Galicia MAS Bank Simplifies SWIFT Codes for International Transfers

This article provides a detailed explanation of Banco Galicia MAS's (Argentina) SWIFT/BIC code (BACOARBAXXX) and offers a comprehensive guide to cross-border transfers. It emphasizes the importance of verifying recipient information and how to correctly use the SWIFT code in various scenarios. The aim is to help users conduct international remittances safely and efficiently. The guide covers key aspects of international money transfers involving Argentinian banks and the proper use of SWIFT codes for accurate and secure transactions.

Imagine preparing to send money to a friend in Argentina, only to find yourself lost in a maze of complex banking codes. SWIFT/BIC codes act as a bank’s "international ID," essential for cross-border transfers. This article focuses on the SWIFT code for Argentina’s Galicia MAS Bank, providing clear and practical guidance to avoid delays or failed transactions due to incorrect information.

Galicia MAS Bank’s SWIFT/BIC Code: Key Details

The primary SWIFT/BIC code for Galicia MAS Bank is BACOARBAXXX . This code is the foundation for international transfers, ensuring your funds are routed correctly to the bank. However, it’s important to note that Galicia MAS Bank may use different SWIFT/BIC codes for specific services or branches. Always confirm the correct code with the recipient or the bank directly before initiating a transfer to prevent complications.

Bank Name: GALICIA MAS
SWIFT Code: BACOARBAXXX
Address: FLORIDA 201
City: BUENOS AIRES
Country: ARGENTINA

When to Use the Primary SWIFT/BIC Code BACOARBAXXX

You can safely use Galicia MAS Bank’s primary SWIFT/BIC code, BACOARBAXXX , in the following scenarios:

Sending an international transfer to Galicia MAS Bank in Argentina: This is the most common use case, ensuring your funds reach the correct bank.
The recipient hasn’t provided a branch-specific SWIFT/BIC code: If only the bank name and account number are available, you may use the primary code. However, confirmation is recommended.
Galicia MAS Bank processes payments centrally through its headquarters: Some banks handle all international payments at their main office, making the primary code sufficient.
A universally accepted standard SWIFT/BIC code is required: Certain online payment platforms or remittance services may request a SWIFT/BIC code, in which case the primary code can be used.

Local Branches and SWIFT Codes

Galicia MAS Bank operates numerous local branches across Argentina. While the primary SWIFT/BIC code BACOARBAXXX usually applies, some branches may have their own unique codes. To ensure accuracy and efficiency, verify the specific SWIFT/BIC code of the recipient’s branch. If the recipient is unsure, contact Galicia MAS Bank’s customer service for clarification.

Pre-Transfer Checklist: Avoiding Errors and Ensuring Security

Before initiating a SWIFT transfer, double-check the following details to prevent delays or financial losses:

Match the SWIFT code with the recipient bank: Ensure the code corresponds exactly to the bank’s name and address.
Verify the recipient’s account number and name: Even with the correct SWIFT code, errors in the account number or name can cause the transfer to fail.

Minor mistakes can lead to delays or even interception by the bank. Always review all information carefully before confirming the transfer.

What If the Transfer Details Are Incorrect?

If you discover an error after sending the transfer, contact your bank immediately. They may attempt to cancel or amend the transaction. Be aware that additional fees may apply, and success is not guaranteed. The best approach is to verify all details beforehand.

How to Receive International Transfers in Your Galicia MAS Bank Account

To receive funds from abroad into your Galicia MAS Bank account, provide the sender with the following details:

Your full name: This must match the name registered with the bank.
Your Galicia MAS Bank account number: Include the full account number, including any bank codes.
Galicia MAS Bank’s SWIFT/BIC code: BACOARBAXXX (or the branch-specific code, if applicable).
Your address: This should match the address on file with the bank.
Galicia MAS Bank’s address: FLORIDA 201, BUENOS AIRES, ARGENTINA.

Accurate information ensures smooth processing. Encourage the sender to verify all details to avoid delays.

Frequently Asked Questions About Cross-Border Transfers

Is there a difference between SWIFT and BIC codes? No, they are the same. SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the organization, while BIC (Bank Identifier Code) is the code assigned by SWIFT to banks.
How long does a transfer take? International transfers typically take 1–5 business days, depending on the banks involved and intermediary processing times.
What fees apply? Fees may include transaction charges, intermediary bank fees, and recipient bank fees. These vary by bank and transfer amount.
What if the transfer is returned? Your bank will notify you if the transfer fails. You may resend it with corrected details after identifying the issue.

Conclusion

While cross-border transfers may seem daunting, having the correct SWIFT code and relevant information simplifies the process. This guide outlines the SWIFT code for Argentina’s Galicia MAS Bank and offers practical advice for seamless international transactions. Always verify details with the recipient or bank to avoid complications, and choose reputable banking or remittance services for added security.