SWIFT Code VAFEBG21 — VARCHEV FINANCE EOOD, VARNA

About SWIFT Code VAFEBG21 — VARCHEV FINANCE EOOD, VARNA

SWIFT code VAFEBG21 is the official 8-character head-office BIC (Bank Identifier Code) for VARCHEV FINANCE EOOD in VARNA, Bulgaria. 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 VARCHEV FINANCE EOOD for all outward international remittances from VARNA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code VAFEBG21

The code VAFEBG21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code VAFEBG21

Receiving International Wire Transfers

To receive money from abroad at your VARCHEV FINANCE EOOD account in VARNA, share SWIFT code VAFEBG21 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 VARCHEV FINANCE EOOD, VARNA must provide SWIFT code VAFEBG21. 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 VARCHEV FINANCE EOOD in VARNA rely on SWIFT code VAFEBG21 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 VARCHEV FINANCE EOOD →

For cheque clearing or NACH mandates, use the MICR code for VARCHEV FINANCE EOOD →

For TDS challan deposits, find the BSR code for VARCHEV FINANCE EOOD →

How SWIFT Code VAFEBG21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code VAFEBG21 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 VARCHEV FINANCE EOOD.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VARCHEV FINANCE EOOD receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code VAFEBG21

• Spaces or lowercase letters — Always enter VAFEBG21 uppercase with no spaces.
• Using the wrong city — This code is for VARNA 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 Bulgaria.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm VAFEBG21 directly with VARCHEV FINANCE EOOD's VARNA branch or via the SWIFT BIC Directory.