SWIFT/BIC codes in Venezuela

SWIFT/BIC codes in Venezuela

Here you will find codes for 83 banks in Venezuela. You will need a SWIFT/BIC code mainly for payments across borders, and especially for payments in foreign currencies.

Search for the recipient’s bank below and open its page to see all codes we have. Further down you can read how codes from Venezuela are built, how to send money to Venezuela at a fair price and what to check before you pay.

Verifying a SWIFT code from Venezuela

The best place to find the right code remains paperwork issued by the bank. An incorrect BIC may lead to delays, a returned payment or extra fees.

We gather SWIFT/BIC codes using public sources and check our list from time to time. Even so, banks merge or change codes. Before a payment of any size, check the BIC with the recipient’s bank. GoldexPay is an independent comparison service for money transfers and not part of any bank listed here.

Fraudsters regularly use payment requests with new bank details that look completely genuine. A real SWIFT code says nothing about who owns the account: criminals use real codes too.

The largest SWIFT network in Venezuela: Banco Financiero

In our directory, Banco Financiero holds the largest number of SWIFT/BIC codes of all banks in Venezuela. Its main office uses BANFVEC1XXX.

A large number of codes often means that the bank registers branches and departments separately – it says nothing about the size of the bank as such. Paying someone at Banco Financiero? Use BANFVEC1XXX except when the recipient gives you a branch code.

The cheapest way to send money to Venezuela

What you pay for a transfer to Venezuela is made up of more than one component – not only the fee you see. You pay a transfer fee, possibly charges from intermediary banks and, most importantly, the exchange rate markup if the money is converted.

The markup on the rate is often the largest cost item because it is hidden in the rate. A simple test: set the rate you get against the mid-market rate and work out the difference on your amount.

Specialised transfer providers often use rates closer to the mid-market rate with clearer fees. GoldexPay compares transfer services next to each other so you can see the amount that reaches the recipient.

SWIFT transfers to Venezuela

Venezuela is outside the SEPA area, so European euro rules do not apply. Payments from abroad normally travel over the SWIFT network – which is why you need the BIC of the recipient’s bank.

Depending on the country, the account is identified by a domestic account number instead of an IBAN. The recipient’s bank often provides instructions for incoming international payments – follow them exactly. SWIFT payments sometimes go via one or more intermediary banks and fees can be taken along the way.

Receiving money in Venezuela from abroad

Someone abroad who wants to pay you needs several details about your account. That means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code of your bank and usually your postal address.

Find your bank in the list on this page and compare the code with your own bank details – your bank statement is the final word. Some banks may also ask for your bank’s address, so keep it at hand.

What lands in your account is often lower than the amount sent. Charges on incoming payments vary per bank. For business payments, state who bears the costs.

Transfer times to Venezuela

How quickly a payment reaches Venezuela is determined by a few things: which currency you send, the number of banks in between, daily processing deadlines and time zones. Transfers sent after the cut-off time or on a weekend or public holiday often start a business day later.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR. Specialist transfer services often show tracking in their app so you can follow the payment.

Recognising a SWIFT code from Venezuela

A SWIFT code is either 8 or 11 characters long and the parts always come in the same order. First comes a four-letter bank code, then two letters for the country and a two-character location code.

In every code from Venezuela, letters five and six show the two-letter ISO code of Venezuela – that is the quickest way to spot one. Codes with other letters in that position belong to a bank abroad.

The long version adds a branch code – XXX stands for the head office. Choose a branch code only if the recipient’s bank asks for it; otherwise the head office code is the safe choice.