In international financial transactions, the SWIFT/BIC code is a critical component. For individuals or businesses initiating cross-border transfers, verifying the correct code of the recipient’s bank ensures both the security of funds and the efficiency of the transaction. For clients dealing with BANCO GNB SUDAMERIS in Colombia, the SWIFT code BSUDCOBB BGA is essential for seamless international transfers.
Headquartered in Bucaramanga, Colombia , BANCO GNB SUDAMERIS operates in the Santander province. Its SWIFT code uniquely identifies the bank and specifies the relevant branch, facilitating smooth cross-border transactions. The code acts as a global identifier, ensuring that funds are routed accurately to the intended account.
Currency conversion is another vital aspect of international transfers. For instance, if a sender in France transfers $10,000 USD , the recipient would receive approximately 8,409 EUR (based on an exchange rate of 0.8409). Such transactions typically take three business days to process. Fees for these services can vary significantly, ranging from $0 (during promotional periods) to $300 , depending on the transfer method and additional services.
Understanding real-time exchange rates and potential fees is crucial for senders to estimate the final amount the recipient will receive. In this case, the rate of 0.8409 means each dollar converts to 0.8409 euros, highlighting the impact of fluctuations on transferred amounts.
In summary, when initiating an international transfer through BANCO GNB SUDAMERIS , using the correct SWIFT code BSUDCOBB BGA guarantees both security and timeliness. This code not only authenticates the bank’s identity but also ensures precision in the fast-paced world of global finance. For anyone conducting cross-border transactions, these details are indispensable for efficient and secure financial operations.