In today's interconnected financial world, cross-border transactions are increasingly common, making the correct use of SWIFT codes essential. For those conducting business with BANCO GANADERO S.A., a bank based in Bolivia, understanding its unique SWIFT/BIC code— GNDRBO22 GEB —is critical to ensuring smooth and secure international transfers.
The Importance of SWIFT Codes
A SWIFT code is more than just a combination of letters and numbers; it serves as a vital identifier that guarantees funds reach their intended destination safely and efficiently. Errors in entering this code can result in delayed or failed transactions, underscoring the need for accuracy.
For BANCO GANADERO S.A., the SWIFT code GNDRBO22 GEB breaks down as follows:
- GNDR – The bank code, uniquely identifying BANCO GANADERO S.A.
- BO – The country code, indicating Bolivia.
- 22 – A location or branch identifier, often used for transaction processing.
- GEB – An optional suffix that may specify a particular branch or department.
Key Details for International Transfers
BANCO GANADERO S.A. is headquartered in Santa Cruz de la Sierra, one of Bolivia's major economic and cultural hubs. When initiating an international transfer to this bank, ensure that the recipient’s full account details—including the SWIFT code—are verified beforehand. Additional information, such as the recipient’s account number and the bank’s physical address, may also be required to prevent processing errors.
How to Verify a SWIFT Code
Before completing an international transaction, take the following steps to confirm the accuracy of the SWIFT code:
- Consult the recipient’s bank: Contact BANCO GANADERO S.A. directly or request confirmation from the recipient.
- Check financial databases: Reputable financial websites and banking platforms often provide updated SWIFT code listings.
- Refer to SWIFT’s official resources: The Society for Worldwide Interbank Financial Telecommunication (SWIFT) maintains a global directory of valid codes.
Taking these precautions minimizes the risk of errors and ensures timely delivery of funds.
Conclusion
In international banking, precision is paramount. For transfers involving BANCO GANADERO S.A., always use the correct SWIFT code— GNDRBO22 GEB —alongside verified recipient details. Proper verification safeguards against delays and ensures seamless cross-border transactions.