In today's increasingly globalized world, international money transfers have become indispensable for both businesses and individuals. Whether conducting commercial transactions or supporting family abroad, understanding the fundamentals of cross-border payments—especially when using specific financial institutions—is an essential skill.
Understanding SWIFT Codes for Secure Transfers
The SWIFT code (or BIC code) serves as a universal identifier for financial institutions, established by the Society for Worldwide Interbank Financial Telecommunication (S.W.I.F.T). This standardized system ensures accurate routing of funds across borders. For Argentina's Banco Supervielle, the designated SWIFT code is BSUPARBAXXX .
This alphanumeric sequence isn't arbitrary—each segment conveys specific information about the bank's location and identity. Proper utilization of this code enhances transaction verification, minimizes processing errors, and safeguards fund security during international transfers.
Bank Profile: Key Details for Successful Transfers
Founded in 1887 and headquartered at Reconquista 330, Buenos Aires (C1036AAH), Banco Supervielle maintains a longstanding presence in Argentina's financial sector. When initiating transfers, precise entry of these institutional details proves critical:
- Official bank name: Banco Supervielle S.A.
- Headquarters address: Reconquista 330, Buenos Aires, C1036AAH
- SWIFT/BIC: BSUPARBAXXX
Even minor discrepancies in these details may cause processing delays or misdirected funds, potentially disrupting financial operations.
Exchange Rates and Fee Structures
When utilizing international transfer platforms, two financial factors significantly impact final settlement amounts:
- Exchange rates : Applied rates typically differ from interbank market rates
- Fee structures : Vary by transfer amount, destination country, and service provider
For example, a $10,000 USD transfer might yield €8,462 at the recipient's account after accounting for exchange rates and applicable fees. Prereviewing these financial parameters enables accurate budgeting and optimal fund utilization.
Essential Transfer Components
Beyond SWIFT codes, successful international remittances require:
- Complete beneficiary account information
- Recipient's full legal name and current address
- Contact details for verification purposes
Digital platforms have streamlined this process significantly. Modern solutions enable real-time transaction monitoring, automated fee calculations, and immediate exchange rate comparisons—all accessible through intuitive interfaces.
Security Considerations for Cross-Border Transfers
Financial security remains paramount when conducting international transactions. Recommended precautions include:
- Verifying platform security certifications before initiating transfers
- Avoiding public networks when accessing financial accounts
- Protecting sensitive banking credentials from unauthorized access
These measures help prevent financial fraud while ensuring confidential information remains protected throughout the transfer process.
By understanding these fundamental aspects—from SWIFT code utilization to fee structures and security protocols—individuals and businesses can execute international transfers through Banco Supervielle with confidence and efficiency. Thorough verification of all transaction details remains the most reliable method for preventing processing delays and ensuring successful fund delivery.