Have you ever faced difficulties finding the correct bank code when making an international transfer? In cross-border financial transactions, the SWIFT/BIC code serves as an invisible bridge, ensuring funds reach their destination safely and efficiently. Today, we focus on BANCO NACIONAL DE BOLIVIA to provide a clear understanding of its SWIFT/BIC code details.
Understanding SWIFT/BIC Codes
A SWIFT/BIC code consists of 8 to 11 characters and uniquely identifies banks and their specific branches worldwide. For BANCO NACIONAL DE BOLIVIA, the code structure is as follows:
- Bank Code (BNBO): Represents BANCO NACIONAL DE BOLIVIA.
- Country Code (BO): Indicates the bank is located in Bolivia.
- Location Code (LX): Specifies the bank's headquarters location.
- Branch Code (TES): Identifies the specific branch, typically represented by a three-letter code.
Note that when a SWIFT code ends with "XXX," it refers to the bank's headquarters.
For the code BNBOBOLXTES , the details are:
- SWIFT Code: BNBOBOLXTES
- Bank Name: BANCO NACIONAL DE BOLIVIA
- Address: AV. CAMACHO 1296, LA PAZ
Key Considerations for International Transfers
Accuracy in providing the SWIFT code is critical to avoid delays or complications. Keep these points in mind:
- Verify the Bank Name: Ensure the recipient bank's name matches exactly.
- Confirm Branch Details: If using a branch-specific SWIFT code, cross-check it with the recipient's branch.
- Check Country Alignment: Confirm that the SWIFT code corresponds to the correct destination country.
By meticulously reviewing these details, you can safeguard your funds and ensure a smooth cross-border transaction. Before initiating a transfer, always double-check the SWIFT/BIC code for peace of mind.