Sending money internationally can be a seamless process—provided the correct banking details are used. One critical element often overlooked is the SWIFT/BIC code, a unique identifier that ensures funds reach the intended bank and branch. An incorrect code may result in delayed transactions or even financial losses.
For those transferring funds to BANCO PICHINCHA C.A. in Ecuador, the correct SWIFT/BIC code is PICHECEQ105 . This code directs transactions specifically to the bank’s branch in Guayaquil, Guayas . SWIFT/BIC codes typically consist of 8 to 11 characters, serving as a global standard for identifying financial institutions and their respective branches.
To minimize errors and ensure a smooth transfer, follow these essential steps:
- Verify Bank Information: Confirm that the recipient’s bank name matches exactly with the institution you are sending funds to.
- Check the Branch: If using a specific branch code, ensure it corresponds to the recipient’s location.
- Confirm Country Alignment: Some banks operate internationally—verify that the SWIFT/BIC code aligns with the correct country of the recipient’s bank.
Paying attention to these details helps safeguard transactions and prevents unnecessary complications. Whether for personal or business purposes, accuracy in international transfers is paramount to avoid disruptions and ensure funds arrive securely.