Cross-border money transfers may seem straightforward, but they involve numerous critical details. Among these, the SWIFT/BIC code serves as the international banking "passport" - an error in this code can delay transactions or even cause complete transfer failure. For those dealing with Banco de Finanzas, S.A. (BDF) in Nicaragua, understanding its correct SWIFT code is essential for seamless transactions.
BDF Bank's Primary SWIFT Code: BBDFNIMAXXX
The main SWIFT/BIC code for Banco de Finanzas, S.A. (BDF) is BBDFNIMAXXX . This 11-character identifier contains crucial information about the bank, its country, location, and branch, serving as a unique fingerprint for international banking transactions. When initiating transfers to BDF, accuracy in entering this code ensures funds reach their intended destination without complications.
Decoding the SWIFT/BIC Structure
Understanding the components of BBDFNIMAXXX provides insight into international banking protocols:
- BBDF : Bank code identifying Banco de Finanzas, S.A.
- NI : Country code for Nicaragua
- MA : Location code for Managua
- XXX : Branch code (typically indicates the head office)
Multiple SWIFT Codes: When They Apply
While BBDFNIMAXXX serves as BDF's primary identifier, the bank may use different SWIFT codes for specific services or branches. Before initiating transfers:
- Confirm the exact SWIFT code with your recipient
- Contact BDF directly for clarification if needed
- When in doubt, the primary code typically routes transactions appropriately through BDF's central processing system
Appropriate Uses for the Primary SWIFT Code
The main SWIFT code BBDFNIMAXXX applies in these common scenarios:
- International transfers to BDF accounts in Nicaragua
- Situations where recipients cannot provide branch-specific codes
- Transactions processed through BDF's central operations
- When requiring a widely recognized default identifier
Verifying SWIFT Code Information
Additional methods to confirm BDF's banking codes include:
- Direct communication with your recipient
- Reviewing BDF's official website (if information is published)
- Consulting reliable online SWIFT code databases
- Requesting assistance from your own bank's international department
Essential Transfer Details
Complete international transfers require these additional elements alongside the SWIFT code:
- Recipient name : Must match bank records exactly
- Account number : Verify accuracy with the recipient
- Recipient address : Some institutions require this
- Transfer amount and currency : Clearly specified
- Transaction purpose : Often mandatory for compliance
Transfer Example: Sending Funds to BDF
Consider sending $1,000 from the U.S. to a BDF account holder in Nicaragua:
- Bank Name : Banco de Finanzas, S.A. (BDF)
- SWIFT Code : BBDFNIMAXXX
- Recipient : Ana Rodriguez
- Account Number : 1234567890
- Recipient Location : Managua, Nicaragua
- Transfer Amount : $1,000 USD
- Purpose : Gift
Note that specific bank forms may vary in layout while requiring the same fundamental information.
Important Considerations
International transfers carry inherent factors requiring attention:
- Code accuracy : Errors cause delays or failed transactions
- Bank fees : Vary significantly between institutions
- Exchange rates : Fluctuations affect final received amounts
- Security : Verify recipient details to prevent fraud
Bank Location Information
Banco de Finanzas, S.A. operates from:
Centro Corporativo BDF, Floor 4, Del Club Terraza 440 metros al este, Pista Jean Paul Genie, Managua, Nicaragua
Understanding and correctly applying BDF's SWIFT code BBDFNIMAXXX forms the foundation for successful international money transfers. Careful verification of all transaction details minimizes potential issues, ensuring efficient cross-border financial operations.