In the modern financial system, the security and efficiency of international transfers are paramount. To successfully complete cross-border transactions, understanding the use of SWIFT/BIC codes is essential. The code BNBOBOLXTES, for instance, plays a critical role in facilitating transactions with Banco Nacional de Bolivia.
BNBOBOLXTES is the SWIFT code (also known as the Bank Identifier Code or BIC) for Banco Nacional de Bolivia. Each segment of the code carries specific meaning: "BNBO" identifies the bank, "BO" represents Bolivia as the country code, "LX" denotes the location, and "TES" specifies a particular branch. This detailed structure ensures funds are routed accurately and efficiently to the intended bank and branch.
Banco Nacional de Bolivia is headquartered in La Paz, with its official address at AV. CAMACHO 1296, LA PAZ, PEDRO DOMINGO MURILLO. When initiating an international wire transfer, using the correct SWIFT code—BNBOBOLXTES—guarantees that funds reach the bank without errors.
International transfers often involve multiple banks and associated fees, making the correct use of SWIFT codes a vital step in minimizing errors and ensuring transaction security. SWIFT codes consist of 8 to 11 alphanumeric characters, enabling precise identification of banks and branches within the global financial network. These codes are periodically reviewed and updated to maintain their validity.
When transferring funds using BNBOBOLXTES, it is crucial to verify all details to avoid delays or mistakes in cross-border transactions.
In summary, BNBOBOLXTES serves as Banco Nacional de Bolivia's SWIFT code, ensuring secure and accurate international transfers. Familiarity with this information enhances the efficiency and safety of financial transactions.