Scotiabank Uruguay S.A. SWIFT/BIC code

SWIFT/BIC code of Scotiabank Uruguay S.A.

If an invoice shows COMEUYMM or COMEUYMMXXX, you are looking at the same identifier for Scotiabank Uruguay S.A. in Uruguay. Banks worldwide use BIC codes to route international transfers to the correct institution. It comes up mostly for transfers between countries or a currency.

We wrote this page to help people who sends money to an account at Scotiabank Uruguay S.A. without mistakes. A SWIFT code names an institution, not a specific account; the IBAN or account number does that.

International transfers from Scotiabank Uruguay S.A.: the real cost

When you send money abroad via Scotiabank Uruguay S.A., the fee you see is only part of the cost. Besides a fixed fee, banks in between can deduct a fee, and if the money changes currency, the bank often applies a rate below the real market rate.

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. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, take a minute to compare the total cost on GoldexPay. Using a transfer service does not require leaving Scotiabank Uruguay S.A.: you simply pay the service from your account.

Before you send: check the Scotiabank Uruguay S.A. code

The most reliable place for the right code is a document from the bank itself. Check that code against COMEUYMM on this page.

A wrong SWIFT code can cause delays, a returned payment or extra fees. An error in the account number is a bigger problem.

Most online banking apps check the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Some banks now check the payee name with the account – do not ignore a mismatch warning. For a first payment, some people send a small test amount and wait for confirmation.

Watch out for payment fraud

Be alert if someone unexpectedly wants you to send money to a different account abroad. A valid SWIFT code says nothing about who owns the account – scammers simply use real codes.

Before paying, confirm changed bank details through a phone call. Watch out for time pressure, odd spelling or a sender address that is slightly off. When money has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Fraud can also work the other way: someone claims to have sent more than agreed and asks you to refund the difference. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Scotiabank Uruguay S.A.: head office code versus branch codes

Scotiabank Uruguay S.A. uses 2 different SWIFT/BIC codes. Only one is the head office code, COMEUYMMXXX; the rest belong to branches or departments, and sometimes specific services.

For the vast majority of incoming transfers, the head office code COMEUYMMXXX is the right choice. Branch codes are only needed if the recipient’s bank specifically asks for it.

Unsure which code applies? Ask the recipient. Branch codes can change over time, so do not rely on old paperwork.

Receiving money from abroad at Scotiabank Uruguay S.A.

Someone abroad who wants to pay you needs several details about your account. Share the account holder’s name, your account number or IBAN, SWIFT code COMEUYMMXXX and your address.

It helps to include Scotiabank Uruguay S.A. and its city as well, since some forms ask for it. A typo in your account number can be harder to fix than you might think.

Expect that the incoming amount is below what the sender paid. Intermediary banks may deduct a fee, Scotiabank Uruguay S.A. may charge for incoming payments, and when currencies differ, a markup on the rate comes on top. Make clear with the sender who covers the fees, especially for larger amounts.

How long does an international transfer to Scotiabank Uruguay S.A. take?

An international transfer typically takes one to a few 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 wants to know what the payment is for.

Many banks are connected to SWIFT gpi. Each payment carries a unique reference, the UETR. Save the payment confirmation until the recipient confirms – you will need it for any trace request.

The bank that sent the money can start an official trace or a recall; the receiving side usually has nothing to trace yet. On the receiving end, it helps to check your account to see a slightly lower amount.

What the XXX in COMEUYMMXXX means

The layout of a BIC never changes: a bank code of four letters, a two-letter country code and a two-character location code. Combined, these eight characters make up COMEUYMM.

Most payment forms work with either length. If yours requires eleven characters, use COMEUYMMXXX, otherwise COMEUYMM is fine.

Leave out spaces when you enter COMEUYMM. Watch for the letter O and the digit 0 or I versus 1, a common source of typos.

How up to date is this code?

The directory on GoldexPay is based on publicly available sources. Banks reorganise, change names and change codes – a directory can be a step behind. The figures we show are based on our own data, not official figures from Scotiabank Uruguay S.A..

Treat our directory on this page as a handy check. GoldexPay is independent of Scotiabank Uruguay S.A.. If you notice something that is out of date, we welcome a message.