies. On invoices, state how the fees are split, so nobody is left short.

How SWIFT codes from Ecuador are built

A SWIFT code is either 8 or 11 characters long. First comes a four-letter bank code, followed by two letters for the country and two characters for the location.

No matter which bank, every code from Ecuador have the same fifth and sixth letters. A code with a different country code belong to another country – a quick way to catch mistakes.

The last three characters, if present, identify a branch or department; XXX means the head office. Use a branch code only if the recipient’s bank asks for it; otherwise the head office code is the safe choice.

Sending money to Ecuador for less

If you transfer money to Ecuador through your bank, the fee you see is only part of the cost. On top of a fixed fee, intermediary banks may take a cut, and when the money is converted the bank usually applies a less favourable rate than the actual market rate.

The real cost is often in the rate, rather than in the fee. Compare the rate you are offered with the mid-market rate that you find on financial sites; the gap is what conversion costs you.

For many currency pairs, a specialist provider is cheaper than a bank. On GoldexPay we compare the amount that arrives in Ecuador with different providers.

Paying a bank in Ecuador from abroad

To pay into Ecuador you almost always need the BIC. Without the BIC, most banks will not send the transfer at all.

Not all countries use the IBAN. The recipient’s bank often provides instructions for payments from abroad. SWIFT payments can pass through one or more intermediary banks, each of which may deduct a fee.

Transfer times to Ecuador

There is no fixed delivery time for payments to Ecuador: many land the same day or the next, others take several business days. Bank holidays in Ecuador or in the sending country can add extra days.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every payment gets a unique transaction reference, the UETR that banks can use to see where the money is. Save your transfer receipt until the recipient confirms.