Banco Caroni, C.a. Banco Universal SWIFT/BIC code

What CAROVECA means for a payment to Banco Caroni, C.a. Banco Universal

CAROVECA and CAROVECAXXX are two spellings of the same SWIFT/BIC code, and both point to Banco Caroni, C.a. Banco Universal in Caracas. A SWIFT code shows the banks handling a payment exactly which bank should receive the money, much like a postcode for banks. It comes up mainly when dealing with transfers between countries.

This page is meant to help people who receives money at an account at Banco Caroni, C.a. Banco Universal and wants to get the details right. The BIC names a bank or branch, not a single account.

Tracking a transfer to or from Banco Caroni, C.a. Banco Universal

How quickly a transfer arrives at Banco Caroni, C.a. Banco Universal depends on a few things: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Bank holidays in either country can add a day or more, since banks do not process on those days. Occasionally a bank wants to know about the purpose of a payment before releasing it.

If the money is late, ask your bank about the status or the UETR so they can trace it along the chain. Money transfer services usually provide tracking online so you can see where the money has got.

If a payment has not arrived after a few business days, the person who paid needs to contact the bank that sent it, not the receiving bank. Request from the sender a copy of the payment confirmation.

Watch out for payment fraud

A common scam works like this: you receive a message claiming that a contact now has a new bank account and that the next payment should go there. The fact that CAROVECA exists does not mean that a request mentioning it is legitimate; criminals use the codes of real banks too.

Do not rely on contact details in the same message that announces the new account. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Scams can also work the other way: someone claims to have sent more than agreed and asks you to refund the extra. Wait until the money has really arrived and check with Banco Caroni, C.a. Banco Universal if anything seems off.

Head office or branch code at Banco Caroni, C.a. Banco Universal?

Banco Caroni, C.a. Banco Universal uses 2 separate SWIFT/BIC codes across 2 locations. One of them is the head office code; the others belong to branches or departments, and sometimes internal departments.

For most incoming transfers, the head office code CAROVECAXXX works fine. If you have been given a branch code, use it as it is instead of replacing it with the head office code.

Unsure which code to use? Ask the recipient. Branch codes can change when banks reorganise, so do not rely on old paperwork.

How up to date is this code?

The details on this page are taken from public sources which we refresh regularly. It can happen that information on this page is out of date, for example after a merger. Figures such as the number of codes come from our own dataset and are not confirmed by Banco Caroni, C.a. Banco Universal.

Treat this page as a reference, not as the last word – the bank details from the recipient are leading. GoldexPay has no connection to Banco Caroni, C.a. Banco Universal; we are a comparison site for money transfers. Should you notice a mistake, we appreciate a short note via the contact page.

Receiving money from abroad at Banco Caroni, C.a. Banco Universal

If you expect money from abroad, send the payer all details at once. Share your name as the bank knows it, the IBAN or account number, SWIFT code CAROVECAXXX and your address, which some banks require.

Certain banks want the bank’s address in Caracas; it does no harm to include it. Double-check the details before you share them.

The amount you receive is often less than the amount sent. Intermediary banks may deduct a fee, and if the money is converted, a markup on the rate applies. On invoices, it is common to agree who bears the costs.

8 or 11 characters: CAROVECA versus CAROVECAXXX

The structure of a BIC is always the same: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. The result is CAROVECA for Banco Caroni, C.a. Banco Universal.

The long version has a three-character extension for a branch or department. When those three characters are XXX, they simply mean the head office, which is why CAROVECAXXX and CAROVECA lead to the same place.

Do not add spaces or dashes when you enter CAROVECA or CAROVECAXXX. Pasting the code beats typing it by hand: a typo can point to another bank.

How to check CAROVECA before you pay

The most reliable place for the right code remains paperwork issued by the bank. Compare it against CAROVECA on this page and ask if anything does not match.

Mistakes in the BIC tend to be costly more than disastrous. An error in the account number can be a bigger problem, because the money may be credited to someone else.

Many banking apps validate the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. More and more banks check the payee name against the account before you confirm; take any warning seriously. Sending a small amount first is worth it for a large first payment despite the extra fee.

Sending money abroad from Banco Caroni, C.a. Banco Universal

An international bank payment can cost more than the fee suggests. There is the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup when the money is converted.

Many banks rarely list their exchange rate markup separately. A simple test: put the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

For many routes, a specialist provider is less expensive than a bank. On GoldexPay we compare the amount that arrives with different services, so you can pick the cheapest route. You can still use your account at Banco Caroni, C.a. Banco Universal as the source of the money; only the conversion and sending happen elsewhere.