Imagine an important international wire transfer delayed or even at risk of being returned due to an incorrect SWIFT code. For those needing to send funds to Mexico's Casa de Bolsa Banorte, S.A. de C.V., Grupo Financiero Banorte (hereafter Casa de Bolsa Banorte), knowing the correct SWIFT code is crucial. This comprehensive guide will ensure your funds reach their destination safely and efficiently.
The Essential Code: BAOTMXM1XXX — Your Wire Transfer Passport
The primary SWIFT/BIC code for Casa de Bolsa Banorte is BAOTMXM1XXX . This code serves as a key to international payment systems, ensuring your transfer instructions reach Casa de Bolsa Banorte accurately. From any location worldwide, this code enables international transfers to the institution.
Branch-Specific Codes: When They Might Be Necessary
Casa de Bolsa Banorte may use different SWIFT/BIC codes for specific branches or services. While BAOTMXM1XXX typically suffices for most transactions, certain situations might require branch-specific codes. We recommend verifying with the recipient or Casa de Bolsa Banorte before initiating transfers for absolute certainty.
When to Use BAOTMXM1XXX: Three Common Scenarios
Understanding when to use the primary SWIFT code simplifies international banking:
- International transfers to Casa de Bolsa Banorte: This is the standard code for cross-border payments.
- Recipient hasn't provided branch-specific code: When no alternative code is given, BAOTMXM1XXX serves as the default.
- Centralized payment processing: When Casa de Bolsa Banorte handles payments through its main office.
Code Details: Additional Information for Secure Transfers
For reference when completing transfer forms:
- Bank Name: CASA DE BOLSA BANORTE, S.A. DE C.V., GRUPO FINANCIERO BANORTE
- SWIFT Code: BAOTMXM1XXX
- Bank Address: PERIFERICO SUR 4355, DE LA MONTANA
- City: CIUDAD DE MEXICO (Mexico City)
- Country: MEXICO
Avoiding Errors: Best Practices for SWIFT Code Usage
Incorrect SWIFT codes remain a leading cause of transfer delays. Follow these precautions:
- Verify every character when entering the SWIFT code
- Confirm the code with the recipient before transferring
- Use established financial platforms with verification systems
- Maintain consistent capitalization with the bank's official format
Frequently Asked Questions
What happens with incorrect SWIFT codes?
Transfers may be delayed, returned, or fail entirely. Verification prevents these issues.
Where to find branch-specific SWIFT codes?
Consult Casa de Bolsa Banorte's official resources or customer service.
Is BAOTMXM1XXX safe for transfers?
Yes, this is the institution's primary SWIFT code. Always protect personal financial information.