Financiera de Occidente, S.A. SWIFT/BIC code

FIOCGTG1 – the SWIFT/BIC code of Financiera de Occidente, S.A.

The short code FIOCGTG1 and the 11-character code FIOCGTG1XXX refer to one and the same institution: Financiera de Occidente, S.A.. A BIC has a single purpose: it makes sure that money from abroad ends up at the right bank. You will need it mostly when dealing with payments that cross a border or a currency.

We wrote this page to help people who pays into an account at Financiera de Occidente, S.A.. The SWIFT code on its own cannot identify a personal account; for that you need the IBAN or account number is for.

8 or 11 characters: FIOCGTG1 versus FIOCGTG1XXX

The structure of a BIC is always the same: a bank code of four letters, two for the country and a two-character location code. In this case, the 8-character core is FIOCGTG1.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, which is why FIOCGTG1XXX and FIOCGTG1 lead to the same place.

Leave out spaces or dashes when you enter FIOCGTG1. Watch for O versus 0 and the letter I and the digit 1.

Choosing between the 2 SWIFT codes of Financiera de Occidente, S.A.

Having 2 codes in 1 cities, Financiera de Occidente, S.A. is one of the banks that register separate codes for branches. The head office code is FIOCGTG1XXX.

Usually there is no need to pick a branch: payments addressed to FIOCGTG1XXX reach Financiera de Occidente, S.A. correctly. Just use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

What a transfer from Financiera de Occidente, S.A. abroad really costs

When you send money abroad from Financiera de Occidente, S.A., the fee you see is rarely all of the cost. On top of a fixed fee, correspondent or intermediary banks may deduct a fee, and if the money changes currency the bank usually uses a rate that is less favourable than the actual market rate.

The markup on the rate tends to be the largest cost because it is hidden in the rate. An easy check: put the rate you get 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 traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other, showing what actually arrives for the same amount sent. Using a transfer service does not require closing your account at Financiera de Occidente, S.A. – you pay the provider from your own account.

How long does an international transfer to Financiera de Occidente, S.A. take?

There is no fixed delivery time: some land within a day. Weekends and public holidays in the sending or receiving country add a day or more to the journey. Extra checks on larger or unusual payments may also add a delay, regardless of the details.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique reference, the UETR that banks can use to trace it. Money transfer services often show a status in their app so you can see where the payment has got.

A delayed transfer has to be traced from the sending side on the basis of the transfer details. As a recipient, it helps to check your account to see a partial amount.

Getting paid from abroad into a Financiera de Occidente, S.A. account

Someone abroad who wants to pay you will ask for a few details about your account – incomplete details often cause delays. Share the account holder’s name, the IBAN or account number, the BIC FIOCGTG1XXX and your address.

Their bank might request the address of your bank; the head office in Guatemala is usually fine. A typo in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

Money from abroad does not always arrive in full. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin applies. Agree with the sender who covers the fees before the money is sent.

How to check FIOCGTG1 before you pay

The most reliable source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Compare it with FIOCGTG1 on this page.

Errors in the SWIFT code tend to be annoying rather than fatal: often the payment comes back, minus fees. An error in the IBAN or account number is more serious, so check that just as carefully.

An automatic check in your banking app merely tells you that the IBAN exists. Where available, a payee name check before sending gives extra certainty. A small test payment is worth it for a large first payment despite the extra fee.

Watch out for payment fraud

Be alert when a contact unexpectedly asks you to pay into a different account abroad. A correct SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Never rely on a phone number from the same email that announces the change. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. Already paid? Contact the bank you paid from straight away and have them start a recall and report the fraud.

Fraud can also work the other way: someone sends more than agreed and wants you to refund the difference via a different route. Wait until the money has really arrived and check with Financiera de Occidente, S.A. if anything seems off.

About this information

We collect bank codes from publicly available data and check them from time to time. Still, banks merge or change codes. Figures such as the number of codes come from our directory.

See the information on this page as a helpful check and rely on the recipient or Financiera de Occidente, S.A. for the final confirmation. GoldexPay has no connection to Financiera de Occidente, S.A.; we are a comparison site for money transfers. Should you notice something that is out of date, we welcome a message.