Are you planning to transfer funds internationally to BCN (Banco Caboverdiano de Negocios SA) in Cape Verde? Navigating the complexities of SWIFT/BIC codes can be confusing. This guide provides all the essential information to help you complete your cross-border transfer smoothly and avoid unnecessary delays or errors.
BCN's SWIFT/BIC Code: Key Information
The primary SWIFT/BIC code used by BCN (Banco Caboverdiano de Negocios SA) for international transfers is:
CANBCVCVXXX
This code serves as BCN's unique identifier in the global banking network, ensuring your funds reach the intended destination accurately. Always provide this code to the sender to ensure correct transfer details.
When to Use CANBCVCVXXX
You can safely use BCN's primary SWIFT/BIC code (CANBCVCVXXX) in the following situations:
- Sending money to any BCN account in Cape Verde: Regardless of the recipient's location within Cape Verde, as long as BCN is the receiving bank, this code applies.
- When no specific branch code is provided: If the recipient only supplied BCN's name and account number without a branch-specific SWIFT/BIC code, CANBCVCVXXX is the appropriate choice.
- BCN processes payments through its headquarters: Many banks centralize international payments through their main office. In such cases, using the head office SWIFT/BIC code (CANBCVCVXXX) suffices.
- When you need a widely accepted default code: CANBCVCVXXX is BCN's official SWIFT/BIC code, recognized by financial institutions worldwide.
Branch Codes: Additional Options
While CANBCVCVXXX is BCN's primary SWIFT/BIC code, the bank might use different codes for specific branches or services. To ensure absolute accuracy:
- Confirm with the recipient: Before initiating the transfer, verify the SWIFT/BIC code with the recipient. They might know a branch-specific code that could expedite the transaction.
- Contact BCN directly: If you have any doubts about the correct SWIFT/BIC code, reach out to BCN's customer service for clarification.
Finding BCN Branch Information
While this guide focuses on BCN's primary SWIFT/BIC code, knowing how to locate branch information can be helpful:
- Visit BCN's official website: The bank's website typically lists all branch locations in Cape Verde, including addresses and contact details.
- Consult online banking directories: Various online resources provide comprehensive listings of bank branches worldwide, including BCN's locations in Cape Verde.
Avoiding Common Mistakes
When making international transfers, pay attention to these details to prevent errors:
- Double-check the SWIFT/BIC code: Ensure the code matches exactly what the recipient provided. Even minor discrepancies can cause delays or failed transfers.
- Verify recipient details: Confirm the recipient's name and account number are accurate.
- Understand transfer fees: Different banks and money transfer services charge varying fees. Research these costs beforehand.
- Keep transaction records: Save all transfer documentation for future reference or dispute resolution.
Summary: Secure and Efficient Transfers to BCN
By understanding BCN's SWIFT/BIC code and related considerations, you can execute international transfers to BCN accounts in Cape Verde with confidence. Remember that CANBCVCVXXX serves as the primary code, but verification with the recipient or bank ensures optimal results.
BCN - Banco Caboverdiano de Negocios SA: Overview
- Bank Name: BCN - Banco Caboverdiano de Negocios SA
- SWIFT Code: CANBCVCVXXX
- Address: Avenida Amilcar Cabral 97
- City: Praia
- Country: Cape Verde