Imagine sending funds across oceans to a Banco BISA account in Bolivia with perfect precision. This financial feat relies on SWIFT codes—the international banking system's identification cards that ensure secure and efficient cross-border transactions. This article provides a comprehensive breakdown of Banco BISA's SWIFT code and essential guidance for international money transfers.
Banco BISA's SWIFT/BIC Code: BANIBOLXXXX
The primary SWIFT/BIC code for Banco BISA S.A. is BANIBOLXXXX . SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes, also called BICs (Bank Identifier Codes), serve as standardized identifiers for financial institutions worldwide. When initiating international transfers, providing the recipient bank's accurate SWIFT code is crucial for successful fund delivery.
Anatomy of a SWIFT Code
The BANIBOLXXXX SWIFT code contains these components:
- BANI: Bank code representing Banco BISA S.A.
- BO: Country code for Bolivia
- LX: Location code for La Paz
- XX: Branch code (XX indicates no specific branch)
Important Considerations for Branch SWIFT Codes
While BANIBOLXXXX serves as Banco BISA's primary SWIFT code, the bank may use different codes for specific branches or services. Always verify the exact SWIFT code with the recipient or Banco BISA directly before initiating transfers. Using incorrect codes may cause delays, returned payments, or additional fees.
Key Banco BISA Information
- Bank Name: BANCO BISA S.A.
- SWIFT Code: BANIBOLXXXX
- Address: AVENIDA 16 DE JULIO 1628, EDIFICIO BISA, LA PAZ, BOLIVIA, PLURINATIONAL STATE OF
- City: LA PAZ
- Country: BOLIVIA, PLURINATIONAL STATE OF
When to Use the Primary SWIFT Code
Use BANIBOLXXXX in these scenarios:
- Sending international transfers to Banco BISA in Bolivia
- When the recipient hasn't provided a branch-specific SWIFT code
- If Banco BISA processes all international payments through its main office
- When using the bank's widely recognized default SWIFT code
Critical Reminders for International Transfers
Beyond the SWIFT code, ensure these details are accurate:
- Recipient name and account number: Must match bank records exactly
- Transfer amount and currency: Verify amounts and note potential conversion fees
- Payment reference: Include brief notes like payment purpose or invoice numbers when needed
- Transfer fees: Understand applicable charges from both sending and receiving banks
Preventing SWIFT Transfer Errors
Always double-check these elements before submission:
- SWIFT code matches the recipient's bank
- Account number is correct
- Recipient name aligns with bank records
Minor errors can cause significant delays. If mistakes occur, contact your bank immediately.
Receiving International Payments at Banco BISA
To receive international payments to your Banco BISA account, provide senders with:
- Your full name and address (matching bank records)
- Your complete Banco BISA account number
- The bank's SWIFT code (BANIBOLXXXX or branch-specific code)
- Banco BISA's official name and address
Alternative Cross-Border Payment Methods
Beyond traditional SWIFT transfers, consider these options:
- Online money transfer platforms: Often provide competitive exchange rates and lower fees
- International money orders: Physical payment instruments cashable at local banks
- Cryptocurrencies: Digital assets enabling borderless transfers (with volatility risks)
Selecting the Optimal Transfer Method
Choose based on these factors:
- Transfer amount: Smaller amounts may benefit from online platforms
- Speed requirements: Select services matching your urgency
- Cost considerations: Compare fees across available options
- Security: Prioritize regulated, reputable services
Understanding Banco BISA's SWIFT code and international transfer protocols ensures smooth cross-border transactions. Meticulous verification of all details and careful selection of transfer methods will help guarantee your funds reach their destination securely and efficiently.