Banco Occidental de Descuento Bu C.a. SWIFT/BIC code

Banco Occidental de Descuento Bu C.a. SWIFT code: BODEVE2M

The short code BODEVE2M and the 11-character code BODEVE2MXXX refer to the same bank: Banco Occidental de Descuento Bu C.a. in Maracaibo, Venezuela. Banks worldwide use BIC codes to direct payments between countries to the correct institution. In practice you usually see it on international invoices, in your banking app and in the bank details that Banco Occidental de Descuento Bu C.a. provides.

On this page we explain what the code is put together, when you need it and what else you need for a transfer to or from Banco Occidental de Descuento Bu C.a.. The SWIFT code alone cannot identify a personal account; that is what the account number or IBAN .

What to give a sender who pays you at Banco Occidental de Descuento Bu C.a.

When you are waiting for money from abroad, give the sender all details at once. Share your name as the bank knows it, your account number or IBAN, the BIC BODEVE2MXXX and your address.

It helps to include the bank name and its city too, since some forms ask for it. A typo in the IBAN can be harder to fix than you might think.

The amount you receive is often lower than the amount sent. Fees for incoming transfers differ from bank to bank; check the price list of Banco Occidental de Descuento Bu C.a.. On invoices, you can state who bears the costs.

8 or 11 characters: BODEVE2M versus BODEVE2MXXX

The structure of every SWIFT code never changes: four characters for the institution, two for the country and two for the location. The result is BODEVE2M for Banco Occidental de Descuento Bu C.a..

Many payment forms work with either length. If yours asks for eleven characters, use BODEVE2MXXX, otherwise BODEVE2M is fine.

Type the code as one block, in upper case and without spaces. Pasting the code is safer than retyping it.

How long does an international transfer to Banco Occidental de Descuento Bu C.a. take?

An international transfer usually takes one to a few business days, depending on the currency, the route and the banks involved. Payments made late in the day or just before weekends and holidays usually go out the next business day. Occasionally a bank wants to know about the purpose of a payment before releasing it.

If a transfer seems delayed, ask your bank about the status or the UETR; with that reference banks can see where the payment is. Save your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

If a payment has not arrived after a few business days, the sender needs to contact the bank that sent it rather than Banco Occidental de Descuento Bu C.a.. On the receiving end, it helps to check your account for a partial amount, since fees may have been deducted.

Where our SWIFT data comes from

We gather SWIFT/BIC codes using public sources and update our list from time to time. It is possible that a code on this page is no longer current. The figures on this page are based on what is in our directory.

Use this page as a starting point, not as the final word: the recipient’s bank details come first. GoldexPay is not affiliated with Banco Occidental de Descuento Bu C.a., we only compare transfer services. Should you notice a mistake, we appreciate a message.

Verifying the SWIFT code of Banco Occidental de Descuento Bu C.a.

The most reliable place for the correct BIC is a document from the bank itself. Compare that code against BODEVE2M here; if they differ, ask before you pay.

Errors in the SWIFT code tend to be costly more than disastrous: often the payment comes back, minus fees. A mistake in the account number is a bigger problem, because the money may be credited to someone else.

An automatic check by your bank merely tells you that the code exists, not that it is the right account. Some banks now compare the payee name against the account; take any warning seriously. For a first payment, some people start with a small test amount and wait for confirmation.

What a transfer from Banco Occidental de Descuento Bu C.a. abroad really costs

An international bank payment costs more than the listed fee. There is the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

The markup on the rate tends to be the largest item. An easy check: set the bank’s rate against the mid-market rate and look at the difference.

For many currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer. GoldexPay lists transfer providers side by side so you can see the amount the recipient gets for the same amount sent. You can always use your account at Banco Occidental de Descuento Bu C.a., while a cheaper service handles the conversion.

Scams that use SWIFT codes

Be alert when a contact suddenly asks you to pay into a different account. That BODEVE2M is a real code does not mean that a request mentioning it is legitimate; criminals use the codes of real banks too.

Never rely on a phone number from the same email that contains the change. Urgency or requests to keep it quiet are warning signs; a genuine business can wait for you to check. Acted too fast? Contact the bank you paid from without delay and ask them to try to recall the payment and report the fraud.

People receiving money can be targeted as well: a classic trick is an overpayment followed by a request to send back the difference abroad. A payment confirmation from the sender proves nothing.

Banco Occidental de Descuento Bu C.a.: head office code versus branch codes

Our directory lists 2 SWIFT/BIC codes for Banco Occidental de Descuento Bu C.a., spread over 2 cities. Next to the head office code BODEVE2MXXX, there are codes for branches, departments or specific services.

In most cases you do not need to look up a branch: transfers sent to BODEVE2MXXX are routed within Banco Occidental de Descuento Bu C.a. correctly. A branch code only makes sense if the recipient’s bank explicitly mentions it.

Not sure which code applies? Check with the recipient or the bank itself. Codes for branches are more prone to change than BODEVE2MXXX when a bank merges or closes offices.