SWIFT Code BAMIBOL1 — BANCO MINERO DE BOLIVIA, LA PAZ

About SWIFT Code BAMIBOL1 — BANCO MINERO DE BOLIVIA, LA PAZ

SWIFT code BAMIBOL1 is the official 8-character head-office BIC (Bank Identifier Code) for BANCO MINERO DE BOLIVIA in LA PAZ, Bolivia. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by BANCO MINERO DE BOLIVIA for all outward international remittances from LA PAZ. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BAMIBOL1

The code BAMIBOL1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BAMIBOL1

Receiving International Wire Transfers

To receive money from abroad at your BANCO MINERO DE BOLIVIA account in LA PAZ, share SWIFT code BAMIBOL1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at BANCO MINERO DE BOLIVIA, LA PAZ must provide SWIFT code BAMIBOL1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using BANCO MINERO DE BOLIVIA in LA PAZ rely on SWIFT code BAMIBOL1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for BANCO MINERO DE BOLIVIA →

For cheque clearing or NACH mandates, use the MICR code for BANCO MINERO DE BOLIVIA →

For TDS challan deposits, find the BSR code for BANCO MINERO DE BOLIVIA →

How SWIFT Code BAMIBOL1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code BAMIBOL1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to BANCO MINERO DE BOLIVIA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANCO MINERO DE BOLIVIA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BAMIBOL1

• Spaces or lowercase letters — Always enter BAMIBOL1 uppercase with no spaces.
• Using the wrong city — This code is for LA PAZ only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Bolivia.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm BAMIBOL1 directly with BANCO MINERO DE BOLIVIA's LA PAZ branch or via the SWIFT BIC Directory.