Banque Centrale des Etats de L'afrique de L'ouest SWIFT/BIC code

SWIFT/BIC code of Banque Centrale des Etats de L'afrique de L'ouest

If an invoice shows BCAOMLBA or BCAOMLBAXXX, you are looking at the identical address for Banque Centrale des Etats de L'afrique de L'ouest in Mali. A SWIFT code shows the banks handling a payment exactly which bank should receive the money. It comes up 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 Banque Centrale des Etats de L'afrique de L'ouest. Keep in mind that the BIC only identifies the bank, not the account: the IBAN or account number does that part.

Sending money abroad from Banque Centrale des Etats de L'afrique de L'ouest

If you transfer money abroad via Banque Centrale des Etats de L'afrique de L'ouest, the fee you see is rarely all of the cost. There is the transfer fee, possibly fees charged by intermediary banks in between and, above all, the exchange rate markup.

The markup on the rate tends to be the biggest cost because it is hidden in the rate. Compare their rate against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For a lot of currency pairs, a specialist provider is less expensive than a bank, mainly because of the exchange rate. Before your next transfer, take a minute comparing the total cost via GoldexPay instead of going straight to your bank. You can still keep your account at Banque Centrale des Etats de L'afrique de L'ouest as the source of the money, while a cheaper service handles the conversion.

Changed bank details? Be careful

Be alert if someone suddenly wants you to pay into a different account or a bank in another country. A real SWIFT code tells you nothing about who owns the account.

Do not trust a phone number in the same message that announces the change. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. If money was sent to the wrong account, contact your bank immediately.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to refund the difference to another account. A screenshot of a transfer is no proof – check your own account.

How up to date is this code?

The details here are taken from public sources that we update regularly. It is possible that information on this page is no longer current after a merger or reorganisation. Counts and locations are from our own dataset and may differ from what Banque Centrale des Etats de L'afrique de L'ouest publishes.

See our directory here as a helpful check, and let the details from the recipient or Banque Centrale des Etats de L'afrique de L'ouest have the final say. We are an independent comparison site for money transfers and not affiliated with Banque Centrale des Etats de L'afrique de L'ouest. Spotted an error? Let us know through the contact page and we will look into it.

Before you send: check the Banque Centrale des Etats de L'afrique de L'ouest code

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. When the code you were given does not match BCAOMLBA or BCAOMLBAXXX, stop and ask: check with the recipient or with Banque Centrale des Etats de L'afrique de L'ouest directly.

With a wrong code, the transfer may be delayed, bounce back or cost extra. Do not forget the IBAN: an error there can be harder to correct than a wrong BIC.

A validity check by your bank merely tells you that the IBAN exists. Where available, a payee name check on the recipient adds an extra layer of safety. Sending a small amount first is a sensible step for a large first payment.

What to give a sender who pays you at Banque Centrale des Etats de L'afrique de L'ouest

To receive an international payment at Banque Centrale des Etats de L'afrique de L'ouest, the person paying you has to have more than the SWIFT code. Give them your name as the bank knows it, the IBAN or account number, the BIC BCAOMLBAXXX and your address, which some banks require.

The sender’s bank may also ask for the address of your bank, in which case the Bamako head office is the usual answer. A typo in the IBAN is harder to fix than it looks; copy them from your banking app rather than typing.

Expect that the amount credited is smaller than what the sender paid. Correspondent banks can take a fee, Banque Centrale des Etats de L'afrique de L'ouest may charge for incoming payments, and if the money is converted, a markup on the rate applies. On invoices, it is common to state who bears the costs.

8 or 11 characters: BCAOMLBA versus BCAOMLBAXXX

A BIC is built from a few fixed parts: the first four letters stand for the bank, characters five and six show the country and the two after that mark the location. The result is BCAOMLBA, the short form of the code.

The 11-character version has a three-character extension for a branch or department. When those three characters are XXX, the code points to the head office, which is why BCAOMLBAXXX and BCAOMLBA lead to the same place.

In practice the code is written in capitals. Watch for O versus 0 and the letter I and the digit 1.

Tracking a transfer to or from Banque Centrale des Etats de L'afrique de L'ouest

An international transfer typically takes one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country add a day or more to the journey. Compliance checks on larger or unusual payments can also add a delay, regardless of the details.

When a payment takes longer than expected, contact your bank for the tracking status and the transaction reference. Keep the payment confirmation until the recipient confirms – you will need it for any trace request.

A missing payment is investigated from the sending side. As a recipient, it helps to look at your account to see a partial amount, since fees may have been deducted.

Which of the 2 codes of Banque Centrale des Etats de L'afrique de L'ouest do you need?

Banque Centrale des Etats de L'afrique de L'ouest has 2 separate SWIFT/BIC codes across 2 cities. One of them is the head office code, BCAOMLBAXXX; the rest identify branches, and sometimes internal departments.

For the vast majority of incoming transfers, the head office code BCAOMLBAXXX is what you need. Just use a branch code when your contact explicitly asks for it.

Not sure which code to use? Ask the recipient. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.