When sending money internationally, ensuring the funds reach the intended bank is a top priority for every customer. The SWIFT/BIC code plays a critical role in this process, particularly when transferring funds to BANCO BISA S.A. in Bolivia. The correct SWIFT code for BANCO BISA S.A. is BANIBOLXXXX , and using it accurately helps prevent delays or errors during the transaction.
What Is a SWIFT Code?
A SWIFT code is an 8- to 11-character alphanumeric identifier used to pinpoint specific banks and their branches worldwide. Breaking down BANCO BISA S.A.'s SWIFT code ( BANIBOLXXXX ) reveals its structure:
- Bank Code (BANI) – The first four letters represent the bank, in this case, BANCO BISA S.A.
- Country Code (BO) – The next two letters indicate the country where the bank is located (Bolivia).
- Location Code (LX) – The following two letters denote the bank’s headquarters city.
- Branch Code (XXX) – The final three digits specify the branch. A code ending in "XXX" typically refers to the bank’s main office.
How to Verify a SWIFT Code
Since SWIFT codes are essential for cross-border transactions, verifying their accuracy is crucial. Here are some key steps to ensure the correct code is used:
- Double-Check the Bank Name – Confirm that the bank name matches the recipient’s financial institution.
- Verify the Branch – If using a branch-specific SWIFT code, ensure it corresponds to the recipient’s branch.
- Confirm the Country Code – Since banks may operate in multiple countries, ensure the SWIFT code aligns with the recipient’s location.
Using the correct SWIFT code is vital for seamless international money transfers. Before initiating a transaction, always verify the details to safeguard your funds and avoid unnecessary delays.