Guide to SWIFT Transfers for Bolivias Banco FIE

This article provides a detailed explanation of Banco FIE Bolivia's SWIFT code (BFIFBOLPXXX) and its use cases. It emphasizes the importance of verifying the branch code and beneficiary information to avoid errors during international money transfers. Furthermore, it offers guidance on how to handle remittance errors and outlines the necessary information for receiving international transfers. The aim is to help readers navigate the complexities of international money transfers, prevent common issues, and ensure the security of their funds when dealing with Banco FIE in Bolivia.

Imagine saving diligently to send money to loved ones in Bolivia, only to have the transfer delayed or returned due to an incorrect SWIFT code. This comprehensive guide explains Banco FIE's SWIFT code to help you navigate international transfers smoothly.

Understanding SWIFT Codes: The Global Banking Identifier

SWIFT codes, also known as BIC (Bank Identifier Codes), serve as unique international identifiers for financial institutions. These standardized codes, administered by the Society for Worldwide Interbank Financial Telecommunication, ensure accurate routing of cross-border payments. An incorrect code may cause delays, failed transactions, or additional fees.

Banco FIE's Primary SWIFT Code: BFIFBOLPXXX

Banco FIE's principal SWIFT code is BFIFBOLPXXX , functioning as the institution's global identifier. Key details include:

Bank Name: BANCO FIE S.A.
SWIFT Code: BFIFBOLPXXX
Address: AV. 6 DE AGOSTO ESQ. GOZALVEZ 2652, ZONA SOPOCACHI
City: LA PAZ
Country: BOLIVIA, PLURINATIONAL STATE OF

When to Use the Generic SWIFT Code

The BFIFBOLPXXX code applies in these common scenarios:

International transfers to Banco FIE accounts in Bolivia
Transactions where the recipient hasn't provided a specific branch code
Payments processed through Banco FIE's central operations
When using the institution's officially recognized identifier

Important Considerations for Branch-Specific Codes

While BFIFBOLPXXX serves as the primary identifier, some Banco FIE branches may use unique codes. To ensure accuracy:

Confirm the exact SWIFT code with the recipient
Contact Banco FIE directly if branch information is unclear

Essential Verification Steps Before Transferring

Implement these precautions to prevent transfer issues:

Verify the SWIFT code matches the recipient's bank information exactly
Double-check account details and recipient names
Understand all applicable transfer fees
Pay special attention to character distinctions (e.g., 0 vs. O, 1 vs. l)

Correcting Transfer Errors

If you provide incorrect transfer information:

Contact your financial institution immediately
Provide documentation to support correction requests
Cooperate fully with any investigation process

Receiving International Payments

To receive funds from abroad, provide senders with:

Your complete name (matching bank records)
Exact Banco FIE account number
Correct SWIFT code (generic or branch-specific)
Bank name and address information

International banking transactions require meticulous attention to detail. Proper verification of all transfer information helps ensure successful transactions and prevents unnecessary complications.