BFI Bank Cape Verde Simplifies SWIFT Transfers for Global Clients

This article provides a detailed analysis of BFI Bank (Cape Verde)'s SWIFT code, BFIICVCVXXX, explaining its application scenarios and emphasizing the importance of verifying information before remittance. It also offers essential information for receiving international remittances, branch details (for reference only), frequently asked questions, remittance method selection, and security tips. The aim is to assist users in conducting international remittances safely and efficiently. Confirming details like the correct SWIFT code and account number is crucial to avoid delays or complications.

Imagine waiting anxiously for a crucial overseas payment that's delayed due to an incorrect SWIFT code. For businesses and individuals conducting transactions with Cape Verde, knowing BFI Bank's correct SWIFT code is essential. This guide provides comprehensive information about BFI Bank's SWIFT code to facilitate seamless international transfers.

1. Key Information About BFI Bank's SWIFT Code

BFI Bank, S.A. (BFI BANK, S.A.) in Cape Verde uses the primary SWIFT/BIC code: BFIICVCVXXX . This code serves as the bank's international identifier, playing a critical role in global financial transactions. It enables banks worldwide to accurately route payments to BFI Bank, ensuring secure and efficient fund transfers.

2. When to Use BFIICVCVXXX

The primary SWIFT code BFIICVCVXXX should be used in the following scenarios:

Initiating international transfers to BFI Bank accounts in Cape Verde
When the recipient hasn't provided a specific branch SWIFT code
For transactions processed through BFI Bank's centralized payment system
When a widely recognized default SWIFT code is required

3. Verification Recommendations

While BFIICVCVXXX serves as the primary SWIFT code, we strongly recommend these verification steps before initiating transfers:

Confirm the SWIFT code directly with the recipient
Contact BFI Bank for transaction-specific guidance if uncertain

4. Receiving International Payments

To receive international payments into a BFI Bank account, provide the sender with:

SWIFT/BIC code: BFIICVCVXXX (or specific branch code if available)
Correct BFI Bank account number
Additional bank details as required by the sending institution

5. BFI Bank Branch Information

BFI Bank operates multiple branches in Cape Verde. The main branch is located at:

AVENIDA SAO VICENTE 3, PALMAREJO, PRAIA, CABO VERDE

For the most current branch information, consult BFI Bank directly.

6. Common International Transfer Questions

Rejected transfers: Typically caused by incorrect SWIFT codes, account numbers, or recipient name mismatches
Processing time: Generally takes 1-5 business days depending on multiple factors
Transaction fees: Vary based on amount, currency, and involved financial institutions

7. Alternative Transfer Methods

Beyond traditional bank wire transfers, various digital platforms now offer international payment services, often with faster processing times and lower fees compared to conventional banking channels.

8. Security Considerations

Exercise caution when processing international payments to prevent financial fraud. Never share sensitive banking details with unverified parties or respond to unsolicited payment requests.