Sabmiller Ecuador SWIFT/BIC code

What SABMECE1 means for a payment to Sabmiller Ecuador

SABMECE1 and SABMECE1XXX are two ways of writing the same SWIFT/BIC code, and both lead to Sabmiller Ecuador in Guayaquil. A SWIFT code tells every bank in the chain exactly which bank is meant to get the money, much like a postcode for banks. In practice you mostly come across the code on international invoices, in payment forms and on the account details of Sabmiller Ecuador customers.

Below we go through the practical questions: money coming in from abroad, paying someone in another country and how to check the code before you confirm a payment. The SWIFT code on its own does not identify a personal account; for that you need the account number or IBAN .

Sending USD to Sabmiller Ecuador

Most accounts at Sabmiller Ecuador are usually held in USD, the local currency of Ecuador. When you pay another currency it has to be converted at some point – by your bank, by Sabmiller Ecuador or by a bank in between. There is rarely a separate charge for that conversion; it is built into the rate.

Who converts the payment makes a difference. Check what USD the recipient gets via different services.

Rates for USD change during the day. If you pay regularly, small differences in the rate make a real difference over a year.

Choosing between the 4 SWIFT codes of Sabmiller Ecuador

Having 4 codes, Sabmiller Ecuador is one of the banks that register individual codes for branches. The main code is SABMECE1XXX.

Usually there is no need to pick a branch: transfers addressed to SABMECE1XXX are routed within Sabmiller Ecuador without problems. When you receive a branch code, stick to it instead of swapping it for the head office code.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes are sometimes changed or retired over time.

Before you send: check the Sabmiller Ecuador code

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Compare it with SABMECE1 on this page and ask if anything does not match.

A wrong SWIFT code can cause a delay, a payment being sent back or additional charges along the way. Remember the IBAN: an error there is harder to correct than a wrong BIC.

Most online banking apps check the structure of IBANs and some suggest the matching BIC. If your bank offers it, a name check before sending adds an extra layer of safety. A small test payment can be a sensible step for a large first payment.

What to give a sender who pays you at Sabmiller Ecuador

If you expect money from abroad, give the sender everything they need in one go. The basics are: the account holder’s name, account number or IBAN, SABMECE1XXX or SABMECE1 and often your postal address.

You can include the bank name and its city too, since some forms ask for it. A mistake in your account number is harder to fix than it looks, so copy the details from your online banking.

Expect that the incoming amount is smaller than what the sender paid. Intermediary banks may deduct a fee, and if the currency changes, an exchange rate margin applies. On invoices, it is common to state who bears the costs to avoid a shortfall.

Sending money abroad from Sabmiller Ecuador

An international bank payment can cost more than the listed fee. On top of a fixed fee, banks in between can take a cut, and when currencies are converted the bank usually uses a rate that is less favourable than the real market rate.

Banks do not list the margin on the rate separately. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. Next time you send money, it is worth to compare the total cost on GoldexPay. Using a transfer service does not mean leaving Sabmiller Ecuador: you simply pay the service from your account.

Transfer times and tracking a payment to Sabmiller Ecuador

An international transfer typically takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Sometimes a bank asks about the purpose of a payment before releasing it.

If a transfer is late, contact the sending bank about the status or the UETR. Keep your transfer receipt; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the person who paid needs to contact their own bank. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.

Scams that use SWIFT codes

One of the most common tricks goes like this: an email arrives with a request saying that a supplier has new bank details and that the next payment should go there. The fact that SABMECE1 exists does not mean that the account is legitimate; criminals use the codes of real banks too.

Never rely on contact details in the same message that contains the change. Watch out for time pressure, odd spelling or a sender address that is slightly off. When a payment has already gone to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients are targeted too: one known trick is an overpayment and then sends a request to send back the difference. A screenshot of a transfer is no proof – check your own account.

Why Sabmiller Ecuador has an 8- and an 11-character code

The layout of every SWIFT code never changes: four characters for the institution, a two-letter country code and two for the location, sometimes followed by a branch code. For Sabmiller Ecuador, the 8-character core is SABMECE1.

XXX at the end of SABMECE1XXX is not a missing value or an error: it stands for the head office of Sabmiller Ecuador. Some banking apps ask for 11 characters, in which case you can enter XXX behind SABMECE1.

Type the code as one block, in upper case and without spaces. A wrong character may route the money to a different institution, so check it twice.

About this information

We gather bank codes from publicly available data and update them regularly. It can happen that a code on this page is no longer current, for example after a merger. The number of codes on this page reflect our own data and not on information from Sabmiller Ecuador itself.

See our directory here as a handy check, and let the details from the recipient or Sabmiller Ecuador have the final say. GoldexPay is independent of Sabmiller Ecuador, we only compare transfer services. Should you notice a mistake, we appreciate a message via the contact page.