When sending money internationally, ensuring secure and efficient transactions is paramount. For those considering transfers to or from Bolivia, understanding the SWIFT code system—particularly for institutions like BANCO FIE S.A.—can streamline the process.
BANCO FIE S.A.: Key Details for International Transfers
Headquartered at AV. 6 DE AGOSTO ESQ. GOZALVEZ 2652, ZONA SOPOCACHI, LA PAZ, PEDRO DOMINGO MURILLO, BANCO FIE S.A. is a prominent financial institution in Bolivia. Its SWIFT/BIC code, BFIFBOLPXXX , contains essential routing information to facilitate cross-border payments. This standardized identifier ensures funds reach their intended destination accurately.
Understanding Exchange Rates and Transfer Efficiency
For transfers involving currency conversion—such as sending $10,000 USD to France—recipients typically receive approximately €8,485, depending on prevailing exchange rates and fees. The SWIFT network enables such transactions to be processed within standard banking timelines, usually 1-3 business days.
Best Practices for International Transfers
- Verify SWIFT codes directly with the recipient bank before initiating transfers
- Confirm intermediary bank requirements , if applicable, for certain corridors
- Review transfer limits and compliance regulations for both sending and receiving countries
Financial institutions like BANCO FIE S.A. provide structured pathways for international money movement, combining security protocols with global banking infrastructure. While no system is completely immune to delays—often caused by regulatory checks or incorrect beneficiary details—using verified banking codes significantly reduces processing errors.