SWIFT Code ICRTCOB1 — INSTITUTO DE CREDITO TERRITORIAL, BOGOTA

About SWIFT Code ICRTCOB1 — INSTITUTO DE CREDITO TERRITORIAL, BOGOTA

SWIFT code ICRTCOB1 is the official 8-character head-office BIC (Bank Identifier Code) for INSTITUTO DE CREDITO TERRITORIAL in BOGOTA, Colombia. 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 INSTITUTO DE CREDITO TERRITORIAL for all outward international remittances from BOGOTA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code ICRTCOB1

The code ICRTCOB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code ICRTCOB1

Receiving International Wire Transfers

To receive money from abroad at your INSTITUTO DE CREDITO TERRITORIAL account in BOGOTA, share SWIFT code ICRTCOB1 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 INSTITUTO DE CREDITO TERRITORIAL, BOGOTA must provide SWIFT code ICRTCOB1. 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 INSTITUTO DE CREDITO TERRITORIAL in BOGOTA rely on SWIFT code ICRTCOB1 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 INSTITUTO DE CREDITO TERRITORIAL →

For cheque clearing or NACH mandates, use the MICR code for INSTITUTO DE CREDITO TERRITORIAL →

For TDS challan deposits, find the BSR code for INSTITUTO DE CREDITO TERRITORIAL →

How SWIFT Code ICRTCOB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code ICRTCOB1 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 INSTITUTO DE CREDITO TERRITORIAL.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: INSTITUTO DE CREDITO TERRITORIAL receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code ICRTCOB1

• Spaces or lowercase letters — Always enter ICRTCOB1 uppercase with no spaces.
• Using the wrong city — This code is for BOGOTA 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 Colombia.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm ICRTCOB1 directly with INSTITUTO DE CREDITO TERRITORIAL's BOGOTA branch or via the SWIFT BIC Directory.