Guide to Novo Bancos SWIFT Code for Secure Transfers

Published: 09/03/2025
SWIFT Code Cross-border Transfer Bank Code
This article provides a detailed analysis of NOVO BANCO, SA's SWIFT/BIC code, BESCPTPLISA, and offers a practical guide for cross-border transfers. It emphasizes the importance of verifying the bank name, branch name, and country information to help readers avoid transfer errors and delays, ensuring funds arrive at their destination safely and efficiently. The guide aims to streamline the international money transfer process by highlighting key verification steps and potential pitfalls to avoid.
Guide to Novo Bancos SWIFT Code for Secure Transfers

Imagine a cross-border payment stuck in the vast financial network due to a minor SWIFT code error—delaying critical transactions and potentially incurring extra fees. To prevent such scenarios, accurately understanding and using SWIFT/BIC codes is essential. This article uses NOVO BANCO, SA as an example to break down its SWIFT/BIC code ( BESCPTPLISA ) and provides a practical guide for international transfers.

What Is a SWIFT/BIC Code?

A SWIFT/BIC code, short for Society for Worldwide Interbank Financial Telecommunication/Bank Identifier Code, serves as a "passport" for international bank transfers. Comprising 8 to 11 alphanumeric characters, it uniquely identifies banks and their branches worldwide. For NOVO BANCO, SA, the code BESCPTPLISA reveals the following details:

  • Bank Code (BESC): The first four letters ("BESC") represent NOVO BANCO, SA.
  • Country Code (PT): The next two letters ("PT") indicate Portugal, the bank’s home country.
  • Location Code (PL): The following two letters ("PL") typically denote the bank’s headquarters.
  • Branch Code (ISA): The last three characters ("ISA") specify a particular branch. If the code ends with "XXX," it usually refers to the bank’s main office.

Key Verification Steps for Smooth Transfers

When initiating an international transfer, ensure the SWIFT code matches the recipient’s bank precisely. Follow these steps to avoid errors and delays:

  • Verify the Bank Name: Cross-check the bank name against the recipient’s details. Even a slight discrepancy can cause the transfer to fail.
  • Confirm the Branch: If using a branch-specific SWIFT code, ensure it aligns with the recipient’s account branch. Different branches may have distinct codes.
  • Check the Country: Banks operate globally, so confirm the SWIFT code corresponds to the correct country to prevent misdirected funds.

For added security, double-check the SWIFT code with the recipient or the bank before proceeding. Many banks offer online tools or customer support to validate SWIFT codes.

Final Considerations

An accurate SWIFT/BIC code is crucial for successful cross-border payments. By meticulously verifying the bank name, branch, and country, you minimize the risk of delays or complications. When transferring funds, diligence and attention to detail are always the best strategies.

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