Sociedad Financiera Consolidada SWIFT/BIC code

SOFCVEC1 – the SWIFT/BIC code of Sociedad Financiera Consolidada

The short code SOFCVEC1 and the 11-character code SOFCVEC1XXX refer to the same bank: Sociedad Financiera Consolidada. A SWIFT code tells the banks handling a payment exactly which bank is meant to get the money, a bit like a postal address for banks. In practice you usually see the code on invoices from abroad, in your banking app and on the account details of Sociedad Financiera Consolidada customers.

We wrote this page to help people who pays into an account at Sociedad Financiera Consolidada without mistakes. The SWIFT code alone does not identify a personal account; that is what the account number or IBAN .

Transfer times and tracking a payment to Sociedad Financiera Consolidada

How fast a transfer reaches Sociedad Financiera Consolidada depends on a few things: the currency, how many intermediary banks are involved, cut-off times and time zones. Transfers sent after the cut-off time or just before weekends and holidays usually start a business day later. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often provide tracking online so you can see how far the money has got.

The bank that sent the money can start an official trace; the receiving side usually has nothing to trace yet. On the receiving end, you can look at your statements for a slightly lower amount.

Choosing between the 2 SWIFT codes of Sociedad Financiera Consolidada

Sociedad Financiera Consolidada has 2 different SWIFT/BIC codes. One of them is the head office code, SOFCVEC1XXX; the rest identify branches or departments, and sometimes specific services.

Unless the recipient tells you otherwise, use SOFCVEC1XXX or its short form SOFCVEC1. When you receive a branch code, use it as it is instead of replacing it for the head office code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes can change over time, so a code from an old document is not always valid.

Scams that use SWIFT codes

A common scam works like this: you receive a request saying that a company has new bank details. That SOFCVEC1 is a real code is no guarantee that the account is genuine; criminals use the codes of real banks too.

Check changed payment details via a separate channel. Watch out for time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Call your bank straight away and ask them to start a recall and report the fraud.

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

Why Sociedad Financiera Consolidada has an 8- and an 11-character code

The layout of a BIC is always the same: a bank code of four letters, a two-letter country code and two for the location. Together, those parts make up SOFCVEC1 – the version you usually see online.

XXX at the end of SOFCVEC1XXX does not stand for a missing value or an error: it indicates the main office of Sociedad Financiera Consolidada. Some banking apps insist on 11 characters, in which case you can add XXX behind SOFCVEC1.

Enter the code as one block, in capitals and without spaces, exactly as shown here. Watch for O versus 0 and the letter I and the digit 1; they are easy to mix up.

Receiving money from abroad at Sociedad Financiera Consolidada

For an international payment at Sociedad Financiera Consolidada, the person paying you needs not just the SWIFT code. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the BIC SOFCVEC1XXX and sometimes your postal address.

Their bank may also ask for the bank address of Sociedad Financiera Consolidada, in which case the Caracas head office is the usual answer. A mistake in your account number can be more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account is often lower than what was sent. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin applies. Make clear with the sender who pays which costs, especially for larger amounts.

Paying someone abroad from your Sociedad Financiera Consolidada account

If you send money to another country through Sociedad Financiera Consolidada, the fee you see is only part of what you pay. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup if the currency changes.

Most of the cost usually sits in the exchange rate: many banks convert at a rate with a margin built in. An easy check: set the bank’s rate against the mid-market rate and work out the difference on your amount.

Specialised transfer providers often use a rate near the mid-market rate. Next time you send money, take a minute comparing what arrives via GoldexPay rather than accepting the bank’s rate by default. You can always use your account at Sociedad Financiera Consolidada as the source of the money, while a cheaper service handles the conversion.

Verifying the SWIFT code of Sociedad Financiera Consolidada

Have the recipient copy the bank details directly from a recent statement. When the code you were given does not match SOFCVEC1 or SOFCVEC1XXX, do not guess.

With a wrong code, the payment might be delayed, be returned or end up costing more, and tracing it can take weeks. A mistake in the IBAN or account number can be more serious.

A validity check in your banking app only tells you that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a name check before sending adds extra certainty. A small test payment can be a sensible step for a large first payment, even if it costs an extra fee.

A note on our data

Our SWIFT/BIC directory is based on public sources and we update it periodically. It is possible that a code here is no longer current after a merger or reorganisation. The number of codes on this page reflect our own data and not on information from Sociedad Financiera Consolidada itself.

Treat our directory here as a helpful check. GoldexPay is a comparison service for money transfers and not affiliated with Sociedad Financiera Consolidada. Found an error? Tell us via our contact form.