In an increasingly interconnected global economy, cross-border money transfers have become an essential part of daily life. Whether supporting family members abroad or facilitating international trade, reliable remittance services play a crucial role. However, ensuring the accuracy and efficiency of these transactions remains a primary concern for users, particularly when navigating different national banking systems. Understanding SWIFT/BIC codes is fundamental to this process.
As a cornerstone of international finance, the SWIFT (Society for Worldwide Interbank Financial Telecommunication) code—also known as a BIC (Bank Identifier Code)—serves as a unique identifier for financial institutions. Comprising 8 to 11 alphanumeric characters, each bank's SWIFT code is distinct. Even minor errors in entering these details can result in delayed transfers or funds being sent to incorrect accounts.
Key Details for Transfers to BANCO GNB SUDAMERIS in Colombia
For those sending funds to BANCO GNB SUDAMERIS in Cali, Colombia, the following information must be verified:
- Bank Name: BANCO GNB SUDAMERIS
- City: CAL
- Address: CALI, VALLE DEL CAUCA
- Country: COLOMBIA
- SWIFT Code: BSUDCOBBCL1
Decoding SWIFT/BIC Structure
The alphanumeric sequence of a SWIFT code follows a standardized format:
- First 4 characters: Bank code (e.g., "BSUD" for BANCO GNB SUDAMERIS)
- Next 2 characters: Country code ("CO" for Colombia)
- Following 2 characters: Location identifier ("BB" for Cali)
- Final 3 characters (optional): Branch-specific details ("CL1" in this case)
Best Practices for Secure Transfers
While technological advancements have streamlined cross-border payments, users should remain vigilant:
- Always verify the recipient's name, account number, and SWIFT code before initiating transfers
- Research exchange rates and potential fees to avoid unexpected costs
- Utilize transaction tracking services provided by your bank
- Confirm the legitimacy of digital remittance platforms before use
As global financial interactions continue to expand, standardized systems like SWIFT codes ensure transparency and security in international transactions. Whether conducting business or supporting loved ones overseas, proper attention to these details safeguards financial assets and maintains trust in cross-border economic relationships.