SWIFT/BIC codes in Mayotte

Finding a SWIFT code in Mayotte

In Mayotte our database holds 1 SWIFT/BIC codes, spread over 1 institutions. A BIC shows the banks handling a transfer exactly which bank should receive an international payment.

Pick the bank from the list to view its head office code and its other codes, plus practical notes for sending and receiving money. The sections below covers how the codes work, what transfers cost and how to avoid mistakes before a payment.

Incoming international payments in Mayotte

A sender in another country needs several details about your account, and missing ones are a common cause of delays. That means: your full name as your bank knows it, your account number or IBAN, the BIC of your bank and, often, your address.

The code of your bank is in the list on this page. Some banks also want your bank’s address; it does no harm to include it.

What lands in your account is often less than the amount sent. Intermediary banks may deduct a fee, your bank may charge for incoming payments, and if the money is converted, a markup on the rate comes on top. For business payments, state how the fees are split to avoid a shortfall.

What a transfer to Mayotte really costs

What you pay for a transfer to Mayotte is made up of more than one component, and the fee on your screen is only one of them. There is a transfer fee, sometimes charges from intermediary banks along the way and, above all, the margin on the exchange rate.

The markup on the rate tends to be the largest cost item because it is hidden in the rate. A simple test: put the offered rate next to the mid-market rate and look at the difference.

For a lot of currency pairs, a specialist provider is less expensive than a traditional bank transfer, mainly because of the rate. GoldexPay compares transfer services side by side, showing what actually arrives in Mayotte before you commit.

Tracking a payment to Mayotte

There is no single answer for transfers to Mayotte: some land the same day or the next while others need several business days. Transfers sent after the cut-off time or just before weekends and holidays often go out the next business day.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique transaction reference, the UETR that banks can use to see where the money is. Keep the payment confirmation until the money has arrived – you will need it if something goes wrong.

The structure of a Mayotte SWIFT/BIC code

Every SWIFT/BIC code has eight or eleven characters, always in the same order. Characters one to four stand for the bank, the fifth and sixth characters form the country code and the next two mark the location.

You can spot a bank code from Mayotte from the fifth and sixth characters. If the country letters do not match Mayotte, you are looking at a bank in another country.

When a code ends in XXX, it refers to the head office. Choose a branch code only when the recipient explicitly gives you one; otherwise the head office code is the safe choice.

Which bank in Mayotte has the most codes?

Of all banks we list for Mayotte, Banque Francaise Commerciale de L'ocean Indien is listed with the largest number of SWIFT codes. The head office of Banque Francaise Commerciale de L'ocean Indien uses BFCOYTYTXXX; that is usually the right code for a transfer.

How many codes a bank has says something about how it registers branches and services than about its size. Paying someone at Banque Francaise Commerciale de L'ocean Indien? Go with BFCOYTYTXXX unless a specific branch code is requested.

Sending EUR to Mayotte

Bank accounts in Mayotte are typically held in EUR, the local currency. A payment in a foreign currency will be converted into EUR before it reaches the account – and the bank that does it picks the rate.

Which bank converts the money matters: every bank has its own margin. Often you pay less if you send EUR straight away through a provider that converts near the mid-market rate rather than letting the receiving bank convert. With bigger transfers, a seemingly small gap in the rate adds up quickly.

Paying a bank in Mayotte from abroad

Because Mayotte does not belong to SEPA, a transfer from abroad is usually sent through SWIFT. That means you always need the SWIFT/BIC code of the recipient’s bank.

Not every country uses IBAN numbers; in that case the local account number is used instead. The recipient’s bank often provides instructions for payments from abroad. SWIFT payments can pass through one or more intermediary banks and fees can be taken along the way.

Verifying a SWIFT code from Mayotte

Have the recipient send you their bank details directly from their banking app. An incorrect BIC may lead to delays, a returned payment or additional charges, so compare it with the list on this page.

The directory on GoldexPay is based on public sources that we update periodically. Banks merge, close branches and retire codes – a directory can be a step behind. Treat our data as a starting point rather than the last word: the bank details from the recipient come first. GoldexPay is an independent comparison site.

Watch out for payment requests containing a new account, especially when they come by email. Always confirm changed details by phone, using a number you already had.