Banco FIE SWIFT Code Eases International Money Transfers

In today's globalized financial landscape, understanding how to efficiently conduct international money transfers is essential. For individuals or businesses looking to engage in financial transactions with BANCO FIE S.A. in Bolivia, knowing the correct SWIFT code is a critical step. The SWIFT/BIC code for BANCO FIE S.A. is BFIFBOLPXXX . This unique identifier not only distinguishes the bank within the global financial system but also ensures that funds are accurately directed to the intended recipient.

Bank Details and SWIFT Code Structure

BANCO FIE S.A. is headquartered in La Paz, Bolivia, with its address at:

AV. 6 DE AGOSTO ESQ. GOZALVEZ 2652, ZONA SOPOCACHI, LA PAZ, PEDRO DOMINGO MURILLO.

The SWIFT code, comprising a combination of letters and numbers, follows a standardized structure:

• The first four characters ( BFIF ) represent the bank's unique identifier.
• The next two characters ( BO ) denote the country (Bolivia).
• The following two characters ( LP ) indicate the location (La Paz).
• The final three characters ( XXX ) typically refer to the bank's head office or a specific branch.

The Importance of the SWIFT Code in International Transfers

When initiating an international transfer, the SWIFT code plays a pivotal role in ensuring seamless cross-border transactions. Here’s why it matters:

1. Global Recognition: The SWIFT network is widely used by financial institutions worldwide, facilitating secure and efficient transfers between banks in different countries.
2. Accuracy: Entering the correct SWIFT code for BANCO FIE S.A. minimizes the risk of delays or failed transactions due to incorrect banking details.
3. Security: The SWIFT system enhances transaction security by verifying the recipient bank's identity before processing the transfer.

Key Information Required for International Transfers

To ensure a successful transfer to BANCO FIE S.A., the sender must provide the following details:

• SWIFT Code: BFIFBOLPXXX
• Bank Name: BANCO FIE S.A.
• Bank Address: AV. 6 DE AGOSTO ESQ. GOZALVEZ 2652, ZONA SOPOCACHI, LA PAZ, PEDRO DOMINGO MURILLO.
• Recipient's Account Number: The beneficiary's full account number at BANCO FIE S.A.
• Transfer Amount and Currency: The exact amount and currency in which the funds should be credited.
• Purpose of Payment: A brief description of the transaction's purpose, which may be required for regulatory compliance.

Verification and Best Practices

BANCO FIE S.A. periodically reviews and updates its SWIFT code to maintain compliance with evolving financial standards. To avoid complications, senders are advised to:

• Double-check the SWIFT code before initiating a transfer.
• Confirm the recipient's account details with the beneficiary.
• Plan transfers in advance to account for processing times, especially during weekends or holidays.

Conclusion

For anyone conducting international transactions with BANCO FIE S.A. in Bolivia, understanding and correctly using the SWIFT code BFIFBOLPXXX is indispensable. By ensuring the accuracy of banking details, senders can facilitate prompt and secure fund transfers, ultimately achieving their financial objectives with confidence.