Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) SWIFT/BIC code

Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) SWIFT code: BNIFPTPL

Whether a recipient gives you BNIFPTPL or BNIFPTPLXXX, you are looking at the same address for Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) in Portugal. A SWIFT code shows the sending bank which institution should receive the money. You will need it mostly for transfers between countries or a currency.

This page is meant to help people who pays into an account at Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) and wants to get the details right. The BIC identifies an institution, never a specific account, which is why you always need the account number too.

Protect yourself against fake payment requests

Stay alert when a contact unexpectedly asks you to pay into another account abroad. A real SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Before paying, confirm a change of bank details through a phone call. Watch out for urgent requests, odd spelling or an email address that differs by one letter. When a payment has already gone to a fraudster, call your bank right away.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to refund the difference abroad. A screenshot of a transfer is no proof.

Sending EUR to Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.)

Portugal uses the Euro, with the currency code EUR. When you pay another currency it has to be converted at some point – by your bank, by Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) or by a bank in between. Each conversion costs the amount.

Where the conversion happens has an effect on the final amount, since every bank sets its own rate. Transferring the money directly in EUR usually prevents an extra conversion at the receiving end, provided the rate you get is fair.

The rate for EUR fluctuates constantly and quotes are often valid only for a short time. For recurring payments, a slightly better rate make a real difference over time.

Which of the 4 codes of Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) do you need?

Our directory lists 4 SWIFT/BIC codes for Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.), spread over 3 cities. Besides the head office code BNIFPTPLXXX, you will find codes for individual branches and departments.

Usually there is no need to look up a branch: payments addressed to BNIFPTPLXXX reach Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) without problems. Branch codes are only needed when the account holder specifically mentions it.

The safest route is to copy the code directly from the account holder’s invoice. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.

International transfers from Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.): the real cost

When you transfer money abroad through Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.), the fee you see is only part of the cost. On top of the transfer fee, banks in between may deduct a fee, and if the money changes currency the bank often uses a rate that is less favourable than the real market rate.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate with a margin built in. Check their rate against the mid-market rate – the rate you find on financial news sites.

Specialist money transfer services frequently use a rate near the mid-market rate with clearer fees. Next time you send money, take a minute comparing what arrives via GoldexPay instead of going straight to your bank. Using a transfer service does not mean closing your account at Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) – you pay the provider from your own account.

How long does an international transfer to Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) take?

An international transfer usually needs anywhere from one to several business days. Transfers sent late in the day or just before a weekend or public holiday often go out a business day later. Occasionally a bank asks about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, contact your bank for the tracking status; with that reference banks can see where the payment is. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

If the money does not arrive after a few business days, the sender needs to contact the bank that sent it. On the receiving end, you can check your statements to see a partial amount because fees can reduce the amount.

Before you send: check the Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) code

The most reliable source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check that code against BNIFPTPL here.

Errors in the SWIFT code are annoying more than disastrous – usually the money comes back, minus fees and time lost. Remember the account number: an error there is harder to undo than a wrong code.

Many banking apps check the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a name check before sending adds an extra layer of safety. For a first payment, some people send a small test amount and wait for confirmation.

BNIFPTPL or BNIFPTPLXXX – which one to use?

Each SWIFT/BIC code has an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. Together, these eight characters make up BNIFPTPL, the code most people search for.

Many banks and apps work with either length. If a form asks for eleven characters, enter BNIFPTPLXXX.

Type the code as one block, in capitals and without spaces. Look out for O versus 0 and I versus 1.

A note on our data

We gather bank codes from public sources and update them regularly. Even so, banks merge, rename themselves or change codes and our data may lag behind. The number of codes on this page reflect what is in our directory, not official figures from Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.).

See our directory on this page as a handy check. GoldexPay is independent of Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.). If you notice something that is out of date, we appreciate a message via the contact page.

Incoming international payments to Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.)

When you expect money from abroad, send the payer everything they need in one go. Share your name as the bank knows it, the IBAN or account number, SWIFT code BNIFPTPLXXX and your address.

Some sending banks want the bank’s address in Lisbon; it does no harm to include it. Double-check the details before you send them.

What lands in your account is often less than what was sent. Charges on incoming payments differ from bank to bank. Make clear with the sender who covers the fees, especially for larger amounts.

SEPA payments and the Banco Santander Totta, S.A. (Formerly Banif - Banco Internacional do Funchal, S.A.) BIC

Portugal belongs to the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a standard euro transfer within SEPA, the IBAN is usually enough; many banks no longer ask for the BIC.

You still need BNIFPTPLXXX when sending non-euro payments or transfers from countries outside SEPA. A few banks and apps still ask for the BIC; in that case, enter BNIFPTPL or BNIFPTPLXXX.

Instant payments in euros are widely supported within SEPA. As long as the payment stays in euros, a SEPA transfer is cheap.