Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) SWIFT/BIC code

BACUPAPA – the SWIFT/BIC code of Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.)

If an invoice shows BACUPAPA or BACUPAPAXXX, you are looking at the identical address for Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) in Panama. A SWIFT code shows the banks handling a payment exactly which bank should receive the money. In practice you mostly come across it on invoices from abroad, in payment forms and on the account details that Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) provides.

We wrote this page to help anyone who pays into an account at Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.). The SWIFT code on its own does not identify an individual account holder; for that you need the account number or IBAN .

Before you send: check the Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) code

The safest source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check it with BACUPAPA on this page.

Errors in the SWIFT code are costly more than fatal. Remember the account number: a mistake there can be harder to undo than a wrong BIC.

Many banking apps validate the format of an IBAN. More and more banks compare the payee name with the account – do not ignore a mismatch warning. Sending a small amount first is worth it for a large first payment.

What a transfer from Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) abroad really costs

When you transfer money to another country from Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.), the fee you see is rarely all of the cost. There is the transfer fee, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate if the currency changes.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts using an exchange rate that includes a margin. A simple test: set the rate you get against the mid-market rate and look at the difference.

Specialist money transfer services often offer a rate near the mid-market rate and lower fees. GoldexPay lists these services next to each other, showing the amount the recipient gets for the same amount sent. Choosing a specialist does not require closing your account at Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.).

Why Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) has an 8- and an 11-character code

A BIC is built from a few fixed parts: the first four letters identify the bank, characters five and six show the country and the two after that indicate the location. In this case, that core is BACUPAPA.

Most payment forms accept both lengths. If a form requires eleven characters, use BACUPAPAXXX, otherwise BACUPAPA is fine.

Do not add spaces or dashes when you enter BACUPAPA. A wrong letter can send the money to another bank, so copy it carefully.

What to give a sender who pays you at Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.)

When you expect money from abroad, give the sender a complete set of details. The basics are: the account holder’s name, IBAN or account number, BACUPAPAXXX and, for some countries, your home address.

Certain sending banks also ask for the bank’s address in Panama; it does no harm to include it. Check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be less than what was sent. Fees for incoming transfers differ from bank to bank. Agree with the sender who covers the fees before the money is sent.

About this information

We collect bank codes using public sources and update our list from time to time. Institutions reorganise, close branches and change codes – a directory can be a step behind. Figures such as the number of codes come from our own dataset and may differ from what Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) publishes.

See the information on this page as a helpful check and rely on the recipient or Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) for the final confirmation. GoldexPay is independent of Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.); we are a comparison site for money transfers. Found an error? Tell us via our contact form.

Tracking a transfer to or from Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.)

A SWIFT payment usually 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 can add a day or more. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Save the payment confirmation until the money has arrived – you will need it for any trace request.

If a payment has not arrived after a few business days, the person who paid should start with the bank that sent it. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Which of the 2 codes of Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) do you need?

Our directory lists 2 SWIFT/BIC codes for Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) in 1 cities. Next to the head office code BACUPAPAXXX, there are codes for regional offices and specialised units.

In most cases you do not need to look up a branch: payments sent to BACUPAPAXXX are routed within Scotiabank (Panama) S.A. (Formerly Banco Citibank (Panama), S.A.) correctly. A branch code only makes sense when the account holder explicitly asks for it.

If you are not sure, check with the recipient which code their bank gave them. Branch codes are more likely to be retired than the head office code when a bank merges or closes offices.

Changed bank details? Be careful

Stay alert if a contact unexpectedly asks you to pay into a different account. That BACUPAPA is a real code does not mean that the account is genuine.

Do not trust contact details in the same message that announces the change. Pressure and secrecy are warning signs; a genuine business can wait for you to check. Already paid? Call your bank without delay and have them start a recall.

Fraud also work the other way. Someone claims to have sent more than agreed and wants you to refund the difference via a different route. A payment confirmation from the sender is no proof.