SWIFT/BIC codes in Ecuador: banks starting with V

SWIFT/BIC codes in Ecuador

On this page you find the SWIFT/BIC codes of 467 banks in Ecuador, 612 codes in all. A SWIFT code shows every bank in the chain which institution is meant to get the money.

Every bank has its own page with its main code and, where available, codes for branches and departments. The rest of this page explain the structure of the codes, the cost of transfers and the checks worth doing before a payment.

Incoming international payments in Ecuador

For a transfer from abroad in Ecuador, the sender needs not just the SWIFT code. Give them the account holder’s name, the IBAN or account number, your bank’s SWIFT code and your address.

Find your bank in the list on this page – your bank statement is the final word. You can add your bank’s name and city, since some payment forms ask for it.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. 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. On invoices, state who bears the costs to avoid a shortfall.

Check the code before you pay

Ask the recipient to send you the account details directly from their online banking. A wrong code can cause delays, a returned payment or extra fees.

We collect bank codes from public sources and update them from time to time. Even so, banks merge or change codes. For a payment of any size, confirm the code with the recipient. We are an independent comparison site for money transfers, not a bank.

Be wary of invoices containing a new account, especially when they come by email. Before paying, confirm changed details by phone, using a number you already had.

Banks in Ecuador beginning with the letter :letter

You are looking at a filtered list: only institutions in Ecuador with a name starting with :letter. The counts in the introduction still cover the whole country, not just this letter.

Cannot find the bank? The registered name might start with a different letter. Try the full list for Ecuador when you are not sure how the name is spelled.

The structure of a Ecuador SWIFT/BIC code

Each SWIFT/BIC code consists of 8 or 11 characters in a fixed order. The first four letters stand for the bank, the fifth and sixth characters are the country code and the next two give the location.

No matter which bank, every code from Ecuador share the same fifth and sixth letters. Codes with other letters in that position come from a bank abroad.

The optional last three characters identify a branch or department; XXX means the head office. In most cases the head office code is what you need, unless the recipient gives you a branch code.

The cheapest way to send money to Ecuador

The price of a transfer to Ecuador is made up of more than one component. On top of a fixed fee, correspondent banks may take a cut, and when the money is converted the bank usually uses a rate below the actual market rate.

That exchange rate margin is often the largest part of the cost, even though it is not listed as a fee. A simple test: put the offered rate against the mid-market rate and work out the difference on your amount.

For a lot of routes, a specialist provider turns out to be less expensive than a bank. Before you send money to Ecuador, take a minute to compare the total cost via GoldexPay instead of going straight to your bank.

Tracking a payment to Ecuador

How quickly a payment reaches Ecuador is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Bank holidays in either country can add extra days.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique reference, the UETR that banks can use to see where the money is. Money transfer services usually show a status online, which makes it easier to see where the money is.

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

Of all banks in Ecuador, Banco Pichincha C.a. has the largest number of SWIFT codes. The head office uses PICHECEQXXX, which is the code to use when no branch is specified.

A large number of codes often 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, the head office code PICHECEQXXX works for a payment to Banco Pichincha C.a..

Ecuador and the US Dollar

Ecuador uses the US Dollar, with the currency code USD. Money sent in a different currency will be converted into USD.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Check how much USD the recipient gets with different services before choosing one. Exchange rates change during the day.

Paying a bank in Ecuador from abroad

Ecuador is outside the SEPA area, the European zone for uniform euro payments. International transfers to Ecuador normally go through the SWIFT network – which is why you need the BIC of the recipient’s bank.

In some countries, accounts are identified by a local account number instead of an IBAN. Ask the recipient which details their bank needs for payments from abroad – many banks give clear instructions for this. Before it arrives, a payment can go through intermediary banks that take a fee.