SWIFT/BIC codes in Ecuador: banks starting with T

Finding a SWIFT code in Ecuador

Our directory contains 467 banks and other institutions in Ecuador, with 612 SWIFT/BIC codes in total. A SWIFT code shows every bank in the chain exactly which bank is meant to get an international payment.

Every bank is listed with its own page showing its main code and, where available, branch codes. The rest of this page explain how the codes work, the cost of transfers and how to avoid mistakes.

Recognising a SWIFT code from Ecuador

Bank identifier codes follow the same format worldwide: 8 characters, sometimes followed by three more. It starts with a four-letter bank code, followed by a two-letter country code and two characters for the location.

In every code from Ecuador, letters five and six are the two-letter ISO code of Ecuador. If the country letters do not match Ecuador, the code belongs to a bank somewhere else.

If the last three are XXX, it means the main office, and the 8-character version leads to the same place. For most transfers the head office code is fine unless the recipient asks for a specific branch.

Banco Pichincha C.a. and its SWIFT codes

Banco Pichincha C.a. tops the list of Ecuador banks when it comes to the number of SWIFT/BIC codes. Its head office code is PICHECEQXXX – the code most transfers need.

A large number of codes usually means separate codes for branches, departments or services. Paying someone at Banco Pichincha C.a.? Go with PICHECEQXXX except when the recipient gives you a branch code.

When does money sent to Ecuador arrive?

There is no fixed answer for transfers to Ecuador: many arrive the same day or the next while others need several business days. Public holidays in Ecuador or in the sending country can add extra days.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR. Save your transfer receipt until the recipient confirms; a bank needs it to start a trace.

Sending money to Ecuador for less

If you transfer money to Ecuador through a regular bank, the fee you see is rarely all of what you pay. There is a transfer fee, sometimes fees from correspondent banks and, most importantly, the margin on the exchange rate.

Most of the cost usually sits in the exchange rate, not in the fee: banks convert at a rate with a margin built in. Compare the rate you are offered with the mid-market rate.

Money transfer services often use a rate near the mid-market rate and lower fees. Before you send money to Ecuador, it is worth comparing what arrives on GoldexPay instead of going straight to your bank.

Incoming international payments in Ecuador

If you are waiting for a payment from another country in Ecuador, send the payer a complete set of details. Share the account holder’s name, the IBAN or account number, the BIC of your bank and your address.

Look up your bank in the list above to check its code, but take the code from your own bank details when in doubt. You can include your bank’s name and city because some forms have separate fields for it.

Expect that the incoming amount is below what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. For business payments, state who bears the costs to avoid a shortfall.

International payments to Ecuador and the BIC

For Ecuador you usually need the BIC – Ecuador is not a SEPA country. Without it, your bank will not send the transfer at all.

Not all countries use the IBAN – where there is none, the local account number is enough. Ask the recipient which details their bank needs for payments from abroad – many banks give clear instructions for this. SWIFT payments sometimes go via one or more intermediary banks.

Verifying a SWIFT code from Ecuador

Have the recipient send you the account details straight from their banking app. A wrong code can cause a delay, a returned payment or extra fees – compare it with the code in our list.

We collect bank codes from public sources and check them regularly. Even so, banks merge or retire codes, so information can be out of date. Use this list as a reference: the bank details from the recipient come first. We are a comparison site for money transfers and not part of any bank listed here.

Be wary of invoices containing changed bank details – a common fraud method. A real SWIFT code tells you nothing about whether a request is genuine – scammers use the codes of real banks.

Banks in Ecuador beginning with the letter :letter

Here you see a selection: just banks in Ecuador with a name starting with :letter. The counts in the introduction still refer to all banks in Ecuador.

Many institutions appear under their official name, which may start with words like Bank or Banco. The complete list remains available if the letter filter does not help.

Paying in USD: what conversion costs you

Ecuador pays in the US Dollar, with the currency code USD. If you send another currency, it has to be converted at some point.

Which bank converts the money matters. Check how much USD the recipient gets with different providers. Exchange rates change during the day, so a quote is usually valid only briefly.