Banco del Ejercito S.A. SWIFT/BIC code

Banco del Ejercito S.A. SWIFT code: BAEJGTG1

The 8-character code BAEJGTG1 and the full code BAEJGTG1XXX identify one and the same institution: Banco del Ejercito S.A.. A SWIFT code shows the banks handling a payment which institution is meant to get the money, much like a postcode for banks. In daily life you usually come across the code on international invoices, in your banking app and on the account details of Banco del Ejercito S.A. customers.

We wrote this page to help people who pays into an account at Banco del Ejercito S.A. without mistakes. The SWIFT code on its own cannot identify a personal account; that is what the account number or IBAN is for.

Banco del Ejercito S.A.: head office code versus branch codes

We have 9 SWIFT/BIC codes for Banco del Ejercito S.A., spread over 6 cities. Besides the head office code BAEJGTG1XXX, there are codes for branches, departments or specific services.

For the vast majority of payments to a private or business account, the head office code BAEJGTG1XXX is what you need. If you have been given a branch code, stick to it instead of replacing it with the head office code.

Unsure which code applies? Check with the recipient, or look at a recent statement from Banco del Ejercito S.A.. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Is BAEJGTG1 still correct? How to check

The safest source for the BIC is the recipient’s own bank details. Check it with BAEJGTG1 here; if they differ, ask before you pay.

An incorrect BIC can cause delays, a payment being sent back or extra fees for investigation. An error in the account number can be more serious because it can reach the wrong person.

Most online banking apps check the format of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. Where available, a name check before sending adds extra certainty. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

International transfers from Banco del Ejercito S.A.: the real cost

A bank transfer abroad costs more than the fee suggests. You pay the transfer fee, possibly charges from correspondent banks along the way and, most importantly, the exchange rate markup if the currency changes.

That exchange rate margin tends to be the biggest cost because it is hidden in the rate. Compare the rate you are offered with the mid-market rate; the gap is what conversion costs you.

Specialist money transfer services often offer a rate near the mid-market rate. Before your next transfer, take a minute to compare the total cost on GoldexPay instead of going straight to your bank. Using a transfer service does not mean leaving Banco del Ejercito S.A..

Incoming international payments to Banco del Ejercito S.A.

A sender in another country needs a few details from you, and missing ones are a common cause of delays. That means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code BAEJGTG1XXX and sometimes your address.

Certain banks also ask for the address of Banco del Ejercito S.A. in Guatemala; it does no harm to include it. A mistake in your account number is more trouble than you might think, so copy the details from your online banking.

Expect that the incoming amount is below what the sender paid. Intermediary banks may deduct a fee, Banco del Ejercito S.A. may charge for incoming payments, and if the money is converted, an exchange rate margin applies. On invoices, it is common to state who bears the costs, so that nobody is left short.

Where our SWIFT data comes from

We gather SWIFT/BIC codes using publicly available data and check them regularly. Banks reorganise, change names and retire codes – a directory can be a step behind. Figures such as the number of codes are from our own dataset.

Before a payment that matters, always check the BIC with Banco del Ejercito S.A. or with the recipient. GoldexPay is an independent comparison site for money transfers and not affiliated with Banco del Ejercito S.A.. Found an error? Let us know through the contact page.

When will the money arrive at Banco del Ejercito S.A.?

An international transfer usually takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made after the cut-off time or just before a weekend or public holiday usually go out the next business day. Extra checks by one of the banks can also add a delay, regardless of the details.

If the money is delayed, contact your bank about the status so they can trace it along the chain. Save your transfer receipt until the money has arrived.

A missing payment is investigated by the sending bank. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

Scams that use SWIFT codes

Criminals often use payment requests containing changed bank details. A real SWIFT code tells you nothing about who owns the account.

Check changed bank details via a different channel like a call to a number from an earlier contract. Pressure or secrecy tend to be red flags – a real supplier can wait a day. 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: a classic trick is an overpayment followed by a request to refund the difference abroad. Do not act before the money has really arrived and check with Banco del Ejercito S.A. if anything seems off.

BAEJGTG1 or BAEJGTG1XXX – which one to use?

A BIC is made up of a few fixed parts: the first four letters stand for the bank, characters five and six give the country and the two after that mark the location. Combined, those parts form BAEJGTG1, the code most people search for.

Most payment forms accept both lengths. If yours requires eleven characters, use BAEJGTG1XXX; if it wants eight, use BAEJGTG1.

In practice the code is typed in capitals. Look out for the letter O and the digit 0 or I versus 1.