An international wire transfer may seem straightforward, but it involves navigating a complex system of banking codes. When sending money to Galicia MAS Bank in Argentina, have you ever found yourself puzzled by the intricacies of SWIFT/BIC codes? This article provides a comprehensive breakdown of Galicia MAS Bank's SWIFT code to help you complete cross-border transactions smoothly.
Galicia MAS Bank and Its SWIFT Code
Galicia MAS Bank (officially Banco de Galicia y Buenos Aires S.A.U.) is one of Argentina's leading financial institutions, offering a wide range of banking services. In international transfers, the SWIFT/BIC code plays a crucial role—it serves as the bank's international identifier, ensuring funds reach the correct destination.
The primary SWIFT/BIC code for Galicia MAS Bank is BACOARBAXXX . This code is suitable for general international transfers, particularly when the recipient hasn't provided a specific branch code or when payments are processed through the bank's main office. If you need a widely accepted default code, BACOARBAXXX is the appropriate choice.
Breaking Down the SWIFT Code
SWIFT/BIC codes consist of 8 to 11 characters, each conveying specific information:
- First 4 characters (BACO): Bank code, identifying Galicia MAS Bank.
- Next 2 characters (AR): Country code, representing Argentina.
- Following 2 characters (BA): Location code, indicating Buenos Aires.
- Last 3 characters (XXX): Branch code, with XXX denoting the main office.
When to Use the Primary SWIFT Code vs. a Branch Code
In most cases, using BACOARBAXXX will suffice for successful transfers. However, Galicia MAS Bank may employ different SWIFT/BIC codes for specific branches or services. To ensure accuracy, verify the recipient's exact branch code before initiating a transfer. If the recipient cannot provide this information or if you're uncertain, the primary code BACOARBAXXX is generally reliable.
Key Considerations for Wire Transfers
When processing a SWIFT transfer, double-check the following details:
- SWIFT code: Confirm it matches the recipient's bank exactly.
- Account number: Enter the recipient's account number precisely to avoid errors.
- Recipient name: Ensure it aligns with the bank's records.
Even minor discrepancies can cause delays or failed transactions. If you spot an error after sending funds, contact your bank immediately to rectify the issue.
Receiving International Transfers
To receive international wires into your Galicia MAS Bank account, provide the sender with:
- SWIFT/BIC code: BACOARBAXXX or the specific branch code.
- Account number: Your complete account details.
- Bank name: Galicia MAS (Banco de Galicia y Buenos Aires S.A.U.)
- Bank address: FLORIDA 201, BUENOS AIRES, ARGENTINA
Accurate banking information is essential to prevent unnecessary processing delays.
Final Thoughts
Using the correct SWIFT code is fundamental to successful international transfers. With this detailed guide, you now have a clearer understanding of Galicia MAS Bank's SWIFT code system. Always verify transaction details before submission, and consult your bank or recipient if questions arise to ensure secure and efficient fund delivery.