When sending money internationally, one of the most critical concerns is ensuring the funds reach the intended recipient without delays or errors. The SWIFT/BIC code system plays a pivotal role in this process, acting as a global identifier for banks to facilitate accurate cross-border transactions. For customers of BANCO GNB SUDAMERIS , understanding these codes is essential for seamless financial transfers.
Decoding the SWIFT/BIC Structure
A SWIFT/BIC code is more than just a random sequence of letters and numbers—each segment holds specific information about the bank and its location. Here’s how BANCO GNB SUDAMERIS’s code breaks down:
- Bank Code (BSUD) : The first four characters uniquely identify BANCO GNB SUDAMERIS within the global banking network.
- Country Code (CO) : The next two letters confirm the bank’s location in Colombia .
- Location Code (BB) : These characters specify the bank’s primary operational hub.
- Branch Code (MZ1) : The final three digits pinpoint a specific branch. If the code ends with "XXX," it refers to the bank’s headquarters.
Key Details for BANCO GNB SUDAMERIS
The complete SWIFT/BIC details for BANCO GNB SUDAMERIS are as follows:
- Full SWIFT Code : BSUDCOBBMZ1
- 8-Character SWIFT Code : BSUDCOBB
- Branch Code : MZ1
- City : MANIZALES
Why Accuracy Matters
Using the correct SWIFT/BIC code is non-negotiable for international transfers. Even minor discrepancies can lead to delays, additional fees, or failed transactions. Before initiating a transfer, always verify:
- The recipient bank’s exact name matches the SWIFT code.
- The country code aligns with the bank’s registered location.
By double-checking these details, senders can minimize risks and ensure their funds arrive securely and on time.