In today's globalized financial landscape, cross-border remittances have become an essential part of personal and business transactions. However, navigating international banking procedures, particularly when transferring funds to foreign banks, can often be daunting. One critical element in this process is the correct use of SWIFT/BIC codes, which ensure seamless and accurate transactions.
BANCO GANADERO S.A.'s SWIFT/BIC Code
The SWIFT/BIC code for BANCO GANADERO S.A. is GNDRBO22GEB . When initiating an international transfer to this bank, using this exact code is imperative to guarantee that funds reach the intended destination without delays or errors. SWIFT/BIC codes serve as unique identifiers for financial institutions in international transactions, consisting of 8 to 11 characters that precisely specify the bank and its branch.
Breaking down the code:
- GNDRBO22 identifies BANCO GANADERO S.A.
- GEB is the branch code, referring to the bank's location on Andrés Ibáñez Street in Santa Cruz de la Sierra, Bolivia.
Key Details for International Transfers
To ensure a smooth transaction, verify the following details when sending funds to BANCO GANADERO S.A.:
- Bank Name: BANCO GANADERO S.A.
- City: Santa Cruz de la Sierra
- Address: Andrés Ibáñez Street, Santa Cruz de la Sierra
- Country: Bolivia
Why Accuracy Matters
Incorrect SWIFT/BIC codes can lead to processing delays, additional fees, or even failed transactions. For businesses, such errors may disrupt critical financial operations. Therefore, double-checking the SWIFT/BIC code and recipient details before confirming a transfer is strongly advised.
Additionally, contacting the recipient bank via email or phone to confirm any supplementary requirements—such as intermediary bank details or account-specific instructions—can further streamline the process. This step is particularly recommended for high-value or time-sensitive transactions.
Final Considerations
Understanding the SWIFT/BIC code system and the specifics of BANCO GANADERO S.A.'s identifier ( GNDRBO22GEB ) empowers individuals and businesses to conduct international transfers with confidence. By ensuring accuracy and verifying all transaction details beforehand, users can minimize risks and facilitate efficient cross-border payments.