SWIFT Code BKSACLRM061 — SCOTIABANK CHILE, VALPARAISO

About SWIFT Code BKSACLRM061 — SCOTIABANK CHILE, VALPARAISO

SWIFT code BKSACLRM061 is the official 11-character branch-specific BIC (Bank Identifier Code) for SCOTIABANK CHILE in VALPARAISO, Chile. 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 SCOTIABANK CHILE for all outward international remittances from VALPARAISO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BKSACLRM061

The code BKSACLRM061 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BKSACLRM061

Receiving International Wire Transfers

To receive money from abroad at your SCOTIABANK CHILE account in VALPARAISO, share SWIFT code BKSACLRM061 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 SCOTIABANK CHILE, VALPARAISO must provide SWIFT code BKSACLRM061. 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 SCOTIABANK CHILE in VALPARAISO rely on SWIFT code BKSACLRM061 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 SCOTIABANK CHILE →

For cheque clearing or NACH mandates, use the MICR code for SCOTIABANK CHILE →

For TDS challan deposits, find the BSR code for SCOTIABANK CHILE →

How SWIFT Code BKSACLRM061 Routes an International Transfer

1. Initiation: The sender provides SWIFT code BKSACLRM061 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 SCOTIABANK CHILE.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SCOTIABANK CHILE receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BKSACLRM061

• Spaces or lowercase letters — Always enter BKSACLRM061 uppercase with no spaces.
• Using the wrong city — This code is for VALPARAISO 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 Chile.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm BKSACLRM061 directly with SCOTIABANK CHILE's VALPARAISO branch or via the SWIFT BIC Directory.