In international money transfers, SWIFT/BIC codes function as navigation systems, ensuring funds reach their destination securely and efficiently. For Banco Itaú Chile, the SWIFT code CONBCLRMXXX serves as this critical identifier, particularly important for foreign exchange transactions where accuracy determines successful fund delivery.
Headquartered in Santiago at Presidente Riesco 5537, Floor 7, Edificio Nueva Las Condes, Las Condes, the bank plays a pivotal role in processing international transfers through the SWIFT network. The institution's physical location in Chile's financial district underscores its position in facilitating cross-border financial operations.
A practical example illustrates the process: When sending $10,000 USD from France through Banco Itaú Chile, the recipient would receive approximately €8,411 EUR after currency conversion. This transaction demonstrates both the complexity of international transfers and the necessity of precise SWIFT code implementation to maintain transaction integrity.
Financial institutions periodically update SWIFT codes in response to evolving global banking standards. Verification of current codes with issuing banks remains essential before initiating transfers. Such due diligence prevents processing delays and ensures compliance with international financial regulations.
Proper utilization of standardized identifiers like CONBCLRMXXX enhances both the security and efficiency of international fund transfers. This technical knowledge empowers individuals and businesses to navigate global financial systems with confidence, ensuring seamless movement of capital across borders.