SWIFT Code STGODOSD — BANCO MULTIPLE CARIBE, SANTO DOMINGO

About SWIFT Code STGODOSD — BANCO MULTIPLE CARIBE, SANTO DOMINGO

SWIFT code STGODOSD is the official 8-character head-office BIC (Bank Identifier Code) for BANCO MULTIPLE CARIBE in SANTO DOMINGO, Dominican Republic. 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 MULTIPLE CARIBE for all outward international remittances from SANTO DOMINGO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code STGODOSD

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

When to Use SWIFT Code STGODOSD

Receiving International Wire Transfers

To receive money from abroad at your BANCO MULTIPLE CARIBE account in SANTO DOMINGO, share SWIFT code STGODOSD 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 MULTIPLE CARIBE, SANTO DOMINGO must provide SWIFT code STGODOSD. 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 MULTIPLE CARIBE in SANTO DOMINGO rely on SWIFT code STGODOSD 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 MULTIPLE CARIBE →

For cheque clearing or NACH mandates, use the MICR code for BANCO MULTIPLE CARIBE →

For TDS challan deposits, find the BSR code for BANCO MULTIPLE CARIBE →

How SWIFT Code STGODOSD Routes an International Transfer

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

Common Mistakes When Using SWIFT Code STGODOSD

• Spaces or lowercase letters — Always enter STGODOSD uppercase with no spaces.
• Using the wrong city — This code is for SANTO DOMINGO 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 Dominican Republic.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm STGODOSD directly with BANCO MULTIPLE CARIBE's SANTO DOMINGO branch or via the SWIFT BIC Directory.