In an increasingly globalized world, international money transfers have become an essential financial service for individuals and businesses. For those looking to send funds to Colombia, understanding how to properly use a bank's SWIFT/BIC code is critical. Recent information confirms that Banco GNB Sudameris' SWIFT code is BSUDCOBBCTG , a key identifier ensuring smooth cross-border transactions.
The Role of SWIFT Codes in International Banking
SWIFT codes, also known as BIC (Bank Identifier Codes), serve as unique identifiers for financial institutions worldwide. When initiating an international wire transfer, providing the correct SWIFT code—such as BSUDCOBBCTG for Banco GNB Sudameris—ensures funds reach the intended recipient without delays. These codes are standardized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and are indispensable for secure global transactions.
About Banco GNB Sudameris
Banco GNB Sudameris operates in Cartagena, Bolívar Department, Colombia, offering a range of financial services including personal banking, commercial transactions, and international money transfers. The bank's full address in Cartagena provides additional verification for senders, further safeguarding transactions.
Key Considerations for Senders
- Accuracy is paramount: Always double-check the SWIFT code ( BSUDCOBBCTG ) and recipient details before submitting a transfer.
- Transaction speed: Correct codes facilitate faster processing, typically within 1-3 business days.
- Regulatory compliance: SWIFT codes help financial institutions comply with international anti-money laundering (AML) protocols.
Financial experts emphasize that understanding SWIFT codes significantly enhances transaction security and efficiency. Whether sending remittances or conducting business payments, verifying these details beforehand prevents costly errors and ensures seamless fund transfers to Colombian accounts.