Banco BISA SA SWIFT Code Eases International Transfers

This article provides a detailed interpretation of the SWIFT/BIC code for BANCO BISA S.A., emphasizing the importance of using the correct code in international remittances. It also includes relevant bank information and important considerations.
Banco BISA SA SWIFT Code Eases International Transfers

In today's globalized financial landscape, the speed and security of international money transfers are paramount. Ensuring seamless cross-border transactions requires a clear understanding of SWIFT/BIC codes, which serve as unique identifiers for financial institutions worldwide. This article provides a detailed breakdown of BANCO BISA S.A.'s SWIFT/BIC code to help safeguard your transactions.

What Is a SWIFT/BIC Code?

A SWIFT/BIC code consists of 8 to 11 alphanumeric characters that identify a specific bank and its branch. For example, BANCO BISA S.A.'s SWIFT/BIC code is BANIBOLXXXX , with each segment serving a distinct purpose:

  • Bank Code (BANI): The first four letters represent the bank—in this case, BANCO BISA S.A.
  • Country Code (BO): The next two characters indicate the bank's location (Bolivia).
  • Location Code (LX): These two characters specify the bank's headquarters.
  • Branch Code (XXX): The final three characters denote a specific branch. If "XXX" is used, it refers to the bank's main office.

For BANCO BISA S.A., the primary 8-digit code is BANIBOLX , while the full 11-digit code ( BANIBOLXXXX ) points to its headquarters.

Key Details for BANCO BISA S.A.

Below are essential details associated with the bank's SWIFT/BIC code:

  • Bank Name: BANCO BISA S.A.
  • Address: AVENIDA 16 DE JULIO 1628
  • City: LA PAZ

Ensuring a Smooth Transaction

To avoid delays or errors when sending international payments, verify the following:

  1. Confirm the Bank: Ensure the recipient bank's name matches the details provided in your transfer.
  2. Verify Branch Information: If using a branch-specific SWIFT code, confirm it aligns with the recipient's account.
  3. Check the Country: The SWIFT code's country designation must correspond to the recipient bank's actual location.

Using the correct SWIFT/BIC code enhances both the security and efficiency of cross-border transfers. Additionally, smaller banks like BANCO BISA S.A. often offer lower transaction fees compared to larger institutions, maximizing the value of your funds. By understanding and applying these principles, you can ensure a seamless and secure international banking experience.