An international money transfer may appear as a simple transaction, but behind the scenes lies a complex system of banking codes. When sending funds to Peru's Interbank (Banco Internacional del Perú), knowing the correct SWIFT code is essential to ensure the money reaches its intended recipient without complications.
Interbank: A Key Financial Institution in Peru
Interbank, officially known as Banco Internacional del Perú, stands as one of Peru's leading commercial banks, offering comprehensive financial services to both individuals and businesses. For international transfers, the SWIFT code (also called BIC code) serves as the bank's unique identifier in the global financial network, functioning much like an international passport for financial institutions.
The Primary SWIFT Code for Interbank
The main SWIFT code for Interbank's headquarters is BINPPEPLXXX . This code typically suffices for most international transfers when:
- The recipient hasn't provided a specific branch SWIFT code
- The transfer is being processed through Interbank's main office
- There's uncertainty about which branch code to use
This primary code corresponds to Interbank's headquarters located at AV. CARLOS VILLARAN 140 in the La Victoria district of Lima.
When to Use Specific Branch Codes
While the headquarters code works for general transfers, certain situations may require using more specific branch codes:
- The recipient provides a particular branch SWIFT code
- The transaction involves specialized banking services like trade financing
- The transfer amount exceeds certain thresholds
Locating the Correct SWIFT Code
To find the appropriate SWIFT code for an Interbank branch:
- Contact Interbank's customer service directly
- Request the exact code from the recipient's branch
- Verify any code found through online tools with the bank
Potential Issues with Incorrect Codes
Using an inaccurate SWIFT code can lead to several complications:
- Delayed transaction processing
- Additional fees for correction procedures
- Complete transfer failure in some cases
- Increased security risks during the transfer process
Additional Considerations for International Transfers
Beyond the SWIFT code, successful international transfers to Interbank require attention to:
- Exact recipient name and account number
- Currency compatibility between sender and recipient accounts
- Proper documentation of transfer purpose
- Understanding of applicable fees and transfer limits
Proper verification of all transfer details, particularly the SWIFT code, remains crucial for ensuring smooth international transactions to Peruvian accounts. When in doubt, direct consultation with banking professionals provides the most reliable guidance.