When sending money internationally, providing accurate banking information is crucial. For those transferring funds to friends or family in Brazil, knowing the recipient bank's SWIFT code ensures the money arrives accurately and securely. These codes have become an indispensable component of modern financial transactions worldwide.
The SWIFT code for BANCO UNION S.A. is BAUNBO22CBB. This unique identifier facilitates international money transfers by precisely directing funds to the intended account. The code's structure contains four distinct elements: "BAUN" represents the bank name, "BO" identifies Bolivia as the country, "22" specifies the branch location, and "CBB" denotes the particular banking division. This precise coding system is vital for maintaining reliability and security in cross-border transactions.
BANCO UNION S.A. operates from Cochabamba, Bolivia, with its headquarters located at CALLE SUCRE E-0348, EDIFICIO CAMARA DE COMERCIO, COCHABAMBA, CERCADO. This physical address provides additional verification for senders seeking to ensure their transactions reach the correct destination.
The SWIFT network significantly reduces potential errors in international money transfers by enabling banks to identify and process global transactions efficiently. This standardized system enhances both the speed and security of financial operations. For financial institutions, this methodical approach minimizes mistakes and ensures successful transaction completion.
SWIFT codes have become the global standard for international banking, benefiting both individual users and multinational corporations. Businesses particularly benefit from this system, as accurate SWIFT information allows for rapid movement of capital across borders, facilitating smoother international trade operations.
Understanding BANCO UNION S.A.'s SWIFT code (BAUNBO22CBB) represents more than just the first step in securing a transaction—it demonstrates comprehension of international banking fundamentals. Whether sending personal remittances or conducting corporate transfers, proper knowledge of banking terminology and codes helps avoid complications and ensures successful transactions. In today's interconnected financial landscape, accurate banking information remains essential for all global transactions.